Published

China: Most Buyers Pay Cash, for Now

Cadillac dealer in China When it comes to paying for a new car, buyers in China couldn't be more different than their counterparts in the United States.
#economics

Share

Cadillac dealer in China

When it comes to paying for a new car, buyers in China couldn't be more different than their counterparts in the United States. In China, just 20% of new-car buyers finance their purchases. But, there's profit in auto financing, so look for the practice to grow in China. (Forbes)

Read more

RELATED CONTENT

  • Tariffs on Autos: “No One Wins”

    While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.

  • On Global EV Sales, Lean and the Supply Chain & Dealing With Snow

    The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future

  • On Quantum Navigation, EVs, Auto Industry Sales and more

    Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.

Gardner Business Media - Strategic Business Solutions