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
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.