Geely October vehicle sales jump 37.2%

Geely Automobile Holdings Ltd, a homegrown Chinese private car maker, said its October vehicle sales rose 37.2 percent from the same month last year.

In a filing with the Hong Kong bourse late on Tuesday, Geely said the total sales volume for October was 40,018 units of vehicles and was up 24.1 percent from September.
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The total sales volume in the first 10 months of 2010 was 314,998 units of vehicles, an increase of 27.8 percent from the same period last year, achieving 78.8 percent of its full year sales volume target of 400,000 vehicles in 2010, the company said.

Automakers in China shipped 27.1 percent more passenger cars to dealers in October than a year earlier, extending a rebound from August as people rushed to buy cars before Beijing's policy incentives expire at year-end.