VW to Sell 800,000 Vehicles in China
Volkswagen Group vehicle sales soared by 28.8% to 600,000 in the first eight months of this year….and the group is hoping to reach 800,000 by the end of the year.
Audi car sales also rose by 27% to 65,000 units in the first eight months.
Since 2002, sales of imported Volkswagen vehicles in China have seen an annual growth rate of 220% and may reach 8,000 units this year.
The most promising business in China in the auto industry, however, is the used car business, certified pre-owned, er, whatever it is called these days.
What that means is that soon there will be a new word needing translation into Chinese - Lemon.
VW will sell used cars, too.
Have you ever bought a lemon?
Tags: 3975, 4237POSTED IN: Doing Business in China
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