China’s October Auto Sales Rose 12.5% Yearly to 2.57 Million, Trade Group Says
Xu Wei
DATE:  Nov 11 2020
/ SOURCE:  Yicai
China’s October Auto Sales Rose 12.5% Yearly to 2.57 Million, Trade Group Says China’s October Auto Sales Rose 12.5% Yearly to 2.57 Million, Trade Group Says

(Yicai Global) Nov. 11 -- The number of vehicles sold in China rose for a seventh month in a row in October amid effective control of the coronavirus and a sustained economic rebound.

Vehicle sales jumped 12.5 percent last month from a year earlier to 2.57 million, the China Association of Automobile Manufacturers said today. Sales of new energy vehicles doubled to 160,000.

With the coronavirus well under control in the country, the world’s biggest auto market, consumers were emboldened to buy vehicles during the key sales months of September and October.

But in the nine months through October, sales fell 4.7 percent to 19.7 million, while NEV buys dropped 7.1 percent to 901,000, CAAM data showed.

Editor: Ben Armour, Xiao Yi

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Keywords:   CAAM,NEV,auto