With the rapid economic development and increasing income level per capita after the reform and opening up in China, automobiles also keep increasing both in output volume and sales volume. China has become one of the most important automobile markets. The output volume and sales volume of automobiles in China ranked the first in the world from 2009 to 2012. Passenger vehicles are the most important composition of the automobile market in China, accounting for 80.26% of the total sales volume in 2012. The sales volume of passenger vehicles totaled 15.4952 million in 2012, increasing by 7.07% YOY, which is …
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