Another good month for car sales in China, the largest auto market in the world. Sales of passenger cars in October were up 23.62% compared to October 2012, good for a 1.605.700 new cars on the road in China. Production of passenger cars in October was up 24.34% to 1.591.800 million cars.
Total vehicle sales, including commercial vehicles, were up 20.34 percent in to a total of 1.93 million units. Total vehicle production was 1.916 million, up 20.74%. Sales of commercial vehicles topped 326.900 units, up 6.48% compared with last year.
Over the first 10 months of 2013, total vehicle sales were up 13.47% to 17.81 million units, divided by: passenger car sales up 15% to 14.51 million units, and commercial vehicle sales up 7.83% to 3.36 million units.
Most analysts, including us and ourselves, expect the current grown will continue in a similar or slightly faster pace over November and December.