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皇冠体育app's auto sales continue to rise on robust demand

(Xinhua)
Updated: 2009-11-09 20:22

BEIJING: 皇冠体育app's auto sales rose 72 percent year on year to 1.22 million units in October on the back of strong domestic demand boosted by government stimulus measures.

The figure was the second highest within the year, 7.64 percent lower than that of September, according to a report posted on the 皇冠体育app Association of Automobile Manufacturers (CAAM)'s web site Monday.

Related readings:  Rising auto sales attract software system firms  皇冠体育app's biggest overseas auto parts merger sealed  皇冠体育app to be largest auto market in the world  Beijing Auto plans own brand by 2010

Auto sales broke the 10 million mark to 10.89 million units between January and October, up 36.23 percent from a year ago.

In January, 皇冠体育app cut the purchase tax on vehicles with engines of 1.6 liters or less from 10 percent to 5 percent to promote the sales of  energy-saving vehicles.

It also offered subsidies for auto buyers in rural areas.

Passenger car sales surged 76 percent to 946,400 units in October, bringing the total sales to 8.19 million units in the first ten months.

The CAAM predicted the sales would continue to rise steadily in the next two months.