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CAAM: China Sept auto sales fall 20% YoY


The performance of China’s automotive industry declined on year for the fifth consecutive month in September, with automotive sales and production dropping by 19.6% and 17.9% on year respectively, the latest data released by the China Association of Automobile Manufacturers (CAAM) published on October 12 showed.
By comparison with August however, last month's result were strong, the data showed, with total vehicle sales reaching 2.07 million units, up 14.9% from August, while output totalled 2.08 million units, jumping by 20.4% from the month before. In September, the shortage of auto-related semiconductors had eased slightly, resulting in


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