The automobiles continued to decline yearly

  In November, the automobiles continued to decline comparing with a year earlier, keeping the downturn momentum since July. This month, the production and sales of automobiles in China reached 2,498,000 and 2,548,000 units respectively, up 7% and 7.1% than that of last month, but down 18.9% and 13.9% year on year. The current period inventory was 102%; and the inventory scale continued to decrease.

  For the first eleven months, the production and sales of automobiles were 25,325,000 and 25,420,000 units respectively, down 2.6% and 1.7% year on year. The growth rate continued to fall.