Retail in Asia

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Local auto brands struggle in China

Domestic automakers in China are struggling to match the sales of their overseas rivals, in a market where shoppers now have more than 90 brands to choose from.

JP Power & Associations, the information services firm, and LMC Automotive, the intelligence provider, reported that 3.4 million passenger vehicles were sold in China during the first quarter of 2012.

This marked a 2 percent increase year on year, a "sluggish" performance compared with the recent past. Among the factors contributing to this below-trend growth is a general slowdown in the Chinese economy and rising petrol prices.

(Source: Warc.com)