Report: China’s passenger car sales down 28% YoY in first 3 weeks of Nov-Shanghai Metals Market

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Report: China’s passenger car sales down 28% YoY in first 3 weeks of Nov

Data Analysis 02:30:48PM Nov 30, 2018 Source:SMM

Sales of passenger vehicles in China slumped 28% year on year in the first three weeks of November, said Cui Dongshu, general secretary of the China Passenger Car Association (CPCA) to the Economic Observer Online on Friday November 30.

CPACA data showed that about 35,000 passenger cars were sold per day in the first week of this month, down 41% compared to a year earlier.

Average daily sales came in at 51,600 units in the second week with a smaller year-on-year decline of 23%.

In the third week, average daily sales of 52,300 units stood 24% lower from the same period last year.

Report: China’s passenger car sales down 28% YoY in first 3 weeks of Nov

Data Analysis 02:30:48PM Nov 30, 2018 Source:SMM

Sales of passenger vehicles in China slumped 28% year on year in the first three weeks of November, said Cui Dongshu, general secretary of the China Passenger Car Association (CPCA) to the Economic Observer Online on Friday November 30.

CPACA data showed that about 35,000 passenger cars were sold per day in the first week of this month, down 41% compared to a year earlier.

Average daily sales came in at 51,600 units in the second week with a smaller year-on-year decline of 23%.

In the third week, average daily sales of 52,300 units stood 24% lower from the same period last year.