Stirred by AutoChina 06' show, Wall Street Journal and other major media have a lot of covers of Chinese auto market. Lastest projections are:
This year (2006), sales reach 7 million, overpassing Japan as second largest market after US.
By 2010, sales hit 10 million. (Toyota is planning to have 10% share, 1 million sales)
By 2020, sales reach 20 million, becoming the largest market in the world.
Plus, India is booming.
All of the heavy duty players are scrambling to update their strategy in China, Asia. There are also over 100 local players who are competing at lower ends. A consolidation will come soon.
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