Well, we all talk about China. But what do we know about their motorcycle industry? A Chinese Market Report was just released and you will, like me, learn a few interesting things. Below are some highlights (FYI, CNY or internationally RMB are the symbols for the Chinese Yuan also called Renminbi, literally the currency of the “People’s Republic Of China”). As of today, 1 US dollar = 6.8268 CNY.
Overall Chinese Motorcycle Industry: consists of the manufacturing of whole motorcycles, motorcycle parts and accessories. 1- From January to May, 2009, the sales revenue of Chinese motorcycle industry totaled RMB 78.785 billion, dropping by 1.01% YOY (year over year, same period)
2- The growth rate fell by 25.42% YOY 3- From January to May, 2009, the profit of Chinese motorcycle manufacturing industry was RMB 3.321 billion, increasing by RMB 592 million, YOY. At the end of May 2009, the asset of Chinese motorcycle manufacturing industry reached RMB 125.537 billion, increasing by 9.57% YOY. 4- There were 2,029 motorcycle manufacturers, growing by 250 manufacturers, YOY.
Chinese Motorcycles Production: From January to May 2009, sales were 11.896 billion, dropping by 7.60%, YOY. The Chinese motorcycle manufacturing industry suffered somewhat from the international financial crisis, and didn’t recover completely. Report at Companies & Markets.