Editor's note: This story is part of the WardsAuto digital archive, which may include content that was first published in print, or in different web layouts.
The China Passenger Car Assn. says the country’s overall economic recovery helped October new-passenger-vehicle sales climb 11.7% year-on-year to 1.25 million units.
The government’s Xinhua news agency says 10-month deliveries rose 5.9% to 11.7 million units. That total includes SUVs, which saw sales jump 24.2% to 1.46 million units.
Production grew 1.1% in October to 1.26 million units, leaving year-to-date output up 7.3% to 12.5 million units.
Local brands’ market share increased from 26.4% in August to 33.9% October. The association credits more-competitive pricing and aggressive research-and-development spending.
“China's homegrown auto makers may have passed through the most difficult time,” the association says in a statement.
