Car sales in China increased 12.4 percent year-on-year to 2.57 million in October 2020, the seventh straight month of increase, as the vehicle market comes off lows hit during the coronavirus lockdown. Sales of trucks, vans and other commercial vehicles, which account for around a quarter of overall market, jumped 30 percent, driven by government investment in infrastructure and as buyers upgraded to comply with tougher emissions rules, while sales of passenger vehicles were up 9 percent. Meantime, sales of new energy vehicles (NEVs), which include battery-powered electric, plug-in hybrid and hydrogen fuel-cell vehicles surged 105 percent to 160,000, the third straight month of increase. source: China Association of Automobile Manufacturers
Total Vehicle Sales in China averaged 1124441.15 from 1997 until 2020, reaching an all time high of 3060271 in December of 2017 and a record low of 88416 in January of 1998. This page provides - China Total Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Total Vehicle Sales - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Total Vehicle Sales in China is expected to be 2350000.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Total Vehicle Sales in China to stand at 2580000.00 in 12 months time. In the long-term, the China Total Vehicle Sales is projected to trend around 2650000.00 in 2021, according to our econometric models.