National Development and Reform Commission Price Monitoring Center released its analysis data of 36 big and middle cities in China. The data shows that national car prices declined slightly in September with prices of domestic cars and imported cars decreased.
According to report released by Price Monitoring Center on 14, prices of domestic cars declined slightly for three consecutive months in September. In September, prices of domestic cars declined 0.1% on month-to-month basis and 0.3% compared with the same period of last year.
Passenger car prices declined 0.09% on month-to-month basis and 2.56% compared with the same period of last year. Among them, the basic passenger car prices fell 0.54% last month on month-to-month basis, and sports passenger car prices were flat last month with mini passenger car prices rose 0.49% last month on month-to-month basis. Commercial vehicle prices mixed for different models.
Price Monitoring Center expects the car prices will continue the trend of steady decline in the fourth quarter. (Translator: Qinghua Wade) See original Chinese report Please click:
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