China Economy

China passenger vehicle sales rise 8.75pc in November

PUBLISHED : Monday, 10 December, 2012, 2:55pm
UPDATED : Monday, 30 May, 2016, 5:01pm

Chinese monthly passenger-vehicle sales rose to the highest in almost two years, beating analyst estimates, as consumer confidence improved with the economy and dealerships increased discounts to reduce stockpiles.
Wholesale deliveries, including multipurpose and sport utility vehicles, gained 8.75 per cent to 1.46 million units last month, the China Association of Automobile Manufacturers said. That beat the 1.42 million average estimate of seven analysts surveyed by Bloomberg.