Hyperdrive
China’s November Car Sales Seen Surging 18% on Subsidy Rush
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China’s car sales likely surged in November as carmakers ramped up discounts and buyers rushed to take advantage of the government’s trade-in subsidy before it ends.
Retail vehicle sales grew to 2.4 million in November, up 18% compared with last year, according to preliminary data released Wednesday by China’s Passenger Car Association.