China's passenger vehicle sales continue to grow in October

16:57, November 07, 2009      

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China's auto market continued its robust growth in October, with monthly passenger vehicle sales jumped nearly 80 percent year on year to 923,154 units, China Daily reported on Saturday.

But on a month-to-month comparison, passenger vehicle sales in October dropped 8.1 percent from the previous month, according to figures released by China Passenger Car Association.

In the first 10 months, sales of cars, sports-utility vehicles, minivans and multi-purpose vehicles surged nearly 52.4 percent over the same period last year to nearly 8.08 million units.

"We expect full-year auto sales to touch 13.5 million with a year-on-year growth rate of 44 percent. That in turn, would make China the world's largest auto market for the whole year," said Rao Da, head of China Passenger Car Association.

In the first nine months, China's vehicle sales jumped 34 percent year on year to 9.66 million units. In breakdown, sales of passenger vehicles surged 42 percent to 7.24 million units while sales of commercial vehicles rose 15.6 percent to 2.42 million units.

Source: Xinhua
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