China

From wheels to high-performance suspensions, the specialty-equipment market's luxury segment has a lot of potential for SEMA members. To learn more about this market, participate in the 2011 SEMA CIAPE China Business Development Conference.

Sellers of accessories and performance products hailing from every corner of the Chinese mainland who have registered for the upcoming SEMA CIAPE China Business Development Conference have identified the products they wish to source from American manufacturers on their growing wish list.

The following are 15 facts regarding China's SUV market. You can learn more about this growing market by attending the SEMA China International Auto Parts Expo (CIAPE) China Business Development Conference in Beijing, September 7–10, 2011.

It’s hard to miss news about the fast growth of China’s passenger-vehicle market. Sales rose by 37% in 2010 to 11.9 million units, according to J.D. Power and Associates. In the United States, sales of light vehicles rose by 11% to 11.6 million units.

Bushwacker Inc. and SCT Performance are among those SEMA-member brands being actively promoted in China. SEMA China eNews—a Chinese-language monthly SEMA publication being distributed to thousands of distributors and retailers thoughout China—will feature these two SEMA manufacturers as well as others interested in selling to the largest automotive market in the world.

The Classic Vehicle Union of China (CVUC) has about 800 classic cars among its 400 members, but that is bound to grow, figures CVUC president Yang Li. There are up to 10,000 classic cars in China, he told SEMA.

Taking place in Beijing, September 7–10, SEMA manufacturers will participate in one-on-one meetings with qualified Chinese buyers through the SEMA CIAPE China Business Development Conference. More information is available at www.sema.org/china or by contacting Linda Spencer: lindas@sema.org.

SEMA has created a unique program to assist members in exploring their products’ sales potential in China at the upcoming SEMA China CIAPE China Business Development Conference, September 7–10, in Beijing.

Vehicle sales in China are growing across the board, but the luxury and SUV segments are increasing at the fastest rate, propelled by rising incomes and a wave of second-car buyers with a desire for something more upscale. That’s just one trend that bodes well for SEMA members eyeing the China market for future sales.