Growing Auto Market in China4. August 2016
The vehicle sales in China increased in June. In the first six months of 2016 significantly more cars were sold compared to the same time frame last year. The proportion of SUV’s (Sports Utility Vehicles) sold also had a notable increase compared to the same period last year. Year over year the Chinese automotive market has increased with expectations of continued growth for the foreseeable future.
For all vehicles that have an engine with a maximum cylinder capacity of 1.6 liters the VAT was reduced as of October 2015. This tax relief was China’s response to the slowed sales with these vehicles over the summer of 2015. In China as well as in Europe this vehicle type is currently highly demanded by buyers. The trend towards large vehicles is distinctly noticeable in China. Since the tax was reduced especially vehicles with small engines have a benefit. For this reason, the demand for small engines in this vehicle class has risen significantly.
The huge potential of the Chinese automobile market, not only strengthen the OEMs but also the automotive supplier network as well. Many different types of automotive parts produced by suppliers are required to have CCC certification. It is important to check if CCC is needed to avoid problems in China.
For more Information about CCC certification, the certification process and the costs associated with CCC certification please check our website. For more detailed information, please download our free booklet “CCC Made Easy” here. You may also consider our book “A Brief Guide to CCC: China Compulsory Certification”, which can be ordered directly on Amazon here.
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