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Thematic (Sector/Industry)

China Automobiles / Thematic (Sector/Industry)

<ul><li>Factory sales to distributors of passenger cars in China, the world’s largest automobile market, are on track to decline in November</li><li>Retail sales of passenger cars also fell during the first twenty days of November, dropping 4% year-on-year to 859,000 units, according to the association</li><li>Last month, factory sales of passenger cars rose 11% year-on-year, extending a deceleration from June when growth hit 42.3% due to easing of Covid outbreaks and government tax benefits</li></ul>

Factory sales to distributors of passenger cars in China, the world’s largest automobile market, are on track to decline in NovemberRetail sales of passenger cars also fell during the first twenty days of November, dropping 4% year-on-year to 859,000 units, according to the associationLast month, factory sales of passenger cars rose 11% year-on-year, extending a deceleration from June when growth hit 42.3% due to easing of Covid outbreaks and government tax benefits

Covid Lockdowns Set to Snap China’s Car Sales Winning Streak