By Selina Cheng


HONG KONG -- China's passenger car retail sales in November dropped 9.2% from a year ago amid slumping demand, as the nation grappled with a slowing economy under harsh Covid curbs that Beijing has recently started easing.

China's car makers and dealers sold 1.65 million passenger cars in November, down 10.5% from October, according to data released by the China Passenger Cars Association on Thursday.

Despite an almost 15% growth in automobile production for the 11 months to November compared with a year earlier, production for the month was down 9% from October.

Car retail sales were "much lower than what we expected," CPCA Secretary-General Cui Dongshu said, adding that "it's a very serious situation." Manufacturers slowed down production as a result, with some making relatively significant adjustments, he said.

Tesla Inc.'s Shanghai factory broke its record and delivered 100,291 electric vehicles last month.


Write to Selina Cheng at


(END) Dow Jones Newswires

December 08, 2022 04:27 ET (09:27 GMT)

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