Nation's car loan market set to double

1980s generation likely to lead borrowing boom

China's car loan market will almost double in the next three years despite challenges, according to industry experts.

"We expect the average loan penetration rate to hit 34 percent for volume brands and 45 percent for more expensive imported ones by 2018," said Mei Songlin, vice president and managing director of China Operations for J.D. Power Asia Pacific.