Economy Events Country 2025-11-10T13:13:22+00:00

Car Sales in China Fall After Eight Months of Growth

Data from the China Passenger Car Association showed that car sales fell by 0.8% last month, ending an eight-month growth streak. The growth in electric vehicle sales also slowed, attributed to reduced government support and tax breaks.


Car Sales in China Fall After Eight Months of Growth

Data from the China Passenger Car Association showed on Monday that car sales fell by 0.8% to 2.27 million units last month, compared to a 6.6% increase in September last year. Car sales in China last October fell from the previous year, ending an eight-month growth streak, due to weak consumer confidence amid the reduction of tax exemptions and government support. With tax cuts on purchases reaching 30,000 yuan ($4,211.71) for electric and hybrid cars, the growth in sales of plug-in hybrid and electric cars slowed by 7.3% compared to a 15.5% increase in September.