Tony Sagami -

Auto imports soar in China

by Tony Sagami on August 20, 2008

The roads of Beijing are crowded with non-Chinese cars.

In the first six months of 2008, China imported 212,000 vehicles a 53% increase from the same period of last year.

The dollar value increase was even more dramatic. The dollar value hit $7.74 billion, a 71.3%. That tells me that the market is for high-ticket luxury cars.

I have seen a ton of black Audis in Beijing.

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