> Industrial News > News   J.D. Power Revises 2008 China New Vehicle Sales Forecast   U.S. research firm J.D. Power and Associates has reduced its forecast for passenger vehicle demand in China. The downward revision to 5.95 million units for 2008 marks a 4 percent decrease from the 6.2 million units forecasted at the beginning of the year. The revised forecast is still a 9.7 percent increase from the 5.42 million passenger cars sold in China in 2007, but it marks the first time since 2003 that the growth from the previous year is below 10 percent. China’s total year-to-date 2008 passenger car sales through June reached 3 million units – up 18 percent from the 2.6 million units sold during the same period in 2007. J.D. Power believed several factors have contributed to the slowing growth, such as sharp drop of Shanghai Stock Exchange Composite Index, running inflation, slowing exports, the massive earthquake in Sichuan Province and increasing gasoline prices.   Time:2008-08-15 Source:NaviForum Shanghai News Center Relative