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CAAM: Car sales in China grew by 11.4% in January-November

CAAM: Car sales in China grew by 11.4% in January-November

In January-November this year, China's automobile production and sales totaled 31.231 million units and 31.127 million units, up 11.9% and 11.4% year-on-year, respectively, 1.3 percentage points and 1.0 percentage points slower than the growth recorded in the first ten months, according to the China Association of Automobile Manufacturers (CAAM).

In November this year Year-on-year, China's automobile production and sales were 3.532 million units and 3.429 million units, up 2.8 percent and 3.4 percent year-on-year, up 5.1 percent and 3.2 percent month-on-month, respectively. China's monthly auto production topped 3.5 million units for the first time in November, reaching a new all-time high in a single month.

In the first 11 months, China's auto exports totaled 6.343 million units, up 18.7 percent year-on-year, while in November alone, China's auto exports totaled 728,000 units, exceeding 700,000 units in a single month for the first time. an increase of 48.5 percent year-on-year and an increase of 9.3 percent month-on-month.

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