China’s sales of domestically made vehicles surged 25 percent in February from a year earlier, as customers took advantage of a major tax cut for small cars, the official Xinhua News Agency reported Tuesday, citing industry figures.
In keeping with my mantra of only reporting positive automotive news, I am writing about China’s increased sales of domestic vehicles. I must admit, it’s getting harder and harder to find these kinds of upbeat stories. But, I refuse to get sucked into all of the gloom and doom out there right now. Every day, it’s all about factories closing, carmakers hovering near the edge of bankruptcy and massive layoffs. I believe it all feeds on itself. Having an upbeat attitude and putting a positive spin on it is my personal solution.
What can we learn from China’s recent success? For one, we can start by giving potential new car buyers in this country more incentive to buy, like Hyundai is doing with their “Can’t pay? We’ll take it back” program. These are not normal times, so a “business as usual” approach will not work.
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