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Three-quarters of Chinese car owners plan to switch brands, says BCG report

BEIJING – Three-quarters of Chinese car owners – representing an installed base of some 90 million vehicles – plan to switch brands when they purchase their next automobile, according to a new report by Boston Consulting Group (BCG). The report, titled “The Battle for Automotive Brand Loyalty in China,” was

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Vehicle upgrading to prop up heavy-duty truck sales increase

BEIJING – China sold 51,551 heavy-duty trucks in August, up 5.5 percent month-on-month and 34.7 percent year-on-year. Total sales in the January to August period totaled 503,000 units, up 12.1 percent on a yearly basis. China’s heavy-duty truck industry has maintained positive growth for five consecutive months and kept a

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