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China’s auto sales, production declines slow in Jan-Oct

China’s auto industry posted slower declines in both sales and production up to October compared with the paces over January-September, with the former down 9.7% on year and the latter down 10.4% on year, according to the latest statistics from the China Association of Automobile Manufacturers (CAAM) on November 11.
Over January-October, China’s auto sales continued to decline though at a slower pace, totalling 20.7 million units over January-October, as against the 10.3% year-on-year decline for January-September, and the auto production totalled 20.4 million units, as against the 11.4% year-on-year drop over January-September. “The year-on-year decrease in China’s auto sales is expected to ease further for

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