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23 million cars were sold in China last year, and that figure was lower than usual because of COVID. https://www.factorywarrantylist.com/car-sales-by-country.h
by resolutebat 3y ago
23 million cars were sold in China last year, and that figure was lower than usual because of COVID.
https://www.factorywarrantylist.com/car-sales-by-country.html https://www.factorywarrantylist.com/car-sales-by-country.htm...
Meanwhile, the number in all of Africa combined was 790,100.
https://www.statista.com/statistics/473598/passenger-car-sales-in-africa/ https://www.statista.com/statistics/473598/passenger-car-sal...
I'm sure they'll ship some off to Africa if they can't find any other options, but as you say they're competing against used clunkers from Europe, so the margins will be terrible.
- pjc50 3y agoYeah, Africa has two problems: lack of money, and high import tariffs (usually in response to the lack of foreign currency).
- red-iron-pine 3y agoand logistics -- outside of big coastal cities its a lot harder to move them inland in bulk.