Every two seconds, somewhere across China a customer takes delivery of a new car — part of a consumer buying blitz that will see China add 21 million new cars , trucks and buses to its fleet total in 2014. Short of a catastrophic economic downturn, a government edict against new car ownership, or draconian traffic congestion charges, a continuation of that growth rate means China will likely have a bigger motor vehicle fleet than the United States by 2020. Indeed, the combination of a low vehicle penetration rate — only 85 vehicles for every 1,000 people in China, compared with more than 800 per 1,000 in the U.S. — and […]