Global Economic Forum Focuses on Inclusive Growth Strategies

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In many countries, especially domestically, almost everyone wants to own a car. But what are the reasons for buying one? Let's dive into some of the main reasons people in the country choose to purchase a vehicle. **Status** What’s the first step after buying a car? Posting on social media and showing it off to friends and relatives. Owning a car is seen as a status symbol, a way of displaying wealth. For some, not owning a car can make them feel inferior in social circles, especially in a country where consumer mentality often leans toward luxury. People prefer to buy a BMW rather than a Honda, and it's not uncommon to see someone driving a Mercedes but struggling to pay for basic expenses. This behavior often stems from insecurity, a way to satisfy one's vanity by making others envious. **Genuine Need for a Car** Cars provide significant convenience, no matter where you are. Having a car allows you to head out whenever you want—whether it's a weekend trip, picking up your parents for a meal, meeting up with friends, commuting to work, or running errands. For many, especially those born in the 80s and 90s or families with children, having a car offers unparalleled freedom. No need to rely on others; life is simply easier with a vehicle. **Crowded Public Transportation** In some major cities, this issue is particularly severe. For instance, in places like Beijing, during peak hours, taking the subway or chasing after a bus can be exhausting, especially in bad weather. Owning a car solves many of these problems: no more waiting in the cold during winter or racing after buses in the summer heat. Your car is always ready, making daily life much more convenient. **For Fun** The domestic market offers an increasingly wide variety of youthful and dynamic car models, including off-road vehicles and performance cars, catering to people who want to enjoy the thrill of driving. Many people care about the performance and capabilities of their cars, which can make driving more exciting. **Forced by Circumstances** In today's society, young people who are planning to get married may feel pressured if they don’t own a house or car. In some cases, even parents get involved in these decisions. Though the finances might be tight, many feel compelled to buy a car first, even if it means stretching their budget. **Business Needs** For some, having a car is essential for work. Whether it’s picking up clients, going to meetings, or running a small business that requires transporting goods, a car can make daily tasks much more efficient. Living far from work or clients also makes public transport inconvenient, further driving the need for a personal vehicle. **END** This article was first published on the WeChat public account: 30 Seconds to Understand Cars. The content represents the author's personal views and does not reflect the stance of Hexun.com. Investors should act at their own risk.