Recently, I attended the fall 2003 research conference sponsored by the Automotive Market Research Council in Chicago. In addition to discussions on economic recovery in 2004 by Eaton Corp. Chief Economist James Meil, there were presentations on product invention of the Daimler-Chrysler Pacifica, the heavy-duty truck market, the off-highway market and metallic material specifications. And David Geiger of Timken Co. covered the increasing investment of companies in the Chinese market.

Since it entered the World Trade Organization in 2001, China's economic market, consumer market and investment arenas have greatly increased. Particularly noteworthy is an increase in automotive consumption by the Chinese. Because more and more consumers are investing in the Chinese automotive market, it is projected that vehicles from China will be imported to the United States in the distant future.

Currently, there are more than 100 auto manufacturers in China. The top 10 manufacturers make up 90 percent of the market. Chinese vehicle manufacturers are expected to launch between 20 and 30 vehicle models in the next few years with a projected overall vehicle growth to 6 million by 2008.

Stat Corner is written by Denise Caspersen, ASA's research management specialist. She can be reached at (800) 272-7467, ext. 236.

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