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China November car sales up 29%

09 December 2010 10:50 (UTC +04:00)

Baku - APA-Economics. Automakers in China shipped 1.3 million passenger cars to dealers in November, up 29.3% from a year earlier, the official China Association of Automobile Manufacturers (CAAM) said on Thursday, Moneycontrol.com reported.

That compared with wholesale car sales of 1.2 million units in October, up 27.1% from a year earlier, according to data provided by CAAM.

Break-neck expansion in the world’s biggest auto market has started to taper off from the second quarter as the government imposes measures to keep the economy from overheating.

But there has been an upturn in demand since August as many people rush to buy cars before the expiration of government’s policy incentives for small cars at the end of the year.

China’s Monthly year-on-year car sales growth since Jan 2010 Nov Oct Sept Aug July June May Apr Mar 29.3 27.1 19.3 18.7% 13.6% 19.4% 25.8% 33.2% 63.2%