Vehicles sales in China rose 4.4 percent year-on-year to 2.07 million in April 2020, the first increase since June 2018, as the country loosened coronavirus-related restrictions and reopened for business. Still, sales of new energy vehicles (NEVs), which include battery-powered electric, plug-in hybrid and hydrogen fuel-cell vehicles, fell for a tenth straight month to 72,000 units. For 2020 full year, the number will likely drop by as much as 25 percent if the pandemic continues. Even if China contains the outbreak effectively, the country's auto sales are expected to decline 15 percent this year, from over 25 million units in 2019, the China Association of Automobile Manufacturers (CAAM) said.
Total Vehicle Sales in China averaged 1103963.84 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 June of 2020. source: China Association of Automobile Manufacturers
Total Vehicle Sales in China is expected to be 2000000.00 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 2021, according to our econometric models.