This year it happened with a vengeance, with 1.5 million light vehicles delivered in October, equivalent to the September figure, and 27% higher than the year before.
Passenger vehicle sales grew 31% to 1.1 million units, while light commercial vehicle sales increased 20% to 435,000 units.
The seasonally adjusted annual rate (SAAR) shot up to a record 19.2 million units in October, which is the first time
English People’s Daily Online reports the market has clearly reversed from a weakening trend in the first half of this year, making a sharp rebound from this year’s SAAR trough of 15.5 million units in April.
Auto sales surge 27% in October