From 5 Stunning Facts About The Chinese Car Market You Need To Know
👉 "[China] is the biggest [car market] in the world.
The Chinese car market is the biggest passenger car market in the world. It became the largest in 2009, and has remained the largest ever since. In 2015, automakers sold 21.1 million passenger cars, up 7.3% from 2014. That number is less stellar than before, 10% in 2014 and 16% in 2013, but the growth alone (1.1 million) is almost as big as the entireAustralian car market (1.15 million).
Growth is accelerating again with an additional 7.8% in March, and new tax breaks for cars with small capacity engines will likely keep sales going up. The entire year's growth of passenger car sales is forecast to reach 8%, which would size the market at 22.8 million sales, making China the largest market again, by a wide margin."