12/8/2022, 9:48 AM (Source: TeleTrader)
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China's car sales down by 9.2% to 1.65M in November

The China Passenger Car Association (CPCA) revealed on Thursday that the retail sales of passenger vehicles in the country observed an annual decline of 9.2% in November to land at 1.65 million.

Compared to October, the figure decreased by 10.5%, the first monthly decrease recorded in November since that month in 2008.

On the other hand, the sales of new-energy vehicles soared by 70.2% on an annual basis and 7.9% on a monthly one to reach 730,000 units. Meanwhile, Tesla Inc. sold 100,291 units, up by 28,587 compared to October's figure.

Baha Breaking News (BBN) / JR