China's vehicle sales rose by 47.9% from a year earlier to 2.44 million units in January 2024, with new energy vehicle sales accounting for 29.9% of total sales and growing by 78.8% year-on-year, according to data from the China Association of Automobile Manufacturers (CAAM). However, in contrast to December, total vehicle sales and NEV sales saw declines of 22.7% and 38.8%, respectively, reflecting weakened demand in the world's largest automotive market, amidst a prolonged housing slump and a market downturn. Meanwhile, a separate report from the China Passenger Car Association (CPCA) revealed a stark 37.9% year-on-year drop in passenger vehicle sales, alongside a striking 40.4% month-on-month decrease, marking the weakest January performance since the early 2000s. source: China Association of Automobile Manufacturers

Total Vehicle Sales in China decreased to 2439000 Units in January from 3156000 Units in December of 2023. Total Vehicle Sales in China averaged 1274528.75 Units from 1997 until 2024, reaching an all time high of 3156000.00 Units in December of 2023 and a record low of 88416.00 Units 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 February of 2024.

Total Vehicle Sales in China decreased to 2439000 Units in January from 3156000 Units in December of 2023. Total Vehicle Sales in China is expected to be 2460000.00 Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Total Vehicle Sales is projected to trend around 2900000.00 Units in 2025, according to our econometric models.

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China Total Vehicle Sales


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-11 07:50 AM
Vehicle Sales YoY
Dec 23.5% 27.4% 30%
2024-02-07 08:00 AM
Vehicle Sales YoY
Jan 47.9% 23.5% 19.0%
2024-03-10 07:00 AM
Vehicle Sales YoY
Feb 47.9%


Related Last Previous Unit Reference
Services PMI 52.70 52.90 points Jan 2024
Non Manufacturing PMI 50.70 50.40 percent Jan 2024
Manufacturing PMI 50.80 50.80 points Jan 2024
Business Confidence 49.20 49.00 points Jan 2024
Industrial Production Mom 0.52 0.87 percent Dec 2023
Industrial Production 6.80 6.60 percent Dec 2023
Manufacturing Production 7.10 6.70 percent Dec 2023
New Orders 49.00 48.70 points Jan 2024
Changes in Inventories 14959.00 10996.00 CNY Hundred Million Dec 2022
Total Vehicle Sales 2439000.00 3156000.00 Units Jan 2024
Car Registrations 2115000.00 2792000.00 Units Jan 2024
Car Production 2083000.00 2713000.00 Units Jan 2024
Leading Economic Index 94.39 93.85 points Sep 2022
NBS General PMI 50.90 50.30 points Jan 2024
Composite Leading Indicator 101.98 101.81 points Jan 2024
Business Conditions Index 49.80 49.90 points Oct 2023
Industrial Profits 0.80 -6.50 percent Jun 2022
Coal Production 384.67 370.84 Million Tonnes Dec 2021
IP Addresses 98862937.00 104032031.00 IP Mar 2017
Internet Speed 7583.32 6295.74 KBps Mar 2017
Steel Production 77200.00 67400.00 Thousand Tonnes Jan 2024
Composite PMI 52.50 52.60 points Jan 2024
Corruption Rank 76.00 65.00 Dec 2023
Corruption Index 42.00 45.00 Points Dec 2023
Mining Production 4.70 3.90 percent Dec 2023
Electricity Production 828980.00 730970.00 Gigawatt-hour Dec 2023
Cement Production 15792.87 18978.58 Ten Thousands of Tonnes Dec 2023
Capacity Utilization 75.90 75.60 percent Dec 2023
Corporate Profits 7685830.00 6982280.00 CNY Million Dec 2023
Competitiveness Rank 28.00 28.00 Dec 2019
Competitiveness Index 73.90 72.61 Points Dec 2019
Ease of Doing Business 31.00 46.00 Dec 2019
Mni Business Sentiment 55.90 53.10 Dec 2016

China Total Vehicle Sales
In China, Total Vehicle Sales refers to the number of automobiles sold in a given month.
Actual Previous Highest Lowest Dates Unit Frequency
2439000.00 3156000.00 3156000.00 88416.00 1997 - 2024 Units Monthly
NSA

News Stream
China Vehicle Sales Rise 47.9% in January
China's vehicle sales rose by 47.9% from a year earlier to 2.44 million units in January 2024, with new energy vehicle sales accounting for 29.9% of total sales and growing by 78.8% year-on-year, according to data from the China Association of Automobile Manufacturers (CAAM). However, in contrast to December, total vehicle sales and NEV sales saw declines of 22.7% and 38.8%, respectively, reflecting weakened demand in the world's largest automotive market, amidst a prolonged housing slump and a market downturn. Meanwhile, a separate report from the China Passenger Car Association (CPCA) revealed a stark 37.9% year-on-year drop in passenger vehicle sales, alongside a striking 40.4% month-on-month decrease, marking the weakest January performance since the early 2000s.
2024-02-07
China Car Sales Rise 12% in 2023
China's vehicle sales surged 23.5% year-on-year in December 2023 to 3.156 million units, marking the fifth consecutive month of growth after soaring 27.4% in November. Specifically, sales of new energy vehicles (NEV) surged by 46.4% to 1.191 million, exceeding 1 million units for the second straight month. For the 2023 full year, new vehicle sales rose by 12% yoy to 30.094 million units, surpassing the 30 million mark for the first time, with NEV's contributing 31.6%. In 2023, NEV sales jumped 37.9% to 9.495 million units.
2024-01-11
China Car Sales Jump 27.4% in November
China's vehicle sales surged 27.4% year-on-year in November 2023 to 2.97 million units, marking the fourth consecutive month of growth after rising 13.8% in October. Specifically, sales of energy vehicles soared by 30%. For the first eleven months of the year, new vehicle sales grew by 10.8% compared to the 3.3% rise recorded during the same period in 2022. Meanwhile, energy vehicle sales jumped by 36.7%.
2023-12-11