Auto Spare parts prices keep rising in China

With prices of raw materials keep rising, more and more auto makers and spare part makers have been hard pressed by the rising cost in China.

According to experts, in the first season of 2008, tyre prices have increased 5% to 10% averagely while some spare parts price increase rate reached 20% to 30%. However, price of autos has not changed so much. It is said that effect of rising cost could be counteracted by more effective manufacturing agility.

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