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The Chinese market maintained a robust pace in September 2023 with Light Vehicle (LV) wholesales increasing by 8% year-on-year (YoY) to 2.8 million units. At a component level, Passenger Vehicle (PV) sales (i.e., wholesales) increased by 7% YoY to 2.5 million units in the month. At the same time, the Light Commercial Vehicle (LCV) sector grew rapidly by 20% YoY, with sales of 0.3 million units. On a month-on-month (MoM) basis, PV sales increased by 9%, while LCV demand was boosted by 20% in September.

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