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 ...
Premium Content (PAID Subscription Required)
"China 04 sedan sales growth seen slowing to 15 pct" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.