Chinese Car Market Continues to Grow at An Unprecedented Rate – Finfacts Team

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JATO Dynamics , a leading world provider of automotive data and intelligence, reports today that the Chinese car market continues to grow at an unprecedented rate. In the first nine months of 2007, the market for domestically-assembled cars in China was 4,417,252 units, which represents a 45.3% increase over the reported volumes in the same period in last year.

In the third quarter period, the market in saw 1,451,823 new cars sold which represents a 44 % increase on the volumes reported in the same period last year. “China continues to demonstrate a voracious appetite for new cars,” says Nasir Shah, Global Business Development Director at JATO. “Despite an increasing demand for high quality foreign imports, domestically produced products offer good value for money to the many millions of consumers who are making their first car purchase.” [Full Text]

[Image: Volkswagen is top-selling brand in China, from]

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