Asian Passenger Car Sales for 2008
In 2008, the Asian automotive market faced challenges due to the global financial crisis that began in late 2007 and continued into 2008. The crisis had a significant impact on the global economy, including the automotive industry.
Despite the global financial crisis, China’s automotive industry continued to grow at over 7% in 2008, although at a slower pace compared to previous years. Car sales exceeded 6.76 million units, indicating steady growth. However, the global financial crisis did affect the Chinese market, leading to a slowdown in sales towards the end of the year.
