Friday, June 16, 2006

Car buying in China

Here's one to mull. The stats are from automotive powerhouse researcher J.D. Power & Associates.

Percentage of new-car sales in China that are to first-time buyers: 84 percent.

Percent of new-car sales in theUnited States that are to first-time buyers: 1 percent.

No wonder Chinese manufacturers are moving into the U.S. market, reportedly in 2007.

1 comment:

briansmac said...

There is an unfair ratio issue here...up until recently, the chinese rode bikes everywhere as their main means of transportation. they are now buying cars because they are available to them where they were not before. The usa car market has been around for 80 years compared to china's 5-7 years....