China’s automobile sales fall by 7% m-o-m in Nov’22

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China’s automobile sales fell by 7.1% m-o-m to 2.328 million units in Nov’22. Similarly, volumes were down by 7.9% y-o-y, as per the China Association of Automobile Manufacturers.
Auto production dropped by 8.2% m-o-m to 2.386 million units in Nov’22.
In Jan-Nov’22, production and sales volumes increased by 6.1% and 3.3% y-o-y to 24.628 and 24.302 million units respectively.

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