September sales show massive impact from China’s tax cut

China's passenger car market continues to benefit from the government's small engine tax cut, but the looming expiration date has some industry players concerned. Figures from the China Association of Automobile Manufacturers (CAAM) show that light vehicle volumes in the January-September period were up 15% from last year at 16.752 million units. Like most other markets, China's momentum is led by the SUV segment. Segment sales for the year-to-date jumped 46%. MPV sales were up a much more modest 2.9% while crossovers fell 33.5%.