Biz / Auto

China's auto sales rise 2 percent in October

China's auto sales posted a slower growth in October compared with September amid weak market sentiment due to consumers' preference of buying in the rest of this year.

China's auto sales posted a slower growth in October compared with September amid weak market sentiment due to consumers' preference of buying cars until the last two months of this year.

Overall car sales reached a total of 2.7 million units in October, up 2 percent year-on-year. The growth rate is slowing from 5.7 percent in September, according to data from the China Association of Automobile Manufacturers showed. 

In the first ten months of the year, auto sales rose 4.1 percent to 22.92 million units, data from the association showed.

Auto sales have been relatively strong in September due to promotion efforts and auto shows held in some regions. While sales figure in October showed a flat market demand.

Passenger car sales climbed only 0.4 percent to 2.35 million units in October, with those of commercial vehicles rose 14.8 percent to 351,000 units.

Sales of new-energy vehicles jumped 106.7 percent to about 91,000 units in October, faster than a 79.1 percent in September. In the first ten months of this year, sales of new-energy vehicles soared 45.4 percent to 490,000 units.

Industry insiders predicted that auto sales may grow in the last two month of this year due to the rising demand prompted by Guangzhou Auto Show.


Special Reports
Top