The downturn in China¡¯s new light-vehicle market that began in July is gathering speed, with deliveries dropping 16 percent to 2,173,500 in November.
Every segment from cars to light trucks posted a steep decline in volume last month, according to the China Association of Automobile Manufacturers.
Multi-purpose vehicle deliveries nosedived 31 percent to roughly 150,000 while sales of crossovers and SUVs plunged 18 percent to about 908,900.
Sedan deliveries fell 12 percent to 1,076,300 while minibus sales dropped 7.2 percent to approximately 38,300.
Through November, China¡¯s new light-vehicle deliveries have now dipped 2.8 percent to around 21,478,400.
In contrast to slumping light-vehicle demand, deliveries of new commercial vehicles, including trucks and buses, rose 1.7 percent to about 374,000 last month.
Year-to-date new commercial vehicle sales increased 5 percent to roughly 3,941,000.
As a result, total new vehicle sales in China declined 14 percent to 2,548,000 in November. And year-to-date, new-vehicle deliveries in the country have dipped 1.7 percent to 25,420,000.
While the overall market is in a slump, sales of electrified vehicles remain strong.
Roughly 169,000 electric vehicles and plug-in hybrids were delivered across China in November, an increase of 38 percent from a year earlier. The tally includes around 138,000 EVs and 31,000 plug-in hybrids.
For the first 11 months, combined sales of EVs and plug-in hybrids surged 68 percent to some 1,030,000. The tally includes about 791,000 EVs and 239,000 plug-in hybrids.