China’s new car sales increased 8% year-on-year in November, as Japanese auto makers recovered from fewer purchases amid anti-Japan sentiment this fall, The Wall Street Journal reported. Commercial and passenger auto sales increased to 1.79 million units, from 1.66 million in the same month last year, industry group China Association of Automobile Manufacturers said on Monday. Sales of Japanese-made vehicles declined more slowly, falling 36% year-on-year to 170,200 cars compared to a fall of 59% in October and 41% in September. The passenger vehicle market share held by Japanese brands rose to 11.65% in November, from 7.61% a month earlier. Toyota Motor (TM.NYSE, 7203.TYO, TOM.ETR) sales declined 22% in November, compared to 44% the month before. Mazda Motor (7261.TYO, M2A.FRA) sales fell 30%, from 45%, while Nissan Motor (7201.TYO, NISA.FRA) experienced similar improvement.
You must log in to post a comment.