Automobile sales in China rose 19.8% in November to 2.42M units, according to the Passenger Car Association.
Demand in China has been impacted by a tax cut that is due to expire at the end of the year. The government hasn’t announced yet if the tax break will be extended.
Chinese automakers Geely Automobile, Guangzhou Auto and Great Wall Motors all saw huge market share gains during the month.
Auto sales are up 15.7% YTD to 21.1M units to mark an annual record with another selling month still to go.
