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View Full Version : China knocked off U.S. for January sales title


CosworthKid
02-04-2009, 09:45 AM
China was once little more than a blip on the radar for the world’s automakers, but the nation of billions has quickly emerged as a major car market. In fact, according to General Motors’ sales figures, China displaced the United States as the world’s largest auto market during the month of January.

Per GM sales figures, 790,000 vehicles were sold in China during the month of December. In comparison, the U.S. market accounted for roughly 668,000 units.
“This is the first time in history that China has passed the U.S. in monthly sales,” Mike DiGiovanni, GM’s executive director of global market and industry analysis, told Automotive News. “We are estimating that China is going to come in at 10.7 million seasonally adjusted annual rate in January, about 790,000 units. The U.S. industry, we estimate, at about 668,000 units or about 9.8 million SAAR.”
If GM’s estimates are correct, it would mark the first time China outsold the U.S. on a month-to-month basis. However, official sales figures for China have not yet been reported.



http://www.leftlanenews.com/report-china-knocked-off-us-for-january-sales-title.html

swizzle
02-07-2009, 02:32 PM
This was coming. It will be interesting to see how this affects Euro/NA products.

knicks125
02-07-2009, 02:40 PM
I believe in China cars are a lot more expensive, and the average consumers also make less, while little or no fleet sales - this is defn. something.

Plus most paid in full at the dealership :eek:

2o6
02-09-2009, 12:52 AM
People do make less, but the middle class is rapidly expanding. When everyone starts making good money they'll never be able to be dethroned of the top consumer.