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More Chinese families take to the road

November 23, 2010
Oh, to be a dealer in China. According to the statecontrolled China Association of Automobile Manufacturers, February 2003 car sales totaled 141,200 vehicles, up 184 percent over the same month last year. Extrapolating the numbers puts China on track to sell more than 1 million passenger vehicles this year. Chen Hong, vice president of China's largest automaker, Shanghai Automotive Industry Corp., said his company projects 150 million families to buy cars in the next 10 to 15 years. That means nearly half the population would have access to a vehicle and could make China the number one car market in the world. However, the infrastructure in China is not equipped to handle that many vehicles. Other forecasters expect sales to level off unless the government commits a huge amount of resource to building and maintaining roadways.