Coming of age: China's used car market outpaces new sales growth

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MikeBarnett wrote:

This growth is to be expected as Chinese incomes rise. People will need 2nd cars for spouse, child, or children. (Another growth with rising incomes allows couples to have more than one child if they pay a penalty and taxes on the extra child or children.) Soon, Chinese families will have the issues of who drives which car when there are competing social functions. China is learning about another aspect of the “American Dream.”

Feb 02, 2013 1:27pm EST  --  Report as abuse
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