Coming of age: China's used car market outpaces new sales growth

Newswire

* Used car sales seen doubling by 2015 * Potential revenue stream for foreign automakers * Chinese brands may feel further squeeze from foreign used cars By Fang Yan and Norihiko Shirouzu BEIJING, Jan 30 (Reuters) - Used car sales in China grew faster than new car sales for a second straight year in 2012, and should account for half of all sales within seven years as the world's biggest autos market matures. While new ...

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