Downturn of Sells, Reshuffle Urgently

The financial crisis has seriously eroded global real economy, including China's auto export businesses. Monthly sale of the world biggest auto market, the North American market, dropped 26.6 percent. It is the worst result in a single month of the last 50 years.

 

China's auto export was discouraging. According to related statistics, exporting in China has a decline of 22.18 percent month-on-month and 11.29 percent year-on-year. The financial turmoil doesn't only dampen consumer confidence but also accelerates the restructure of domestic auto industry. The shrinking of national auto consumption will accelerate competition and restructuring between automakers.

 

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