SHANGHAI :China's automobile sales in November tumbled by almost 8 per cent from a year before, as an expected buying rush before government incentives expired failed to appear, putting the world's largest vehicle market on track to end the year on a low note.
November was the first month since May to show an annual fall. The result compared with a 6.9 per cent rise seen in October. Total auto sales in the first 11 months were 3.3 per cent higher than in the same period last year, CAAM data showed.Industry body officials have been expecting buyers to rush to vehicle salesrooms before government subsidies and a purchase-tax cut expire at the end of the year.
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China's November vehicle sales fell 7.9% - industry bodySHANGHAI : China's vehicle sales in November fell 7.9 per cent year-on-year versus a gain of 6.9 per cent in the previous month, the China Association of Automobile Manufacturers (CAAM) said on Friday. At its monthly press conference, the industry association also said vehicle sales from January to Novemb
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