November auto prices in the Chinese market were stable by and large with small fluctuations, according to a survey conducted in 36 cities of China by the Price Monitoring Center of China’s National Development and Reform Commission (NDRC).
Chinese-made vehicles posted stable prices while the prices of imported vehicles continued to go down.
Statistics showed that prices of Chinese-made vehicles in Nov. edged up 0.75% from a year earlier. Passenger vehicles posted two consecutive monthly price drop in Nov., down 0.89% month on month and 0.81% year on year. Commercial vehicles prices rose by 1.16% from the previous month, up 2.78% year on year.
Due to the weakening demand, imported cars prices dropped 0.96% month on month in Nov., with year-on-year growth down by 4.46%.
The Price Monitoring Center expected that China’s auto market would continue to decline in the month ahead as the global financial crisis discourages Chinese vehicles exports.
By Kelly
The news is provided by Gasgoo.com
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