10 October 2012 15:19 [Source: ICIS news]
SINGAPORE (ICIS)--China’s vehicle sales totalled 1.62m units in September, representing a 1.8% drop year on year, but an 8.2% increase from August, official industry data showed on Wednesday.
The country’s vehicle production in September reached 1.66m units, up by 3.7% year on year and 10.6% higher month on month, according to data from the China Association of Automobile Manufacturers (CAAM).
On a year-on-year basis, China's passenger car sales in September fell by 0.3% to 1.32m units, while production rose by 6.1% to 1.35m units, the CAAM data showed.
Compared with August, September passenger car sales and production were up by 7.9% and 10.1%, respectively.
In the first nine months of 2012, vehicles sales in China stood at 14.09m units, up by 3.4% from the same period in 2011, while production increased by 5% to 14.13m units, the industry data showed.
Passenger car sales for the nine-month period increased 6.9% year on year to 11.3m in September, while production was up 8.4% to 11.4m, according to CAAM.
Car production and sales data is an indicator of base oil demand and plastic consumption in the manufacture of automotive parts.
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