Car sales in China increased 11.6 percent year-on-year to 2.19 million in August 2020, the fifth 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, surged 41.6 percent while sales of passenger vehicles were up 6 percent. Meanwhile, sales of new energy vehicles (NEVs), which include battery-powered electric, plug-in hybrid and hydrogen fuel-cell vehicles jumped 25.8 percent to 109,000, the second straight month of increase. Considering January to August, sales decreased 9.7 percent to 14.55 million vehicles. For 2020, China’s vehicle sales are expected to drop around 11 percent from a year earlier to 1.1 million.
Total Vehicle Sales in China averaged 1119369.42 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 September of 2020. source: China Association of Automobile Manufacturers
Total Vehicle Sales in China is expected to be 2250000.00 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.