China became the largest automotive market in the world in 2009 while the US fell into recession. However since then, Chinese sales slowed from the strong double-digit growth of 2009 and 2010. This slowdown is about to be over, according to Ryan Cui, an analyst with LMC Automotive, who told China Daily passenger vehicle sales will rebound to 10.5% growth this year and a stable increase will continue in the next 4 to 5 years. Even more telling, LMC doesn’t foresee any chance of a decline, which is confirmed by Lin Huaibin from IHS Automotive who said that a falling market “is impossible” unless the nation’s economic fundamentals change.
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