Is China running out of cars?

Okay, maybe not
Dec 7, 2010

Here's a dilemma may Philippine-based car dealers would probably love to have: running low on vehicle stock not because of availability problems but because of surging demand.

TheTruthAboutCars.com said Beijing is facing a shortage in supply due to speculations that the Chinese government will impose a limit on new car registration next year.

As the rosy Chinese economy translates to increased buying power for the people, the public is also opting to get more comfortable in their daily commute. In Beijing where a number-coding system is being implemented to ease traffic, motorists are opting to get a second car.

"Every day, more than 1,000 cars are newly registered in the city," TheTruthAboutCars.com said. "Last year, Beijing added more than 400,000 cars. Now the rumor is that Beijing will only register 100,000 car plates in 2011."

No wonder everyone in China's scrambling to get a car.

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