China Association of Automobile Manufacturers: Production and sales of automobile industry in October 2024

According to the analysis of the China Association of Automobile Manufacturers, in October, the national policy of replacing old cars with new ones had a significant effect on driving automobile consumption. Auto shows and promotional activities were in full swing in many places, and companies launched new models intensively, which pushed the auto market to continue to rise. Auto sales in October increased both month-on-month and year-on-year. Among them, the passenger car market continued to improve driven by a number of positive factors, while the commercial vehicle market performed relatively weakly. New energy vehicles and automobile exports still maintained rapid growth.