Asian Passenger Car Sales for 2007
In 2007, the Asian automotive market continued to witness growth, driven by factors such as economic development, increasing disposable incomes, and expanding consumer markets.
China’s automotive industry experienced continued rapid growth in 2007, growing at a remarkable 22% year on year. Car sales surpassed 6 million units, showcasing a significant increase compared to previous years. Chinese consumers continued to show strong demand for sedans, SUVs, and compact cars. Luxury car sales also witnessed growth, indicating the rising purchasing power of Chinese consumers.
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