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China’s passenger vehicle sales up 11.7 percent in October

 

BEIJING – China’s passenger vehicle sales rose 11.7 percent year-on-year to 1,249,307 units in October, according to data released by China Passenger Car Association (CPCA) on November 7.

Combined passenger vehicle sales in the first 10 months of the year were 11,702,513 units, up 5.9 percent on a yearly basis.

Sales of car, MPV and SUV segments reached 871,227, 45,846 and 157,028 units with respective increases of 11.9, 7.4 and 15.6 percent from last October. Microvan sales in the month also saw a growth of 8.2 percent to 175,206 units.

The data showed the top three passenger vehicle makers in China were FAW-Volkswagen, SAIC-GM-Wuling and Shanghai-GM with sales of 119,034, 118,044 and 117,611 units.

CPCA said the wholesale of locally assembled Japanese brand passenger vehicles in October dropped 34.5 percent month-on-month and 56.5 percent year-on-year.

In addition, sales of the major Japanese brands including Toyota, Honda, Nissan and Mazda in China continued to plunge during the month.

In the first 10 months of the year, Honda was the only Japanese brand that saw a sales growth of 2.7 percent by selling 494,108 vehicles in China, while sales of Toyota, Mazda and Nissan decreased 1.1, 9 and 0.4 percent to 685,900, 157,600 and 1,011,600 units compared with the same period last year.

CPCA secretary-general Rao Da told CBU/CAR on November 4 that China’s automobile sales this year will be around 19 million units.

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