China's passenger car sales continue to rise

0 Comment(s)Print E-mail Xinhua, November 15, 2020
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China's passenger car sales continued to expand in October, as the better-than-expected economic recovery and export market has stabilized consumer confidence.

Retail sales of China's passenger vehicles, including sedans, sport-utility vehicles, minivans and multipurpose vehicles, rose 8% year on year to 1.99 million units last month, according to the China Passenger Car Association.

The October sales was up 4.1% month on month thanks to effective local sales promotions and positive market sentiment, said the association.

China's auto industry has recovered steadily from the COVID-19 epidemic due to the country's effective containment measures, which helped boost consumer sentiment.

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