The Chinese automotive market, which has been active since the second half of the year, continued to rise in November. 2,11 million passenger cars, SUVs and multi-purpose vehicles were sold in the country in November.
According to the statement made by the China Passenger Car Association (PCA), the number of vehicle sales increased by 7,8 percent compared to a year ago. As it is known, the automobile release significantly declined during the periods when the corona crisis reached its peak in China, especially during the house shutdown process. Meanwhile, China has fought effectively against the virus epidemic; moreover, the government strongly encouraged consumption. Therefore, the sector started to rise again.
Last week, the China Association of Automobile Manufacturers (CAAM) released tentative November data. Accordingly, vehicle sales to retailers seem to have increased by 11,1 percent compared to the same month of the previous year.
Source: China International Radio