China’s car market has overtaken the U.S. car market in sales. This according to J.D. Power and Associates, which measures car sales.
This has some potentially major long term effects from the sort of car that willl be designed and made, to the effect on the environment and even on the price of petrol.
J.D. Power and Associates forecast – and they are probably very right with these figures – more than 12.7 million cars and trucks will be sold in China this year, up 44% from the previous year and passing the 10.3 million forecast in the US.
China has long been expected to overtake the US since its population of 1.3 billion is more than quadruple that of the US. But the increase in sales happened much faster than anyone expected because of China’s tax cuts, its stimulus program and a depressed American market.
China Digital Times reports that two years ago, J.D. Power predicted China would pass the U.S. in 2025. Earlier this year, it forecast 2009 sales of just 9 million vehicles for China.