China: Passenger vehicle sales down 4.2% – CPCA

China posted the steepest decline in passenger vehicle sales since 2008, with numbers dropping by 4.2% year-on-year to 1,111,263 units in October. According to the China Passenger Car Association (CPCA), last month's sales were also down compared with September 2011 by 12.9%. "The Golden Week (national day) holidays, the cooling economy It’s time to log … Continued

• By Webmaster
• November 8, 2011