Car sales in China in October rose just 1.4% Y/Y and fell 7.5% from September as subsidies for...

|By:, SA News Editor
Car sales in China in October rose just 1.4% Y/Y and fell 7.5% from September as subsidies for purchases of energy-efficient cars wind down. The China Association of Automobile Manufacturers (CAMM) now sees the auto market growing less than 5% this year, down from 5% in July and 10-15% before that.