Car sales and production flat in China
18/11/2015
Sales increased 10% to reach the same figure.
This was due to a new policy of halving the purchase tax on passenger cars with engine capacities of 1.6L of less, said the association.
However, for the first ten months of the year, production was flat at 19.3 million units and sales were up 1.5% to 19.3 million.
In October, the sales of Chinese brand passenger cars reached 806,800 units, up 13.3% year on year, accounting for 41.7% of the total. During the month, sales of Chinese brand SUVs increased 82% to 347,500 units.
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