Increase of China's auto sales lower than 20% this year

Judging from past experience, the fourth quarter is the golden season for auto sales in a year. However, the auto market experiences cold winter in the first month of the 4th quarter this year.

In October, a total of 374, 300 and 404,700 automobiles are produced and sold, 14.47 percent and 7.783 percent lower than the previous month respectively. A total of 147, 100 sedan cars are produced, 19.77 percent lower than last month; the sales of sedan cars is 7.99 percent lower as against September. This shows the auto enterprises¡¯ effort in cutting production has been effective to some extent. However, it is impossible for them to fulfill the objective of selling 3 million sedan cars in the year.

Source: By People's Daily Online