...China's automobile market reported the first positive monthly sales volume growth since April 2015. September wholesale vehicle deliveries rose by 2.1% yoy, as the passenger vehicle (PV) market rebounded after three consecutive months of decline. The recovery has been driven by improved PV end-demand entering the peak season, as well as intensifying promotion activities by manufacturers. Auto dealers' overall sentiment remained weak, amid lower-than-expected order intakes and rising inventory pressure towards year-end. SUVs remained the only bright spot in China's PV market, growing at an accelerated rate of 58.8% yoy in September 2015. Sedan and multi-purpose vehicles (MPVs) continued to shrink on a yoy basis, but the rates of decline narrowed to 10.8% and 4.1%....
