Market on track to rise 4th straight month, trade group estimates

The new-vehicle market in China will expand four straight months, with retail volume jumping 23 percent year over year in September, the China Automobile Dealers Association estimated this week.

Some 1.95 million sedans, crossovers, SUVs and multi-purpose vehicles were delivered industrywide this month, according to the trade group’s preliminary tally.

CADA estimated that deliveries this month will include some 580,000 full electrified vehicles and plug-in hybrids, surging 74 percent from a year earlier. 

As sporadic coronavirus outbreaks in cities eased in mid-September, sales at dealerships gathered steam in the second half of the month, CADA noted.