Price wars in China have spurred a 25% increase in sales during the first quarter over like-2001. Small cars have seen the most benefit from the buyer boom, according to Automotive Resources Asia Ltd. Of first-quarter total sales of 195,661 units, 83,723, or 27%, are small cars. The segment is up 52% over year-prior, second only to minicars, which have seen a 77% rise. Fullsize and luxury sedans were the only segments to taper off, collectively falling 7% compared with the prior year ...
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