Yesterday, the latest statistics released by the China Association of Automobile Manufacturers show that in November, the production and sales of domestic cars were significantly better than that of the previous month. The monthly growth rate and the year-on-year growth rate were different, with passenger cars growing faster than commercial vehicles. In November, domestic automakers produced 1.761 million vehicles, an increase of 10.99% from the previous period and a year-on-year increase of 3.92%; sales of 1.791 million vehicles, an increase of 11.52% from the previous period and an increase of 8.16% from the same period last year.
Statistics also show that from January to November this year, the domestic car production and sales maintained a slight increase year-on-year, and it is expected that the annual production and sales will exceed 19 million vehicles. From January to November, domestic automobile production and sales amounted to 17.482 million and 17.4922 million, which was a year-on-year increase of 4.51% and 4.03% respectively. In addition, the sales volume of Japanese joint ventures increased rapidly in November from the previous month, of which GAC Toyota, FAW Toyota, and Dongfeng Honda all increased by more than 100%.
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