Car sales in China increased 11.6 percent year-on-year to 2.3 million in June 2020, recovering for the third straight month from lows hit during the coronavirus lockdowns. Sales of trucks, vans and other commercial vehicles, which account for near a quarter of overall market, jumped 63 percent while sales of passenger vehicles rose 1.8 percent. Meanwhile, sales of new energy vehicles (NEVs), which include battery-powered electric, plug-in hybrid and hydrogen fuel-cell vehicles, fell for the 12th straight month to 104,000 units.
Total Vehicle Sales in China averaged 1112068.85 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 August 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.