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Sales in rural markets boost China to No. 1
Auto sales in rural markets boost China to No. 1
Posted on Tuesday, December 22nd, 2009 at 10:15 AM EST.(Employee News)
As growing numbers of Chinese shop for their first vehicles or trade up for newer models, sales in China’s immense hinterland are booming, encouraged by tax cuts, government subsidies and growing consumer spending power, the Associated Press reported.
The supercharged growth has propelled China ahead of the United States as the world’s biggest auto market, AP said. The government’s role in spurring the market has been crucial, but China’s still low level of car ownership points to the potential for decades of strong growth even as some analysts warn the future holds tougher competition and dwindling profits, the story said. (Associated Press/Detroit News)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
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