Auto sales in China grew at the fastest rate we've seen in nine months in October. That growth came thanks to an uptick in economic growth in China, and thanks to a rebound in demand for Japanese brands. The Japanese automakers have had a rough year in China. Sales dropped sharply last fall after a China-Japan dispute over some islands led many Chinese to boycott Japanese brands for patriotic reasons.
But those feelings are fading, and Chinese auto buyers are returning to Japanese brand dealerships. Toyota (NYSE: TM ) in particular was a big beneficiary, with sales rising 80% in October. Honda (NYSE: HMC ) also did well.
But as Motley Fool contributor John Rosevear explains in this video, the story in China last month wasn't just about Japanese brands. Ford (NYSE: F ) posted yet another big sales gain for the month, as its remarkable growth story stayed on track.
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