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China Roars Past U.S. to Become No. 1 Auto Market

Posted on Jan 8, 2010
AP

Rows of cars, many of them produced by foreign manufacturers in China, sit ready for sale at a Beijing car market in 2006.

With the U.S. economic slump and the seemingly never-ending boom in Chinese manufacturing, it comes as no surprise that China has become the world’s biggest car market, with 13.5 million vehicles sold in 2009—or 2.1 million more than the U.S. —JCL

The Guardian:

China has overtaken the US to become the biggest car market in the world as government policy initiatives spur demand.

China sold more than 13.5m vehicles last year, the official Xinhua news agency said today, compared with 10.4m cars and light trucks sold in the US, the lowest level in 27 years.

The Chinese tally includes heavy vehicles but is still higher than that of the US after roughly 650,000 units of heavy trucks are deducted, according to Orient Securities, the Chinese brokerage.

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By GardenSERF, January 13, 2010 at 5:02 pm Link to this comment
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I delved into this story out a bit more.

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By rollzone, January 8, 2010 at 11:54 pm Link to this comment

hello. {let’s all go get jobs in China!}
  the competition will be good. if you figure they have four times the population, parity is still a decade away.
  however, the innovative quality expectations, of rubbing elbows with the American giants: may be an exciting decade to come.
  will they be first to have driverless automobiles?

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By P. T., January 8, 2010 at 11:24 am Link to this comment

Ahh, China has a much bigger population than the U.S.  It also has a bigger market for pollution face masks.

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By felicity, January 8, 2010 at 10:52 am Link to this comment

Henry Ford paid his workers $5.00/day. When questioned by his tycoon pals why the ‘high’ pay, his answer was so they can afford to buy Fords.

Using 1963 as a standard, and all things being equal, today’s minimum wage would be $21/hour. Is it any wonder that China’s car market is larger than ours?

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By Jon, January 8, 2010 at 10:12 am Link to this comment
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And, 95+% of all car purchases in China are in CASH.  10,000 new car registrations a month are processed for new cars to operate in Beijing and its suburbs.  16+ million car sales a year.  If you were Ford, GM, and the others, where would you put your corporation’s focus?  China or the US? Where would you want to manufacture to be price competitive? Of course, the U.S. (now unemployed) taxpayer has funded the move to China and out of the U.S. We will soon realize that the cars we drive are mainly being built and imported, with high prices as well.

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