Chinese Car Ownership To Rise
Written By: Chris Paukert
Somewhere Al Gore is cringing. The third largest car market is about to get a bit bigger. The Chinese government reports that by 2010, 40 of every 1,000 citizens will own a car, compared to 24 per 1,000 today. While that sounds like a drop in the bucket compared to the 700 figure here in the U.S., it still adds up because of the sheer size of the country’s population. It also means that Chinese car manufacturers will have plenty of home customers to help them prepare an import invasion overseas.
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