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Domestic production cuts sales of imported cars
9/11/2005 10:25

Wendy Zhang/ Shanghai Daily news

The growing number of foreign cars manufactured domestically poses a threat to imported car sales, eastday.com reported today.
More than 10 million Toyota Camry models had been sold worldwide by September of this year, but its sales in China for the first nine months of the year were only 9,887, less than half of last year's 22,790.
The news that the Camry would be produced domestically from next year has had a negative influence on the sales of the imported model, said Xu Changming, director of the Economic Consultancy Center of the State Information Center.
The Nissan Cefiro saw its sales in China plunge from 10,128 last year to 1,410 so far this year since the domestically-produced substitute, the Teana, became available.
Some auto-makers even stopped importing the models now produced domestically. "However, it doesn't mean that imported cars have a bleak future. They are complementary to domestically-produced cars," said Shen Weijie, a dealer. Imported cars have different target markets than domestic ones. Consumers usually buy imported ones as their second car and are focusing more  on what the cars say about their drivers. Therefore, imported cars have great potential in the future, he stressed.