China Car Boom

China is now out selling the United States vehicle market by
almost 2 to 1. (28m vs17m)

More importantly, due to restrictions, China manufactures 98% of the
vehicles sold in their domestic market while the U.S. only manufacturers
roughly half of the vehicles sold in the country.

Volkswagen said this week that it sold 3.98 million vehicles in China
in 2016.

General Motors delivered a record 3.87 million vehicles in China in 2016.

Ford also set a company record for China sales in 2016 with 1.27 million
vehicles, up 14 percent from the previous year.

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