China SUV Market Report 2015- Industry Size, Share, Trends, Growth Analysis Forecast

According to Sino Market Insight’s China SUV Industry Report, 2014, the SUV market is expected to maintain rapid growth over the next five years, and sales volume will reach 7.91 million in 2018. 

In 2013, Chinese automobile market achieved higher-than-expected growth, of which, output increased by 14.82% YoY to 22.13 million and sales volume rose 13.94% YoY to 21.99 million. Passenger car market grew faster than the overall automotive industry, with output and sales volume up 16.49% and 15.71% YoY to 18.08 million and 17.93 million, respectively. As the current market has a large base, China’s passenger car market growth rate in the next five years will be reduced to about 10%. 

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