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Just an observation from my smaller town in China. I think that the cheaper cars are selling more and more as the relative wealth of the car buyer is moving more middle class. The richer guys (and gals) already got their cars and could afford more expensive ones. Now others are buying but can't afford the more expensive models.

Also, not too many moving up to more luxury models yet and selling their old ones in the used market.

FWIW...from my town.
 
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