China sees large demand for SUVs

Since 2007, the SUV market has been growing the fastest among all other passenger vehicles in China, with the domestic and imported SUV growth rates climbing to more than 50%, according to statistics from the National Passenger Car Information Exchange Association. Industrial insiders predict that the growth rate of imported luxury SUVs will remain at around 45%-46% in 2008 and 2009, and that the demand for compact luxury SUVs priced between 400,000 yuan (US$57,951) and 500,000 yuan (US$72,438) will grow even faster. (June 11, 2008)