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Altering client attitudes and macroeconomic headwinds are slowing growth in China’s automobile market. Since then, a number of auto makers have tossed their hats into the hybrid ring, the earliest being Honda’s hybrid model of the Civic sedan in 2002 and Ford’s hybrid take on the Escape that grew to become the first SUV hybrid, introduced in 2004.
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Despite the slowing development in China’s auto market, vast numbers of individuals are prepared to purchase new automobiles and pay for after-gross sales services. Auto gross sales are anticipated to say no again in 2016, for the fourth consecutive 12 months, because of rising unemployment, excessive rates of interest, tight credit, and economic uncertainty.