China sold 1.67 million passenger cars in Nov, down 9.5% y/y - CPCA

Follow us on Google News:

SHANGHAI (Reuters) - China's passenger vehicle sales totalled 1.67 million units in November, down 9.5% from the same period in 2021, the China Passenger Car Association (CPCA) said on Thursday.

Auto industry body officials expected consumers to rush to buy at the year-end before government subsidies and a purchase tax cut expire.

But the incentives did little to boost vehicle sales in recent months, with sales falling in November for the first time since May, as many of China's COVID restrictions remained in place last month, dampening demand and slowing production activities.U.S. electric vehicle maker Tesla sold 100,291 China-made cars in November, including 37,798 for export, CPCA added.

(Reporting by Zhang Yan and Beijing newsroom; Editing by Toby Chopra)


The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Featured Articles