Vehicles sales in China fell 0.1 percent from a year ago to 2.66 million units in December 2019, the 18th consecutive month of decline, as local governments accelerated changes to emission standards this year. Sales of new energy vehicles (NEVs), including plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel cells, decreased for a sixth month in a row (-27.4 percent), after the government reduced incentives for purchases of such cars amid criticism that some firms have become overly reliant on the funds. For the full year of 2019, sales dropped 8.2%, with sales of NEV dropping 4 percent to 1.24 million units. The China Association of Automobile Manufacturers expects a 2 percent fall in vehicle sales in 2020. China's car sales fell last year for the first time since the 1990s due to slowing economic growth and ongoing trade tensions with the US.
Total Vehicle Sales in China averaged 1099178.29 from 1997 until 2019, 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. source: China Association of Automobile Manufacturers
Total Vehicle Sales in China is expected to be 2450000.00 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 2550000.00 in 12 months time. In the long-term, the China Total Vehicle Sales is projected to trend around 2650000.00 in 2020, according to our econometric models.