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China’s automobile sales up 20.34 percent in October

BEIJING – China’s automobile sales in October rose 20.34 percent year-on-year to more than 1.93 million units, according to data released by China Association of Automobile Manufacturers (CAAM).

Combined sales of the top 10 automakers in the month totaled 1.71 million units, accounting for 88.7 percent of the total sales.

A total of 1.6 million passenger vehicles (including passenger cars, MPVs, SUVs and microvans) were sold in October, up 23.62 percent from the same month of the previous year. Passenger car sales were 1.05 million units, up 17 percent, and SUVs 284,200 units, up 73.1 percent.

Sales of MPVs continued to increase to 135,300 units, up 220 percent, but those of microvans dropped 32.27 percent to 127,300 units.

Passenger vehicle sales of Chinese brands in October climbed by 11.11 percent on a yearly basis to 650,700 units, but their market share was down by 4.57 percentage points to 40.52 percent.

Sales of Chinese brand passenger cars reached 299,600 units, up 5.78 percent, but their market share dropped by 3 percentage points to 28.29 percent.

Combined sales of the top 10 passenger vehicle makers were 959,800 units, taking up 59.77 percent of the total passenger vehicle sale.

Sales of commercial vehicles (including buses, trucks, semi-trailers, bus chassis and truck chassis) in October totaled 326,900 units with an increase of 6.48 percent year-on-year, the data shows.

Bus sales reached 38,100 units, up 14.17 percent, and truck sales were 216,700 units, up 0.57 percent.

Combined sales of the top 10 commercial vehicle makers were 245,400 units, accounting for 75.07 percent of the total commercial vehicle sales.

China’s automobile sales in the first 10 months of the year came to 17.82 million units, an increase of 13.47 percent compared to the same period of last year. Passenger vehicle sales were 14.46 million units, up 14.99 percent, and commercial vehicles 3.36 million units, up 7.38 percent, according to the data.

In export, Chinese automakers sold a total of 89,500 vehicles in the overseas market in October, up 3.3 percent on a yearly basis, said CAAM.

Passenger vehicle export volume continued to decline to 58,500 units in the month, down 3.5 percent, while commercial vehicle export volume was up 19.8 percent to 31,000 units.

In the first 10 months of the year, cumulative overseas delivery of China’s automobiles dropped 7.5 percent to 806,200 units.

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