China Auto Sales Climb at Fastest Pace in Nine Months

China’s passenger-vehicle sales last month climbed the most since January, helped by a recovery in economic growth and rebound in demand for Japanese brands.

Wholesale deliveries of cars, multipurpose and sport utility vehicles rose 24 percent to 1.61 million units in October, according to the state-backed China Association of Automobile Manufacturers today. That compares with the median estimate of 1.5 million units by three analysts surveyed by Bloomberg News.