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Chinese Car Buyers Like a New Option: Used

January 7, 2017 1:25 pm

NINGBOSecond-hand car sales are surging in China, putting pressure on auto makers after a year of sputtering growth in the new-vehicle market. New passenger-car sales rose just 1.9% in the first 11 months of 2017, down sharply from 2016 and below the projected 2.7% growth globally. Some auto makers in China went into reverse: Ford Motor Co., for example, saw its China sales fall 6% this year. (News By WSJ NEWS)

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