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MNI BRIEF: China Passenger Car Sales Up In November Y/Y

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MNI (BEIJING) - China sold 2.4 million passenger cars in November, up 16.5% y/y and 7.1% m/m, with new electric vehicles accounting for 52.3% of sales, according to data released by the Passenger Car Association on Monday.

From January to November 20.2 million vehicles were sold, up 4.7% y/y, the Association noted, with conventional fuel vehicles totalling 10.6 million, down 15% y/y.  Volume was boosted in recent months by the scrappage and replacement policies, as well as promotions during the double-eleven shopping festival and Guangzhou auto show, the Association said in a statement. 

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MNI (BEIJING) - China sold 2.4 million passenger cars in November, up 16.5% y/y and 7.1% m/m, with new electric vehicles accounting for 52.3% of sales, according to data released by the Passenger Car Association on Monday.

From January to November 20.2 million vehicles were sold, up 4.7% y/y, the Association noted, with conventional fuel vehicles totalling 10.6 million, down 15% y/y.  Volume was boosted in recent months by the scrappage and replacement policies, as well as promotions during the double-eleven shopping festival and Guangzhou auto show, the Association said in a statement. 

Keep reading...Show less