The line chart shows the number of vehicles sold in US and China markets from 1980 to 2008.
In overall, the vehicle market in US seemed to face fluctuation;while in China, there is a upward trend.
US sold 8 million vehicle in year 1980 and dramatically increased to nearly 12 million in 1988. In 1992, there is a fall of 3 millions of number of vehicles sold. Then, it reaches it's peak of number of vehicles sold in year 2000, which is 13 million. Soon, it shows a decline again in the number of vehicles in the 4 years time. The fluctuation occuring might be due to the situation of the market at the moment. For example, the increase in price of petroleum causes residence to act in such a manner that most of them will choose to take public transport. Besides that, taxes such as vehicle tax and road taxes have been increasing year by year. Resident that find it to be a burden might just stop purchasing new vehicle.
China vehicle market shows a positive grow from year 1980 to 2008,20 years time. The number of vehicles sold show a sharp soar from year 2000 to year 2008, which is approximately of 2 million to 9 million. The decline in number of vehicles sold is less than 1 million. The standard of living of China changed a lot, in sense of getting better. Living a luxuries life is no longer the property of those in the Western. Vehicles such as luxury cars and sport cars are within their affortable area. Thus, it is not suprising that the number of vehicles owned by the residence increases too.
In overall, the vehicle market in US seemed to face fluctuation;while in China, there is a upward trend.
US sold 8 million vehicle in year 1980 and dramatically increased to nearly 12 million in 1988. In 1992, there is a fall of 3 millions of number of vehicles sold. Then, it reaches it's peak of number of vehicles sold in year 2000, which is 13 million. Soon, it shows a decline again in the number of vehicles in the 4 years time. The fluctuation occuring might be due to the situation of the market at the moment. For example, the increase in price of petroleum causes residence to act in such a manner that most of them will choose to take public transport. Besides that, taxes such as vehicle tax and road taxes have been increasing year by year. Resident that find it to be a burden might just stop purchasing new vehicle.
China vehicle market shows a positive grow from year 1980 to 2008,20 years time. The number of vehicles sold show a sharp soar from year 2000 to year 2008, which is approximately of 2 million to 9 million. The decline in number of vehicles sold is less than 1 million. The standard of living of China changed a lot, in sense of getting better. Living a luxuries life is no longer the property of those in the Western. Vehicles such as luxury cars and sport cars are within their affortable area. Thus, it is not suprising that the number of vehicles owned by the residence increases too.
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