China outpaces U.S. in January cars sales

The phenomenally weak market in the U.S. is setting record lows on a regular basis, and today is no exception: China has surpassed the U.S. in total car sales for the month of January. Conservative estimates for 2009 have the U.S. market selling 10.5 million or more vehicles, but so far this year the annualized rate only points to a tally of 9.5 million. China, on the other hand, is primed to hit 10.7 million units by year's end, reports The Globe and Mail. A confluence of events - the U.S.
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