Trade Resources Market View China Will Become The World's Largest Auto Market

China Will Become The World's Largest Auto Market

China Will Become The World's Largest Auto Market

China is expected to become the world's largest car market in 2013, said the German auto industry association VDA, Xinhua reported. In 2013, the global growth in passenger car sales was driven by China and US markets. Sales in China in 2013 are estimated to rise by 21% to 16m unites, while sales in the US market are estimated to increase by 7% to 15.5m units. VDA has forecast China's share of the world passenger car market will rise to 23% in 2014, while the share of the US is expected to be around 21%.

 

Written by Dora Men

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