Mexican Media Brands
China’s Car Market Set to Accelerate in 2018
A healthy economy and rising demand in underdeveloped parts of China should boost retail sales of passenger cars in the country by 4% in 2018—twice this year’s pace.
#economics
Share
A healthy economy and rising demand in underdeveloped parts of China should boost retail sales of passenger cars in the country by 4% in 2018—twice this year’s pace, says the China Passenger Car Assn.
The group reports that sales in the country expanded by nearly 2% to 21.4 million units in January-November. Deliveries last month climbed 3% to 2.5 million units.
CPCA anticipates strong sales in December as consumers rush to buy small cars before the government’s 2.5% break on such models expires. The group anticipates greater volume among cities in China’s central and western regions, where car ownership is only 35 per 100 households.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
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.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.