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Chinese Auto Sales Continue to Decline in October

Auto News - Published on Tue, 12 Nov 2019

Image Source: steelguru
China Association of Automobile Manufacturers announced that China's auto outputs and sales in October slid 1.7% and 4.0% from the previous year. For the first ten months, auto outputs and sales fell 10.4% and 9.7% year on year respectively. CAAM said “The overall market was seeing a limited rebound in outputs and sales for October. The PV sector still came under pressure from the unimproved market demands, while the CV sector has maintained a good rising momentum thanks to the speed-up phase-out of old products and driving forces of investments.”

HeadingOct'19YoYMoMJan-Oct'19YoY
Outputs2,295,000-1.7%3.9%20,444,000-10.4%
PV1,938,000-3.2%3.9%17,012,000-12.1%
CV358,0007.7%3.9%3,432,000-1.3%
Sales2,284,000-4%0.6%20,652,000-9.7%
PV1,928,000-5.8%-0.2%17,174,000-11.0%
CV357,0007%4.8%3,478,000-2.5%
 

Source - CAAM

Source :

Posted By : Arun Huidrom on Tue, 12 Nov 2019
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