China's auto market is going to be huge - for Detroit

If you think things are great for automakers in the US market, you'd be right. Analysts expect 17 million new cars and trucks to be sold here in 2015.

But as good as that sounds, China sounds even better.

For Detroit!

Sterne Agee auto analysts Michael Ward offered this insight in a research note published Wednesday:

China's auto market is great for General Motors and has been for some time. Ford, after lagging competitors in China, has caught up fast. And of course both GM and Ford really know what they're doing when it comes to SUVs and crossovers. As in the US, and as Ward pointed out, these vehicle categories are a sweet spot for the Chinese market.

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