* China October car sales up 75.8 pct on year
* Stimulus plans continue to drive sales
* Growth may remain strong in 2010 if incentives extended
(Adds analyst quotes, detailed sales figures)
By Fang Yan and Jacqueline Wong
SHANGHAI, Nov 9 China's passenger cars sales in
October surged 75.8 percent from a year earlier, official data
showed, extending the explosive growth in recent months as
government incentive policies continued to lure customers.
A total of 946,400 passenger cars were sold in October, up
sharply from 538,500 units sold a year earlier, but slightly
lower that 1.02 million units sold in September, the China
Association of Automobile Manufacturers said on Monday.
"Autumn is usually the best auto selling season. But it is
not that obvious this year as sales have been so strong all
along," said Qin Xuwen, an analyst with Orient Securities.
China's auto market has been a major bright spot amid a
global industry downturn thanks to a raft of government
incentives which had effectively bolstered consumer confidence.
Overall vehicle sales, from trucks to buses, jumped 72.48
percent in October to 1.23 million units from a year earlier, the
association said, after gaining 77.99 percent in September.
General Motors [GM.UL] more than doubled its China sales to
166,911 vehicles in October, continuing its string of monthly
sales records since the beginning of the year.
Ford Motor's (F.N) car venture in China sold 20,027 Ford
brand vehicles in October, up 80 percent from a year earlier,
company data showed.
Analysts had expected the market to slow next year if the
government opts not to renew the policy incentives, which will
expire by the end of this year.
But positive signs that Beijing may continue its efforts to
boost domestic consumption, including automobiles, are raising
hopes for another bumper year ahead.
A report by China's Ministry of Industry and Information
Technology indicated last week that the government might extend
some of the existing incentives, including cuts in sales tax for
small cars, as well as introduce other steps.
"In that case, auto sales in China will continue to grow
fairly strongly next year," said Qin.
In the first 10 months, a total of 8.19 million passenger
cars were sold in the country, up 45.18 percent from a year
earlier, exceeding a total of 6.76 million units sold in the
whole of 2008, according to official data.
Overall vehicle sales rose 37.71 percent to 10.89 million
units, compared with last year's total of 9.38 million units.
(Reporting by Fang Yan and Jacqueline Wong)