Asian Passenger Car Sales for 2009
In 2009, the Asian automotive market continued to face challenges due to the lingering effects of the global financial crisis, which started in 2008.
Despite the global financial crisis, China’s automotive industry showed resilience and continued to grow in 2009, a massive 53% in fact. The Chinese government implemented stimulus measures, such as tax cuts on vehicle purchases, which helped boost car sales. China surpassed the United States as the world’s largest automobile market, with sales exceeding 10.3 million units.
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