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CHINESE MARKET


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Chinaโ€™s vehicle sales pick up in September as market revives

Read full article: Chinaโ€™s vehicle sales pick up in September as market revives

BEIJING โ€“ Chinaโ€™s vehicle sales including trucks and buses accelerated in September as the industryโ€™s biggest global market recovered from the coronavirus pandemic, an industry group reported Tuesday. Sales rose 17.4% over a year earlier to 2.6 million vehicles, up from Augustโ€™s 11.6% growth, according to the China Association of Automobile Manufacturers. It said SUV sales set a new monthly record and purchases of other passenger vehicles also rose but gave no details. In the first nine months of the year, sales declined 6.9% from a year earlier to 17.1 million, CAAM said. That hurts global automakers that are looking to China to propel sales growth.

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