In November, auto sales in China continued their torrid growth, with sales up by 93% compared with November 2008. Furthermore, those Chinese auto transactions accounted for a quarter of total global sales, the highest proportion ever recorded. China is now the world’s largest automobile market, a fact that was corroborated by General Motors’ recent announcement that it sold more cars in China in November than it did in the US.
While the huge growth in the current auto market is impressive, it’s worth pausing for a moment to look back at China’s history to see how its auto sector has grown over the past three decades.
While the huge growth in the current auto market is impressive, it’s worth pausing for a moment to look back at China’s history to see how its auto sector has grown over the past three decades.
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