We've been hearing Chinese officials say for fairly some time now that there are far too many automakers in the kingdom for a healthy market in the long-term, but we didn't understand until today just how out-of-hand it may be. According to state-run Chinese information agency Xinhua, China has seen an unprecedented 89 new vehicle launches so far this year.
That's definitely a huge number, but it doesn't truly hit home until you consider that 89 vehicles in the first half of 2009 averages out to a new or a lot revised vehicle appearing in China once every two days. Of those new designs, 73 were cars, nine were SUVs, six were MPVs and – in difference to typical American vehicle launches over the same time – only one was a crossover.
That's definitely a huge number, but it doesn't truly hit home until you consider that 89 vehicles in the first half of 2009 averages out to a new or a lot revised vehicle appearing in China once every two days. Of those new designs, 73 were cars, nine were SUVs, six were MPVs and – in difference to typical American vehicle launches over the same time – only one was a crossover.
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