CAAM: China's auto market stays vibrant in Oct

China's automobile market continued to perform strongly in October, with both production and sales hitting their monthly record highs for October to date, according to the latest release by the China Association of Automobile Manufacturers (CAAM) on November 11.

During October, China's automobile output and sales jumped by 12.1% and 8.8% on year to reach 3.36 million and 3.32 million units respectively. When compared to September, the production and sales results in October also increased by 2.5% and 3% respectively, CAAM data showed. As this year's trade-in policy is about to expire by the year-end and the 10% tax exemption for new-energy