Business

Getting into China´s car import industry is an interesting prospect for business since there are many fast-rising Chinese millionaires that now form the affluent crowd in China. Some years ago, economics as well as business trade analysts predicted the upsurge in the China car import market. The high-end automobiles currently being favored by the rich Chinese market includes BMW M series line, the elegant but powerful Audi Quattro system and the AMG Mercedes line up.

Apparently, the rich and famous have a need to be seen using this luxury cars. According to a news report from Beijing, China imported no less than 229,000 imported cars in 2006 and still continues to import newer and more expensive models today. There have been some reduction in volume of China car imports due to some consumption tax increase but the low import tariffs buffered the tax thereby the reduction was just minimal. This is quite ironic considering that China´s own car manufacturing industry has excessive production of cars.

China car imports also now include the Volkswagen series such as R-line which would heavily compete with BMW, Audi and Mercedes Benz. Even other types of vehicles such as the durable Land Rover as well the classic Jaguar is eating up into China´s car imports market. News reports and car statistics revealed a surge in the demand for more sturdy and all-terrain vehicles such as Humvee , Range rovers, Mercedes SUV and Escalades which are now quite popular in eastern China.

On the other hand, importing cars from China is also good business since the venture would profit from China´s membership in the WTO. This would mean also a good understanding of how China car industry and attending fairs, exhibits and conventions so establish a network of possible contacts, manufacturers and suppliers for imported cars from China. Always remember that a vast understanding of China import laws would help in your transactions.

It is also helpful to build good relationships with partners since the Chinese value trust. Getting into the China car import business is quite a complicated process but once you have learned the ropes of the business, the pay-off is quite good.