CPCA: Auto retail sales in China in Sept expected to rise by 8%

Monday, 21 September 2020 12:36:25 (GMT+3)   |   Shanghai

Automotive vehicle retail sales in China in September of the current year are expected to reach 1.915 million units, up eight percent year on year, according to the China Passenger Car Association (CPCA).

The CPCA said that, since September approaches the fourth quarter, the domestic economy is expected to remain steady and improve with the combined efforts of consumption, investment and exports. The Ministry of Commerce (MOC) will hold the national "Consumption Promotion Month" from September to October, which will further stimulate consumer demand. As a result, vehicle retail sales in September will continue their steady growth, the CPCA noted. 

Most Recent Related Articles

CAAM: Vehicles sales of major Chinese automakers down 24% in Oct 1-10

Valin Steel foresees higher Q3 profit amid better steel prices, bigger output

HBIS Resources expects sharp increase in net profit for Jan-Sept

CAAM: China's auto vehicle sales up 17.4 percent in Sept from Aug

Iron ore inventory at Chinese ports up 1.67 percent