In the first half of 2009, Chinese-brand car sales reached 955,300, an increase of 4.21 percentage points year-on-year and accounting for 45.32 percent of the total passenger vehicle sales and 29.45 percent of the total sedan sales respectively.Compare these numbers with the three-year goals stated in China's recent "Automobile Industry Adjustment and Stimulus Plan" (which I previously wrote about here). This policy was released only in March of 2009:
If I read this correctly (and if People's Daily's statistics are to be believed), the State Council's three-year market share goals were achieved about two-and-a-half years ahead of schedule!自主品牌乘用车国内市场份额超过40%,其中轿车超过30%。
Chinese brands will surpass 40 percent of the passenger car market, among which sedans will surpass 30 percent.
If only the rest of China worked in the same way.
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