Jing Qi! China passes US in total auto sales

Despite a worldwide recession that is affecting even China (after significantly growing it’s economy for most of 2008), the Chinese bought about 795,000 new vehicles in January of ’09. That compares to approximately 657,000 vehicles sold in the US.

For whatever it’s worth, this is the first time in history that China has surpassed the US in vehicle sales. But don’t expect me to scream “oh no, we’re going to be overrun by crappy Chinese cars!” I feel like the learning curve isn’t going to be too much steeper for China than it was for Korea. It took the Koreans, particularly Kia and Hyundai, only a decade or two from making bad copies of other cars to being serious rivals to Japanese automakers in terms of quality and design. Want proof? Look at the new Hyundai Genesis. Compare that to a Hyundai Excel from 1990 and you’ll understand that motivated companies with advantages in labor costs, and some help from foreign expertise, will catch up really quick. Realistically, I give the Chinese another 10 years, and possibly less, to make very competitive cars. And I don’t expect the Koreans to give their market position up easily, so expect a price, feature, and quality war in the near future. Chinese automakers like BYD (“Build Your Dreams,” actually one of the better manufacturer names) are already very serious about hybrid technology, too.

That will be good for consumers, trust me. You’ll benefit in the long run.

[Source: Freep.com. Bnet Autos]