The end of Olympic traffic controls and rumours of a potential cap on vehicle numbers may be driving a surge in car sales in Beijing. The Chinese capital accounts for about a tenth of all car sales in the country.
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The China Daily today reported that auto sales at Beijing Asian Games Village Automobile Exchange had risen 30% this month. The business is China’s largest car market.
The Chinese report said that drivers in the country’s capital had begun to buy cars once more after authorities ended anti-pollution measures put in place for the Olympics. The measure has been blamed for a fall in national car sales in August and September – the first such falls in three years.
However, the report also drew attention to speculation in China that Beijing’s local authorities are considering plans to limit new vehicle registrations to 100,000 a year, about a third of the city’s average annual vehicle sales.
