China 04 sedan sales growth seen slowing to 15 pct


HONG KONG, Sept 22 (Reuters) - China, the world's fastest-growing car market, will see sedan sales growth falling to 15 percent this year after soaring 82 percent in 2003, KPMG said on Wednesday. Measures to tighten auto loans by Beijing to cool the economy were a key factor in the slowdown, KPMG said. In 2003, about 30 percent of new car purchases were made with the assistance of a bank loan, but that figure fell to less than 10 percent in the first half of 2004, it said. KPMG ...

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