Compact cars account for about 60 percent of passenger vehicle - TopicsExpress

Compact cars account for about 60 percent of passenger vehicle sales in the worlds largest auto market, where consumer purchasing power is rising in tandem with rapid economic growth. The segment expanded 15 percent in January-July versus industry growth of 8 percent, showed data from CPCA. Most Chinese brands wont survive, said analyst Benjamin Lo at Nomura International. Brands from privately run makers such as Geely and Great Wall are most likely to survive because those companies have good management, Lo said.

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