China's auto price follows downward trend

Shanghai, November 16 (Gasgoo.com) According to the monitoring data from 36 large- and medium-size cities nationwide, China’s auto price in October still followed the downward tendency, with a slight decline in both domestically-made and imported vehicles, the National Development and Reform Commission announced.

The statistics from the nation's top economic planner show that the auto price of October saw a 0.3% declines from September’s and a 0.44% drop from a year earlier. Respectively, the price of passenger cars and commercial cars declined 0.18% and 0.61% from a month earlier and 2.42% and 2.21% from a year early, respectively.

It is also estimated that the downward price trend will rule the market in following months.