Share tips: Buy into China’s car boom

Profit from China's insatiable demand for new cars with this parts manufacturer, says Paul Hill.

China is the world's largest automobile market. Volumes are set to jump 8% this year with more than 19 million vehicles whizzing off the forecourts. Growth in America could be even stronger, with sales up 10% to 14 million. Between them, the two regions could more than compensate for the predicted 7% decline in western European sales, to 13.5 million units.

Consultants at Alix Partners expect volumes to hit 15.9 million in the US and 25.2 million in China by 2015. If they are right, some of the clapped-out valuations across the sector start to look daft.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.