China auto sales growth accelerates in October

Afp
Tuesday 09 November 2010 01:00 GMT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

China's auto sales remained robust in October as total sales in the first 10 months overtook those for the whole of 2009, according to data released by an industry group on Tuesday.

Vehicle sales totalled 1.54 million units in October, up 25.47 percent from the same month a year earlier, the China Association of Automobile Manufacturers said in a statement on its website.

The growth was faster than the year-on-year increase of 16.9 percent seen in the previous month but sales were slightly down from 1.56 million units in September, according to the semi-official association.

China's auto sales for 2009 hit 13.64 million units as the nation took over the title of the world's top auto market from the United States.

Auto sales for the period of January to October totalled 14.67 million units, up 34.76 percent from a year earlier.

After last year's breakneck growth, sales had slowed in the summer months, partially due to seasonal factors, but 2010 is still forecast to see 17 million units shifted - an increase of about 25 percent year-on-year.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in