China’s passenger-vehicle market is evolving and maturing in unexpected ways at an unprecedented pace. As incomes rise, competition is stiffening, tastes are broadening the model mix and sales are continuing to soar. Domestic deliveries climbed 21% in 2007 to 5,232,160 vehicles and jumped another 21% in the first three months of this year to 1,501,610. Year-ago’s figure does not include 282,000 import-vehicle sales, almost all luxury vehicles, with about 40% from Japan and 25% from ...
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