then the car market boomed in 2002, 2003 and early half of 2004 at a pace of around 70%.
All foreign car makers believe that this rate will sustain over several years. While if one checked the car sales data in US (starting from 1910s) and Germany(post WWII). Even their peak growth time was not that high and 70% growth rate is never sustainable.
now we see: capacity utilization fall back to 50% due to dramatic capacity increase. Nothing the car makers can do bu to cut price to clear off huge inventory sitting in dealership and their own warehouse.
in most time in 1990, the capacity utilization of all car makers inChina is around 40% to 50% -- parisparis - (618 Byte) 2004-10-09 周六, 02:38 (570 reads)
