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Essay Details:
Essay text:
Nevertheless,
even with the fall from rosy profit margins and breakneck sales growth, China still represents the
fastest growing automobile market in the world with far-reaching potential in sales and
complementary services (see Exhibit 1). A record 1.7 million new vehicles were sold in China in
the first three months of 2006.7 With the strong start, vehicle sales should surpass that of Japan,
placing China as the world's second largest automobile market, behind only the United States.
The driving force behind the growth in automobile sales has been the burgeoning of the Chinese
economy and in particular, consumer purchasing power...
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