China auto sales up 2.5% in September: industry group

SHANGHAI: China’s auto sales rose just 2.5 percent year-on-year in September, the slowest growth for any month this year, an industry group said Monday, as a weak economy took a toll on the world’s largest car market.

Total sales hit 1.98 million vehicles for the month, the China Association of Automobile Manufacturers said in a statement.

In August, auto sales reached 1.72 million vehicles, a year-on-year rise of 4.0 percent.

Although the group cited rising seasonal demand from the traditionally slow summer months, it added year-on-year growth was “relatively low” in September.

Passenger car sales alone rose 6.4 percent to 1.70 million vehicles in September, the association said.

For the first nine months of the year, sales of vehicles both passenger and commercial rose 7.0 percent to 17.0 million units, it said.

Source: APP