I knew this day was coming, but I thought it would take another decade or so — in January, more cars were sold in China than in the U.S.
Here is an interesting statistic: 60% of new cars purchased in the U.S. are bought with a loan but only 8% of cars in China are financed. Think about that — 92% of the cars bought in China are paid for ALL CASH.
Related Posts
- New cars aren’t selling? They are in China (04/16/09)
- Cars in China (07/30/08)
- 8 million mnore Chinese cars (10/08/08)
- 10 million cars…and counting (10/20/09)
- Toyota passes GM in China (10/20/08)
