China October vehicle sales rise 20% at 2.2 million
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Passenger vehicle sales in China to retail customers rose 20 percent in October from a year earlier, the China Passenger Car Association (CPCA) said on Tuesday.
Auto retail sales totalled 2.2 million vehicles in October, CPCA said in a statement on its website. For January-October, passenger car sales rose 15.2 percent versus the same period in 2015, it said.
The China Association of Automobile Manufacturers, whose statistics are generally viewed as the benchmark for the industry, is due to report wholesale data for October on Thursday.
The CPCA predicted 13 percent growth in passenger car sales for 2016, state media reported earlier on Tuesday.
Questions & Answers
Q.What was the total number of passenger vehicle sales in China during October?
What was the total number of passenger vehicle sales in China during October?
Auto retail sales reached 2.2 million vehicles in October. This figure represents a 20 percent increase compared to the same month last year, according to the China Passenger Car Association.
Q.How much have passenger car sales grown over the first ten months of the year?
How much have passenger car sales grown over the first ten months of the year?
From January to October, passenger car sales increased by 15.2 percent. This growth is compared to the equivalent period in 2015, as reported by the CPCA.
Q.Which organisation provides the benchmark statistics for the Chinese automotive industry?
Which organisation provides the benchmark statistics for the Chinese automotive industry?
The China Association of Automobile Manufacturers (CAAM) typically provides the benchmark statistics for the industry. CAAM is expected to release its wholesale data for October on Thursday.
Q.What is the predicted growth rate for passenger car sales in China for the full year?
What is the predicted growth rate for passenger car sales in China for the full year?
State media reported that the CPCA predicted a 13 percent growth in passenger car sales for the entirety of 2016. This forecast was released earlier on Tuesday.
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