Sunday, February 16, 2014

In 2012 China bought as many new cars as the US, Germany and Japan COMBINED. Surprised?

Quite astounding.  Since 2005 the sale of passenger cars (excludes SUVs'/Trucks) in the US, Germany and Japan have been level and/or declining.  Look at China starting in 2008.

In 2012 China bought as many new cars as the US, Germany and Japan COMBINED (my eyeball estimate).

They need gasoline, spare parts, tires, etc. The center of economic gravity is moving East, my friends.

Statistic: Sales of passenger cars in selected countries worldwide from 2005 to 2012 (in million units) | Statista
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