Rising oil price has impact on consumers

The Nielsen Company conducted a survey of consumers intending in Shanghai, Beijing, Guangzhou and some other Chinese cities. 70% of the surveyed consumers haven’t got a car, while one third of this group plan to.

However, due to the surging oil price, consumers have started to reconsider their car buying plan, with 25% delaying the purchase, and 22% giving up. Of the consumers sticking to their vehicle buying plan, 18% target fuel-efficient cars considering high oil price, while still one fourth say they don't care about the oil price.

By Kelly From: Gasgoo.com