China’s Q4 Vehicle Sales Seen Rising: Herald

China's commercial and passenger vehicle sales are likely to increase in Q4 due to consumption policy measures, increasing investment, and new product releases, the 21st Business Herald reported on Wednesday citing the China Association of Automobile Manufacturers. The production and sales of automobiles rose for the sixth month at 14.1% and 12.8% y/y respectively in September, the newspaper said citing data from the CAAM. The consumption potential for low-end domestic products has not yet been realized due to unemployment and reduced incomes, the newspaper said citing the CAAM. The new-energy vehicle market showed a steady recovery through reaching 48% and 67.7% y/y growth in production and sales in September, following promotions by both the government and businesses.