Chinese SUV sales hot, market dividedUpdated: 2013-02-26 15:35
Sport utility vehicle sales surged to 2 million units in 2012, a 25.5 percent increase over the 1.59 million sales volume in 2011, despite a slim auto market growth, Guangzhou Daily reported Tuesday.
"The SUV market will maintain the growth momentum as more Chinese families now can afford a second car. And market fragmentation is likely to continue to be the trend," said auto professional Yang Zumao.
"Generally, the rich prefer luxury SUVs. The working class favored those under 10,000 yuan. People with petty bourgeoisie tastes prefer medium-small sized ones," said auto professional Yin Hongdeng.