Auto sales in China increased by 6.9% yoy to 2.51 million units in October of 2022, the least in five months, after a 25.7% jump a month earlier, data from the China Association of Automobile Manufacturers (CAAM) showed. The sharp slowdown underlined deteriorating demand due to the ongoing COVID zero policy and waning effect of incentives as well as a low base effect last year. For the first ten months of the year, auto sales grew by only 4.6% from the same period in 2021. In July, CAAM slashed its auto growth projection for 2022 to 3% from an earlier estimation of 5.4%, reflecting disruptions in production due to a prolonged global shortage of semiconductors earlier in the year. source: China Association of Automobile Manufacturers

Total Vehicle Sales in China averaged 1215674.38 Units from 1997 until 2022, reaching an all time high of 3060271.00 Units in December of 2017 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 December of 2022.

Total Vehicle Sales in China is expected to be 2750000.00 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 2610000.00 Units in 2023 and 2780000.00 Units in 2024, according to our econometric models.

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China Total Vehicle Sales



Calendar GMT Actual Previous Consensus TEForecast
2022-10-11 06:15 AM Sep 25.7% 32.1% 19%
2022-11-10 07:15 AM Oct 6.9% 25.7% 18%
2023-01-12 07:00 AM Dec


Related Last Previous Unit Reference
Car Registrations 2231000.00 2332000.00 Units Oct 2022
Car Production 2334000.00 2409000.00 Units Oct 2022
Total Vehicle Sales 2510000.00 2610325.00 Units Oct 2022

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
2510000.00 2610325.00 3060271.00 88416.00 1997 - 2022 Units Monthly
NSA

News Stream
China Vehicle Sales Grow the Least in 5 Months
Auto sales in China increased by 6.9% yoy to 2.51 million units in October of 2022, the least in five months, after a 25.7% jump a month earlier, data from the China Association of Automobile Manufacturers (CAAM) showed. The sharp slowdown underlined deteriorating demand due to the ongoing COVID zero policy and waning effect of incentives as well as a low base effect last year. For the first ten months of the year, auto sales grew by only 4.6% from the same period in 2021. In July, CAAM slashed its auto growth projection for 2022 to 3% from an earlier estimation of 5.4%, reflecting disruptions in production due to a prolonged global shortage of semiconductors earlier in the year.
2022-11-10
China Car Sales Rise 25.7% YoY in September
Auto sales in China grew 25.7% year-on-year to 2.61 million units in September of 2022, slowing from a 32.1% jump in the previous month, when electric car sales boosted by government incentives, data from the China Association of Automobile Manufacturers showed. Meanwhile, sales of new energy vehicles, which include pure electric vehicles, plug-in hybrids and hydrogen fuel-cell vehicles, surged 93.9% from the previous year. For the first nine months of the year, car sales climbed 4.4% from a year earlier.
2022-10-11
China Car Sales Surge 32.1% YoY in August
Auto sales in China jumped 32.1% year-on-year to 2.38 million units in August of 2022, accelerating from a 29.7% rise in the previous month, data from the China Association of Automobile Manufacturers showed. It was the third straight month of increase in car sales, boosted by government incentives to support the industry. Meanwhile, sales of new energy vehicles, which include pure electric vehicles, plug-in hybrids and hydrogen fuel-cell vehicles, soared 100% from the previous year. For the first eight months of the year, car sales rose 1.7% from a year earlier. On a monthly basis, car sales fell 1.5%, as power restrictions affected production of automakers and China's longest and most intense heatwave since records began in 1961 reduced customer visits to showrooms.
2022-09-09