China overtakes the world in auto sales! Up 78% in '09
Posted: Wed 14 Oct 2009, 08:30:32
"China has widened its lead over the U.S. as the world's top auto market, with September sales shooting up by 78 percent, spurred by government calibrated tax cuts and increasing wealth of ordinary Chinese households.
Sales totaled 1.33 million vehicles last month, with passenger cars climbing 84 percent, the China Association of Automobile Manufacturers reported. It was the seventh month that China's auto sales surpassed 1.1 million vehicles.
Sales in smaller cities have been booming as automakers rush to woo first-time car buyers. Those trends have global automakers looking to the world's most populous nation to drive revenues as demand in other markets remains sluggish.
China now leads the world in auto sales, with 9.66 million vehicles selling over the first nine months of the year, up 34 percent from the same period last year. The U.S. ranks second, with January-September sales at about 7.8 million cars and light trucks, according to Autodata Corp."
http://english.peopledaily.com.cn/90001 ... 82881.html
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Sales totaled 1.33 million vehicles last month, with passenger cars climbing 84 percent, the China Association of Automobile Manufacturers reported. It was the seventh month that China's auto sales surpassed 1.1 million vehicles.
Sales in smaller cities have been booming as automakers rush to woo first-time car buyers. Those trends have global automakers looking to the world's most populous nation to drive revenues as demand in other markets remains sluggish.
China now leads the world in auto sales, with 9.66 million vehicles selling over the first nine months of the year, up 34 percent from the same period last year. The U.S. ranks second, with January-September sales at about 7.8 million cars and light trucks, according to Autodata Corp."
http://english.peopledaily.com.cn/90001 ... 82881.html
All running on OIL.