China’s car onwership to overtake USA in 5 years


CHINA: 137 million cars
CHINA: 200 million cars

Currently, China’s car ownership more than 137 million, accounting for the proportion of second-hand car trading is still very low in recent years, the figure has been below 5%, compared to the United States is two hundred million of car ownership, the annual amount of 47 million the used car trade, accounting for more than 20%. At the current pace of development, car ownership in China may surpass the United States in about five years to become the world’s first.


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