Thursday, April 24, 2008

Buy that first car and the rest will follow

A story about upward mobility – in China. Since 2000, car sales in China have increased eightfold, and a good portion of that increase comes from people who have never owned a car before.

Anecdotally you’d think the increased mobility of having an automobile would rapidly transform Chinese culture, especially in rural areas. It has. The biggest difference? Better chances to meet girls and marry.

In Africa, where some people are beginning to consistently make more money, I can’t prove it but I have to believe that car sales are also increasing. So, Africans you have this to look forward to.

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