China’s auto market is set to become the largest in the world over time, but its growth is set to slow considerably in the years ahead. According to a recent survey from McKinsey, from 2010 to 2015, vehicle sales in China increased by more than 12% a year. Looking out to 2020, the consultants project that the vehicle market will grow by an average of 5% a year. This is a dramatic slowdown from the 2005 to 2012 period when sales expanded at a CAGR of 18.1%. 2016 was a record year for the country’s auto industry. The official China Association of…
China Vehicle Sales Hit Record But Industry Can’t Make A Profit
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk