More Cars Now Sold in China Than the US - The Intrepid

Saturday, October 24, 2009

More Cars Now Sold in China Than the US

Car Sales US China

In January 2009, China's monthly automobile sales figures surpassed US figures. According to CEIC, the data firm that released these figures, "the China auto market is enjoying the sort of golden age experienced by US automakers in the post-war period where millions of consumers are buying their first car as they aspire to a middle-class lifestyle. On the other hand, in the saturated US market, consumer attitudes towards cars have been shifting towards “frugalism” as recession and environment concerns hit across a wide range of consumers."

At this rate, it probably won't be long until China manufactures more cars too.

From The Economist.