90% of Buicks in China Are Bought for Cash
Published Thursday, 29 April, 2010 by Blake Arbogast. Categories: Buick.
Here in the United States, the majority of new car sales are financed, and very few people will buy a car with cash. The exact opposite is true in China. Over 90% of new car sales are conducted for cash and that's quite a lot considering that Buick dealers in Beijing, Shanghai, and other large cities, typically sell over 2,000 cars a year. Another factor that's different in China is the rate in which Buicks are sold. A Buick, on average, will spend less than 20 days on a lot. An exception to that is the Enclave. Because they're imported from the U.S., the Buick Enclave is priced higher and it is only available by special order.
Tags: buick
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