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January Sales of Private Cars More Than Double Last Year

Private car purchases at Beijing Yayuncun Motor Market in January accounted for 78 percent of its total trade, according to Beijing Evening News. It was the highest percentage on record.

More than 100 cars are traded in the market each day. The sales volume in January was 130 percent higher than in the same month last year. Analysts believe the increase was because so many buyers had lost patience in waiting for new models of other cars, which should be available this summer.