China’s car import industry is an interesting prospect for business and there are more and more Chinese business men becoming millionaires The upswing of the China car import industry was foreseen by economists and business analysts. The preferred choice of vehicles of people from the upper strata of society are European made cars such as BMW M series, Audi Quattro and the AMG Mercedes Line up.
The rich would like to flaunt their extravagance by using such luxurious automobiles.According to news report from Beijing, China imported no less than 229,000 imported cars in 2006 and still continues to import newer and more expensive models today. There was a reduction of China car imports due to high consumption tax increase, however, the low import tariffs buffered the tax making a minimal reduction. This sounds ironic because the Chinese car manufacturing industry has excessive car production.
Volkswagen, such as the R-line series is now included among the many models for China car imports, this will heavily compete with BMW, Audi and Mercedes Benz. China’s car import market is also being invaded by Land Rover and the classic jaguar. Most Chinese in Eastern China prefer Humvees, Range Rovers, Mercedes SUVs and Escalades for their durability among all-terrain vehicles.
Since they are a member of WTO, people who will venture in importing cars from China will get a lot of benefits from it. Attending trade fairs and exhibits will help you grasp the Chinese import cars industry and will also give you a possibility to expand your network of car manufacturers and suppliers.
Always remember that a vast understanding of China import laws would help in your transactions. Chinese people are virtuous so its very ideal if you build good relationship with them. Getting into the China car import business is quite a complicated process but once you have learned the ropes of the business, the pay-off is quite good.