CPCA data: Oct 1-25 China passenger vehicle retail 1.145 mln units, down 26% YoY
and flat versus the same period last month (0% MoM). YTD retail through Oct 25
14.479 mln units, down 22% YoY. Manufacturer wholesale Oct 1-25 1.384 mln units,
down 22% YoY and up 3% versus the same period last month (MoM +3%). YTD
wholesale 21.121 mln units, down 7% YoY.