Bloomberg (July 27)
2019/ 07/ 28 by jd in Global News
With over 300 million vehicles, China’s fleet is the world’s largest and the impact will be increasingly felt worldwide. “Secondhand car exports are starting modestly and the country will take time to catch up to more established players.” Still, it’s clear that “China will have more used cars to sell than anybody and its export business will inevitably grow into the world’s biggest.” This will place pressure on new vehicle sales as well. “Global automakers might want to strap on their seatbelts.”
Tags: Automakers, Car, China, Exports, Fleet, New, Pressure, Secondhand, Used, Vehicles, World's biggest
