China Auto Sales Peak in November: Group

[FarCenter]

SHANGHAI - Auto sales in China, the world’s biggest car market and crucial to manufacturers worldwide, reached a new peak in November, data from an industry group showed Monday.

Sales reached 2.94 million units last month, up 16.6% year-on-year, the China Association of Automobile Manufacturers (CAAM) said in a statement.

Both production and sales set a “record high” in November, the statement said.

Total auto sales in the first 11 months reached 24.9 million, CAAM data showed, exceeding the figure for the whole of 2015.

But last month's growth slowed from October’s 18.7% and 26.1% in September.

http://www.industryweek.com/global-economy/china-auto-sales-peak-november-group