Recently, the China Association of Automobile Manufacturers (CAAM) has revised its previous forecast of 10% negative growth in view of the continued recovery of China's auto market. The latest data show that domestic auto production and sales were 2.524 million and 2.565 million respectively in September this year, up 19.1% and 17.4% month-on-month and 14.1% and 12.8% year-on-year respectively. Both production and sales exceeded 2.5 million vehicles, a new high in the year, with rapid growth in both month-on-month and year-on-year terms. It is worth noting that as of the end of September this year, domestic auto production and sales have increased for six consecutive months, of which sales have maintained a growth rate of more than 10% for five consecutive months. Based on this, domestic automobile production and sales were 16.957,000 and 17.116,000 vehicles respectively in the first three quarters of this year, down 6.7% and 6.9% year-on-year, and the rate of decline narrowed by 2.9% and 2.8% compared with the first eight months of the year. While domestic car market achieved good sales in the "Gold September", the high sales performance during the "National Day" is also a good start for the “Silver October”. According to data released by the CPCA, the sales volume of main passenger car companies reached 314,500 vehicles from September 30 to October 8, an year-on-year increase of 7%. After the auto market released a strong recovery signal, China Association of Automobile Manufacturers revised its annual sales forecast again. The relevant person in charge of China Association of Automobile Manufacturers said, the overall recovery of the auto market was better than expected, and the annual sales will be better than the early 10% negative growth forecast. Recently, Cui Dongshu, secretary general of CPCA, said, in response to the annual forecast of the auto market this year, that it should be about 4% negative growth.