China is the world’s largest car market, selling 29 million light vehicles a year. By 2025, China’s new car sales will be double those of the United States, analysts said. To put that in perspective, about 17.2 million new light vehicles were sold last year in the U.S., according to Kelley Blue Book data.
Detroit’s car companies must focus on growing their sales in China if they want to sustain total profits enough to succeed elsewhere in the world.
Read the article at Detroit Free Press.