Vehicle sales in China rose 20.3% year on year in October, the China Association of Automobile Manufacturers (CAAM) said, on track to beat the industry group’s growth forecast for 2013.
In September, sales rose 19.7%, Reuters noted.
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October’s growth reflects a recovery in China’s economy, but was also aided by a low base a year earlier, when a flare-up in anti-Japanese sentiment triggered by a territorial dispute between the two countries slashed sales of Japanese cars in China.
In the first 10 months of 2013, vehicle sales rose 13.5%, CAAM said.
The association has forecast 7% annual growth for this year.
In 2012, China’s vehicle sales grew 4.3% due to a slowing economy and weakness in sales of Japanese cars, Reuters added.
