BUSINESS China's auto sales rise 12.5% in October

BUSINESS

China's auto sales rise 12.5% in October

Xinhua

17:02, November 11, 2020

A salesperson introduces the Hongqi HS5 model from FAW to customers at the 17th China Changchun International Automobile Expo in Changchun, Northeast China's Jilin province, on July 13, 2020. (Photo: Xinhua)

BEIJING -- China's October auto sales rose 12.5 percent year-on-year to 2.57 million as the market warmed alongside government policies to spur consumption, data from an industry association showed on Wednesday.

The rise marked the sixth consecutive month of double-digit year-on-year growth. Auto sales rose 0.1 percent on a monthly basis, according to the China Association of Automobile Manufacturers.

Auto sales totaled 19.7 million in the first 10 months, down 4.7 percent year-on-year.

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