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Mainland car sales to stay at full throttle

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What his new wife will think no one can say, but car salesman Wang Shiping regrets the timing of his spring wedding cost him an opportunity to earn more money from the booming car market.

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July, which is traditionally a low season for car sales, proved instead to be the fifth consecutive month that total vehicle sales exceeded one million units; and dealers and salesmen like Mr Wang believe the growing momentum will remain in August and for the rest of this year.

'We don't worry about dwindling customers,' said Chen Jianhui, the sales manager of a dealer that sells Shanghai Volkswagen's Passat and Lavinda in Guangzhou. 'Some are buying a car because they have earned money from the stock market and some are just following the crowd to own a car.'

China now has the only car market that is growing and will become the world's biggest by the end of the year. Market watchers expect that sales in the present largest car market - the United States - will not begin to pick up again until next year at the earliest.

By contrast it is expected that total sales on the mainland could reach 12 million vehicles by the end of the year, up from 9.38 million units last year.

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'I think the boom is the result of a mixed and fortunate coincidence,' said Tang Liang, who sells Nissan cars in Shanghai. 'Government taxation incentives and direct subsidies have also definitely helped.'

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