On November 11, the China Automobile Association released the production and sales data of the automobile industry in October 2013. According to statistics, the production and sales volume of automobiles in October was 1.916 million and 1,932,600 respectively, down by 0.6% and 0.2% respectively from the previous month, and by 20.7% and 20.3% respectively over the same period of the previous year. Following the significant increase in production and sales in September compared with the same period of last year, the growth rate in October continued to accelerate, showing an obvious peak season.
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Dong Yang, executive vice president and secretary general of the China Automobile Association, said that from the production and sales data of the first 10 months of this year, it far exceeded the growth forecast of 7% at the beginning of the year. From January to October, the production and sales of automobiles were 17.8544 million and 17.815.58 million, respectively, up 13.6% and 13.5% year-on-year. The growth rate was 0.8 percentage points higher than the previous 9 months.
· China Automobile Association: the growth rate of automobile production and sales in the first 10 months exceeded 13%