China makes a world record for car purchasing

When it pertains to vehicle sales internationally, no nation, not even the US, can take on China.

According to research study from Frederic Neumann, financial expert at HSBC in Hong Kong, over 21 million cars have been sold in China over the past 12 months, easily going beyond the United States in second-place with simply over 17 million cars sold.

As the chart below, supplied by HSBC, describes vehicle sales in China easily surpassed those in Asia excluding Japan over the exact same duration.

And sales are still growing at a solid rate, although there are much faster growing markets across the area.

If there is to be a challenger to China in terms of overall automobile sales, it’s most likely to come from India, as revealed in the final chart listed below. Sales levels are simply below those of China, and growing faster at this time.