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China used-car dealers in top gear

By Patti Waldmeir and John Reed

Published: February 4 2009 18:19 | Last updated: February 4 2009 18:19

China’s used-car market had a problem until recently: the Chinese motor industry was simply too young to have enough old cars.

A Chinese car market: ‘The global financial crisis hasn’t reached us yet,’ says Zou Jianqun, a veteran second­hand dealer in Shanghai
Now, despite the worst global motor manufacturing crisis for decades, China’s used-car industry is looking decidedly buoyant with old vehicles selling better than new ones.

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