China vehicle sales drop 15% in November
Shanghai, December 12 (Gasgoo.com) China's vehicle sales in November plunged 14.56 percent from a year earlier to 685,100 units, the China Association of Automobile (CAAM) announced Thursday.
The sales volume also marks a 4.26 pct month-on-month drop, the association said. Output for the month was 686,000 vehicles, down 18.14 pct year-on-year.
Passenger vehicle sales for the month fell 10.28 pct year-on-year to 522,800 units, while commercial vehicle sales fell 25.96 pct to 162,300 units, according to the CAAM.
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In the first 11 months, vehicle sales totaled 8.63 mln, up 8.52 pct from a year earlier. Year-to-date growth fell into the single-digit range for the first time since July 2005, the CAAM added.
Sales of the top ten best-selling-vehicle makers, including SAIC, FAW, Dongfeng, ChangAn, BAIC, GAIG, Chery, Brilliance, Hafei and Geely, sold a total of 7.2 million automobiles, accounting for 83 pct of the total volume.
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