China auto makers are having a tough go competing with the likes of U.S. and German brands. And even though there are a lot more of them then there are foreign brands, the reputable big auto makers dominate the roads in China.
Chrysler Canada says it’s enjoying the longest auto sales growth streak in its history.
The resurgent automaker, rescued by U.S. and Canadian government loans after filing for U.S. bankruptcy protection in 2009, says January had the 38th consecutive month of year-over-year sales growth in Canada.
Overall, the company says it sold 17,013 vehicles in Canada last month, up three per cent from 16,584 vehicles sold in January 2012.
Chrysler says those figures mean it’s starting the year as the No. 1 seller of vehicles in Canada.
American automakers are likely to make gains against their Japanese rivals. Toyota's (TM) Lexus brand has been dethroned in the U.S. and the sale of Japanese auto sales in China are being damaged by brewing animosity between China and Japan. These and other factors are brewing a perfect storm for U.S. auto sales growth.
American Cars Claim Luxury Sales
US and other auto manufacturers banking on increased car sales in China for 2012 have three reasons to be concerned.
Blistering growth in Chinese auto sales is expected to plunge
China is taking efforts to dampen foreign investment in autos
The Wall Street Journal reports