China Nov auto output up 3.8%, sales down 3.6% on year
Dec 11, 2019 15:30
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China’s auto production for November posted the first year-on-year increase since June 2018, up 3.8% on year or 13% higher on month to about 2.6 million units, and the auto sales went down 3.6% on year though still down 7.6% on month, according to the latest statistics from the China Association of Automobile Manufacturers (CAAM) on December 10.
The positive growth in November auto production “on the one hand reflected that auto manufacturers have started to accelerate their production to build up some stocks after the continuing declines in stocks early this year, and on the other hand indicated the recovery in the market sentiment”, Chen Shihua, CAAM’s