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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-11 06:50 AM
Vehicle Sales YoY
Feb -19.9% 47.9% 41.0%
2024-04-10 06:50 AM
Vehicle Sales YoY
Mar 9.9% -19.9% 4.0%
2024-05-11 07:00 AM
Vehicle Sales YoY
Apr 9.9% 13.0%


Related Last Previous Unit Reference
Business Conditions Index 51.60 51.10 points Feb 2024
NBS Manufacturing PMI 50.80 49.10 points Mar 2024
Industrial Capacity Utilization 73.60 75.90 percent Mar 2024
Passanger Car Production 1273000.00 2083000.00 Units Feb 2024
Passenger Car Sales 1333000.00 2115000.00 Units Feb 2024
Cement Production 15440.00 15792.87 Ten Thousands of Tonnes Mar 2024
Changes in Inventories 14959.00 10996.00 CNY Hundred Million Dec 2022
Composite Leading Indicator 101.70 101.46 points Mar 2024
Caixin Composite PMI 52.70 52.50 points Mar 2024
Industrial Profits (YTD) YoY 914060.00 7685830.00 CNY Million Feb 2024
Corruption Index 42.00 45.00 Points Dec 2023
Corruption Rank 76.00 65.00 Dec 2023
Electricity Production 747690.00 828980.00 Gigawatt-hour Mar 2024
Industrial Production YoY 4.50 7.00 percent Mar 2024
Industrial Production Mom 0.56 1.16 percent Feb 2024
Leading Economic Index 151.80 152.00 points Feb 2024
Caixin Manufacturing PMI 51.10 50.90 points Mar 2024
Manufacturing Production YoY 5.10 7.70 percent Mar 2024
Mining Production 0.20 2.30 percent Mar 2024
NBS General PMI 52.70 50.90 points Mar 2024
New Orders 53.00 49.00 points Mar 2024
NBS Non Manufacturing PMI 53.00 51.40 percent Mar 2024
Caixin Services PMI 52.70 52.50 points Mar 2024
Steel Production 81200.00 77200.00 Thousand Tonnes Feb 2024
Vehicle Sales YoY 2690000.00 1584000.00 Units Mar 2024

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
2690000.00 1584000.00 3156000.00 88416.00 1997 - 2024 Units Monthly
NSA

News Stream
China New Vehicle Sales Rise 9.9% in March
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%.
2024-04-10
China Vehicle Sales Plunge 19.9% in February
China's vehicle sales slumped by 19.9% from a year earlier to 1.58 million units in February 2024, reversing sharply from a 47.9% jump in the previous month, amid disruption from the Lunar New Year holiday, according to data from the China Association of Automobile Manufacturers (CAAM). Meanwhile, new energy vehicle sales fell 9.2% in February, reversing strongly from a 78.8% surge in January. Considering the first two months of the year, total car sales grew by 11.1% to nearly 4.03 million units, rebounding from a 15.2% fall in the same period of last year, with new energy vehicle sales soaring 29.4% in January-February of 2024. Meanwhile, a separate report from the China Passenger Car Association (CPCA) revealed NEV sales accounted for 33.5% of total car sales in January-February compared to 28.3% in the same period a year earlier.
2024-03-11
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