According to the China Association of Automobile Manufacturers, China’s automobile production and sales were 2.891 million units and 2.853 million units respectively in October. Production was up 1.5% MoM while sales were down 0.2% MoM. However, production and sales grew 11.2% and 13.8% year-on-year respectively. Automobile production and sales hit a new high for the same month in history after September.
From January to October, automobile production and sales were 24.016 million units and 23.967 million units respectively, a year-on-year increase of 8% and 9.1% respectively.



