Fact #315: April 12, 2004
China Passenger Car Sales

In 2003, nearly 1.9 million new cars were sold in China. That was a 61% rise from 2002 sales. One-quarter of China's new car sales were for cars costing between $15,000 and $22,000. Models in this price range include the Volkswagen Golf, Hyundai Elantra, Kia Accent, and Toyota Corolla.

Supporting Information

Chinese Car Sales by Price Range, 2003

Price Range	Market Share
$4,200–8,500	18.8%
$8,500–12,000	13.5%
$12,000–15,000	21.0%
$15,000–22,000	25.9%
$22,000–32,000	17.2%
$32,000 and up	3.5%
Total Cars Sold	1.9 million
Source: Crain Communications, Automotive News, March 15, 2004, p. 32K.

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