MPV Market Has Achieved an Annual Growth Rate of 36.9% for Ten Years
MPVs become increasingly popular in China due to practicality, comfort and safety. As the automotive market has experienced booms in recent years, MPV models have been also increasing, which triggers consumers’ demands. That is why MPV market thrives.
According to sales volume, China’s MPV market has developed at a rapid pace in the past ten years. MPV sales surged from 14,337 units in 2001 to 445,407 units in 2010 with an annual growth rate of 36.9%.