SINGAPORE (ICIS)--China’ s vehicle sales in September reached 2.56m units, up by 26.1% year on year and up by 23.5% month on month, official industrial data showed on Wednesday.
Its vehicle production in September stood at 2.53m units, rising by 32.8% year on year and up by 26.8% compared with August, according to China Association of Automobile Manufacturers (CAAM).
September’s sales of passenger cars increased by 28.9% year on year and 26% month on month to 2.27m unit.
In January-September, the country’s total vehicle sales increased by 13.2% year on year to 19.36m units.
Total sales of passenger cars in the first nine months were up by 14.8% at 16.75m units, the data indicated.
The automotive industry is a major global consumer of petrochemicals which contributes more than a third of the raw material costs of an average vehicle. ICIS tracks the movement of petrochemical raw material costs in auto production both globally and regionally with the weighted ICIS Basket of Automotive Petrochemicals (IBAP).
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