China to be world's largest premium car market by 2020

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    patpending

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    China to be world's largest premium car market by 2020

    Post by patpending on Mon May 13, 2013 6:30 am

    http://translate.google.co.uk/translate?sl=auto&tl=en&prev=_t&hl=en&ie=UTF-8&eotf=1&u=http://www.auto-motor-und-sport.de/news/mckinsey-studie-premiummarkt-in-china-verdoppelt-sich-6966889.html

    Figures given:

    2002
    1. USA 1670k cars
    2. Germany 1017k
    3. UK 436k
    (14. China 57k)


    2012
    1. USA 1700k
    2. China 1246k
    3. Germany 947k

    2020 projected:
    1. China 3000k
    2. USA 2327k
    3. Germany 1067k

    I wonder how they define "premium"? UK third in the world in 2002, mainly imports? Rolling Eyes

    Apparently there are 517 cars per 1000 inhabitants in Germany, but only 44 in China.

      Current date/time is Mon Nov 20, 2017 6:41 pm