China Passenger Car Sales Rise to Record in November, China Daily Reports

China’s passenger car sales jumped to a record in November, climbing 27 percent from a year ago, China Daily reported, citing the China Passenger Car Association.

Sales exceeded 1.28 million cars last month, up 10.5% from October, the Beijing-based newspaper said today, citing the association. Sales will continue to gain in December, Rao Da, secretary general of the association said, according to the newspaper.

Government stimulus policies including tax rebates and vehicle trade-in subsidies have spurred car sales in China. The country overtook the U.S. to become the world’s biggest market for new automobiles last year.

The China Association of Automobile Manufacturers, the official trade body for the auto industry, is scheduled to release November vehicle sales data tomorrow.

--Tian Ying, Tan Hwee Ann. Editor: Chua Kong Ho, Lena Lee.

To contact the Bloomberg News staff on this story: Tian Ying in Beijing at ytian@bloomberg.net; Hwee Ann Tan at hatan@bloomberg.net.

To contact the editor responsible for this story: Kae Inoue at kinoue@bloomberg.net.

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