Xinhua quoted China top economic planner said auto prices fell slightly in September for a third consecutive month and were expected to continue falling in the fourth quarter.

The National Development and Reform Commission said in a statement that prices of cars made in China were down 0.4% from August and 0.3% from September last year. The figures showed prices of Chinese made passenger cars fell 0.1% from August and 2.6%YoY.

According to the NDRC commercial vehicles, including buses and trucks saw bigger price drops in September, 0.34% down from August. But it was 3% higher than a year earlier. While the prices of buses declined by 0.7% from last month those of trucks went up by 0.1% and climbed 5.4%YoY.

The statement said prices of imported cars followed the trend on a monthly basis down by 0.2% from August after prices for passenger cars dropped 0.02% and off road vehicles 0.4%MoM. However, on an annual basis, imported car prices rose 9.6%.

The general trend of slight price drops was accompanied by faster auto sales growth in China in September.

(Sourced from Xinhua)