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China new car sales potential way ahead of US
Published Tue, Jan 20, 2015 · 09:50 PM
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Shanghai
CHINA's lead on the US new-car market is forecast to widen to a record 4.6 million units this year. With a vehicle ownership rate of about a 10th of their American peers, there's room to grow.
About two of every three buyers in China were, until recently, first-time car owners, according to General Motors.
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