CAAM: China’s Sept auto sales surges 13% on year
Oct 15, 2020 09:30
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Both sales and production of automobiles in China saw significant on-year and on-month rises in September, mainly thanks to a series of stimulus policies and promotion activities to lift auto consumption according to the latest statistics from China Association of Automobile Manufacturers (CAAM) released on October 13. The longer-than-usual National Day holiday over October 1-8 also gave a fillip to September sales, Mysteel Global notes.
In September, domestic auto sales increased by 12.8% on year or 17.4% on month to reach 2.6 million units, while production gained by 14.1% on year or 19.1% on month to top 2.5 million units, CAAM’s data showed. Last month’s results showed that China’s auto output and sales have enjoyed