HMC - China's vehicle sales rose 12.8% in Golden September

As market revives, China’s vehicle sales rose 12.8% Y/Y to 2.57M vehicles, up from August’s 11.6% growth, according to the China Association of Automobile Manufacturers ((CAAM)).Sales of passenger vehicles rose 8% for the month.For the first nine months, sales declined 6.9% Y/Y to 17.12M, vs. an improvement over the 9.7% contraction for the first eight months.Geely Automobile Holdings (GELYF), Great Wall Motor (GWLLY) and Toyota Motor (TM) booked double-digit growth.Auto insiders refer to “Golden September, Silver October” as they regard the months as the high season for China sales, with drivers venturing out to make purchases having stayed away during the stifling summer months.Monthly automobile sales in China from August 2019 to August 2020 (in 1,000 units):Sector watch: Nio (NIO), Great Wall Motor ([[GWLLF]], [[GWLLY]]), BYD (BYDDY), Kandi Technologies (KNDI), Geely Automobile (GELYF), Volkswagen (VWAGY), Daimler (DDAIF), Ford (F), Guangzhou Automobile Group (GNZUF), Toyota (TM), Nissan (NSANY), Honda (HMC), Tesla (TSLA),

For further details see:

China's vehicle sales rose 12.8% in Golden September