China Forecast to Overcome US as World’s Biggest - Toyota Prius Forum : Prius Online Toyota Forums
User Tag List

 
LinkBack Thread Tools
post #1 of 1 (permalink) Old 06-15-2011, 11:09 PM Thread Starter
Junior Member
 
Join Date: May 2011
Posts: 1
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
(Thread Starter)
Default China Forecast to Overcome US as World’s Biggest

A U.S. market research firm says light-vehicle sales in China are eclipsing sales in the United States and that China could become the world's biggest car buyer this year.
J.D. Power and Associates, which tracks the auto industry, said that in 2011, automakers expect to sell more than 18 million vehicles in China, which is about 40 percent more than in the United States.
The company says light-vehicle sales will continue to grow in China despite higher oil prices if its economy remains strong. It predicts that the U.S. car sales will be back to some 17 million units by 2018, but adds that by then, sales in China could come close to 33 million vehicles.
The firm says that in China, the sales will be spurred by increasing urbanization, rising incomes, growing numbers of dealers and massive road construction.
Earlier this week, J.D. Power & Associates predicted that India would become the third-largest market for auto sales by 2020, after China and the United States. India is currently the world's sixth-largest vehicle market.
dodh01291 is offline  
Reply

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



  Similar Threads
Thread Thread Starter Forum Replies Last Post
Business help in China johndoe1958 Off Topic Discussion 1 04-05-2006 12:13 PM
Biggest 18" wheels/rims Lionking Toyota Prius - Technical Chat 1 12-15-2005 02:25 AM
Toyota to be biggest shareholder in Subaru RSnyder Other Vehicle Discussion 0 10-07-2005 11:46 PM
Prius in China?? smtrader Toyota Prius General Discussion 1 10-05-2004 12:49 AM
Business help in China johndoe1958 Toyota Prius General Discussion 1 12-31-1969 07:00 PM

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome