China Passes Japan as World’s Second Largest Auto Market
China passed Japan on the highway for new vehicles to become the second largest car market in the world in 2006.
Of course, China has a population 10 times greater than Japan.
The United States is number one.
7.22 million cars were sold in China in 2006, up 25%. Interestingly, only 7.28 million cars were produced in China last year.
Passenger cars reached 5.18 million.
The top 10 automakers produced about 83.9 percent of all auto sales, including Shanghai Automotive Industry Corp. (SAIC), First Automobile Works (FAW) and Dong Feng Motor Corp. (DFMC), which respectively sold 1.22 million, 1.17 million and 932,300 vehicles as the top three sellers.
Privately owned Chery Auto ranked seventh and Geely Group was tenth.
New vehicle sales were three times that of used cars in China.
And the Chinese automarket goes ummmmm….
What do you think?
China doesn’t have 10 times more people than Japan
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