China’s car market has regained momentum, but German automakers have lost market share. China is once again the “locomotive,” industry expert Ferdinand Dudenhöffer of the Duisburg-based Center Automotive Research (CAR) wrote Wednesday in an analysis quoted by news agency dpa. Although global car sales are expected to decline by 3.2 percent this year, the market in China is expected to grow by five percent, Dudenhöffer estimates.
Continue reading now
Get 30 days of free access to the Decision Brief to read these and more quality news every day.
Are you already a guest at the China.Table? Log in now