Ready consumer cash fueling robust sales

Real estate policies tighten, carmakers in overdrive to tap big-ticket spending

Some 1.5 million light vehicles were sold in China in September, the highest since March. The 19 percent year-on-year growth was beyond our expectations, as we had previously anticipated a slowdown into the single digits.

Passenger vehicle sales increased 24 percent to 1.1 million, with the largest growth coming in the luxury car, SUV and MPV segments.