Key facts
- China Passenger Car Association said October passenger vehicle exports rose 68.2% to 932,000 from a year earlier.
- September export growth was 73.2%, according to the same data, meaning October's increase slowed.
- Domestic passenger vehicle sales fell 27.3% year on year in October to 1.65 million cars.
China's passenger vehicle exports rose to 932,000 in October, up 68.2% from a year earlier, the China Passenger Car Association said on Monday, November 9. The increase slowed from September's gain of 73.2%, according to data from the association.
Domestic passenger vehicle sales fell 27.3% year on year to 1.65 million cars in October, a 12th consecutive month of declines. The drop narrowed from September's 28.1% fall, the association said.
The report said the persistent domestic decline is pushing automakers to expand overseas, which it said points to the prospect of fiercer competition abroad.