McKinsey Report: “Finding the fast lane: Emerging trends in China’s auto market”

McKinsey released a new report on the passenger vehicle market in China (LINK).  Key points:

  • After years of double-digit growth, China’s auto market is slowing down.

China Auto Mckinsey April 2016 (car Sales)

  • Car ownership loses some appeal due to rental options, leasing, co-owning, and e-hailing.
  • Value takes priority for many buyers and used cars are becoming a more popular option

Link to full report at mckinsey.com

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