China Will Be the World’s Used Car Salesman

In 2018, China sold:

🚗28 million new cars
🚙Nearly 14 million used ones

With 300 million registered vehicles, it's only a matter of time before that ratio flips and used cars are resold https://t.co/fGvlpyX6zi

— Bloomberg Opinion (@bopinion) July 29, 2019