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News from China Association of Automobile Manufacturers (CAAM for short as below) reveals that the sale of China home- made autos hit 1.33 million units last month. Compared the same period of the last year, it is up 77.88 percent. CAAM also says that the figure is up 16.98 percent compared the last month.
This is the seventh month consecutively to hit one million units. Auto experts believe that the increase in September sales was boosted by surge in sales of passenger vehicles and it jumped 83.62 percent. The high-record sale is also boosted by the government"s auto stimulus policies and tax cut.
China auto industry hopes these stimulus policies can go on in the next year.