China to Overtake Germany as World's Third Largest Auto Market

China's auto sales will exceed eight million units in 2007, one million more than an earlier industry forecast, allowing the communist giant to overtake Germany as the world`s third largest auto market.

Published: 30-Dec-2006

Beijing, Dec 22: China`s auto sales will exceed eight million units in 2007, one million more than an earlier industry forecast, allowing the communist giant to overtake Germany as the world`s third largest auto market.

According to the latest forecast from the China association of automobile manufacturers, China will produce eight million autos in 2007.

The CAAM, an important source of industry information, earlier predicted that both china's auto production and sales would exceed seven million this year.

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Chinese vehicles will be a threat to established U.S. auto sellers because vehicles from China are likely to be much cheaper than those from Europe, Japan or North America.

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