Ningxia to build Northwest's largest auto market
By Li Huayu (chinadaily.com.cn)
Updated: 2006-07-07 08:50
Construction on the Ningxia Big World Auto Market, the largest automobile
distribution market in Northwest China, officially started on June 18. The
market is located at the Desheng Industrial Park in Helan County, Ningxia Hui
Autonomous Region.
With a total investment of 200 million yuan (US$25.03 million), the auto
market has a construction area of 100,000 square meters and will be a
comprehensive shopping mall that integrates auto sales and maintenance services.
Upon completion, it is expected to accommodate 180 business operators and trade
about 100 brands of auto products, with an annual turnover expected to reach 1
billion yuan.
Currently, there are more than 200 auto dealers of different sizes in
Ningxia. In 2005 sales of new cars in the region reached 30,0000 units, up 30
percent year on year, and sales of second-hand vehicles were more than 30,000
units, up 35 percent year on year.
......
The full text is available in the July Issue of Auto China.
(For more biz stories, please visit Industry Updates)
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