Booming middle class boosts China sales 35%.(2007 Guide to China's Auto Market)

Automotive News Europe,  May, 2007  

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Byline: Alysha Webb

Pessimists keep predicting that China's passenger-vehicle market growth will slow, but that didn't happen in 2006. Sales grew by 35.1 percent in 2006 to 4.2 million units, faster than 2005's 26.9 percent growth rate, according to Automotive Resources Asia, a consulting unit of J.D. Power and Associates based in Shanghai.

Chinese consumers bought small cars in record numbers in 2006. Sales of subcompacts and compacts made up 60.9 percent of the market.

One reason for that trend is continued growth of individual buyers in China. The Chinese Association of ...

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