Savvy and sophisticated: Meet China’s new car buyers

After registering its lowest growth since 2011, China’s automotive market rebounded strongly in 2016 (Exhibit 1). Car sales jumped 20 percent, nearly twice the rate of increase in 2015. Much of this vigorous expansion resulted from the country’s temporary suspension of sales taxes for cars with small engines. Volatility continued in 2017: A large drop early in the year … http://bit.ly/2hpfIDX

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