China Vehicle Sales Rise 5.3% In October

Vehicle sales in China rose 5.3% y/y in October. Vehicle sales in the country came in at 1.61 million vehicles in October, versus 1.62 million in September, according to the China Association of Automobile Manufacturers. Vehicle sales declined 1.8% y/y in September. However, sales in the first ten months of the year climbed 3.6% y/y to 15.7 million.