China auto sales slightly Down in October

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Passenger car sales in China dropped 0.73 percent month on month to hit 1.61 million units in October, according to data from the China Association of Automobile Manufacturers.

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Auto production shrank to 1.59 million vehicles in October, a decrease of 4.48 percent from September. The MPV-segment was hurt most with a drop of 7.4% in sales.

Year-on-year shows a better picture, sales up 5.3% and production up 1.1%

The ‘independent brands’ (Chery, Geely, etc) saw a 4.2% growth in sales compared with September and a hefty 17.5% year-on-year. The China-Japan island row is likely partially responsible for the ‘flight’ to Chinese-Chinese automobiles.

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Via: CAAM.

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