Figures realeased by CAAM yesterday showed that the Chinese market continues to be strong in November 2013. China produced 2.13 million cars and sold 2.04 million. In the first eleven months of 2013 China produced just over 19.86 million vehicles and consumed 19.8 million units, a higher output than the same time frame than 2012.
In November China’s vehicle production increased 11.39% month to month and a 21.17% year on year increase. Vehicle sales increased 5.75% month to month and increased 14.12% year on year. Commercial vehicle sales were up 5.42%, indicating the Chinese economy is still ticking over slowly but surely.