China Car Market Surpasses US

After Ford’s miserable January report, GM (GM) came in and said sales for the month were down 50% from last year.

The fall-off has so severe that it’s changed the balance of the world car market. China is now the #1 car market in the world, or at least it was for the month of January.

Chin up America, the cars on our roads don’t wind up in embarrassing crash test videos!

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at