China, World's Top Car Market

♠ Posted by Emmanuel in at 1/11/2010 05:20:00 PM
Just note that China is now the world's largest passenger car market, surpassing the US in 2009 by a whopping 3.2 million car margin (China 13.6 million to US 10.4 million). Bloomberg says it's the first time the US has relinquished its lead since the heyday of the Model T a century ago.

If it's any consolation, GM is the largest foreign automaker in China.