New-vehicle sales down 1.8% y/y in the third quarter, but NEV sales rise

New-vehicle sales declined by 1.8% year-on-year in the third quarter of this year, but increased by 6.3% quarter-on-quarter.

Notably, new energy vehicle (NEV) sales by 17 industry brands increased by 112% in the quarter from 953 units sold in the third quarter of last year to 2 019 units sold in the third quarter of this year.