Market & Industry
Automobile market rebound at year-end may increase annual growth rate in China

Tendency of automobile market rebound is becoming obvious. Yesterday, reporters learned from CPCA that passenger car sales volume has a significant increase with previous months in October, and professionals may change their pessimistic predicts towards automobile market in November and December at the same time.

Nov. 10 , 2015
New policy of vehicle purchase tax cut tax of 3.68 billion yuan in the first month, helping automobile market warming up

Data from State Tax Administration (STA) showed thatthe passenger car with displacement less than 1.6L segment has a sales volume of 919,000, increasing 7.7% and 11% with October last year and September this year respectively. Apart from several vehicles in process, 891,000 qualified vehicles have been cut tax of 3.68 billion yuan, with significant benefit effects.

Nov. 5 , 2015