China's vehicle sales rose by 9.9% year-on-year to 2.69 million units in March 2024, following a 19.9% slump the month before, as consumption recovered following the Lunar New Year and many carmakers slashed prices, according to data from the China Association of Automobile Manufacturers (CAAM). New energy vehicle sales grew by 35.3%, also rebounding from a 9.2% fall in February. During the first quarter of the year, vehicle sales advanced by 10.6%, and electric vehicle sales were up by 31.8%. source: China Association of Automobile Manufacturers
Total Vehicle Sales in China increased to 2690000 Units in March from 1584000 Units in February of 2024. Total Vehicle Sales in China averaged 1279803.81 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 April of 2024.
Total Vehicle Sales in China increased to 2690000 Units in March from 1584000 Units in February of 2024. Total Vehicle Sales in China is expected to be 2500000.00 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 2800000.00 Units in 2025 and 2900000.00 Units in 2026, according to our econometric models.