China's auto sales dropped 3.1 percent year-on-year to 2.13 million units in May 2021, the first monthly decline in 14 months, amid a global chip shortage and surging raw material prices. Sales of passenger cars fell 1.7 percent from a year earlier to 1.7 million. Meanwhile, sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids and hydrogen fuel-cell vehicles, surged 159.7 percent from a year earlier to 217,000 units. In the first five months of the year, auto sales jumped 36.6 percent from a year earlier to 10.88 million, with passenger cars surging 38.1 percent to 8.44 million, while those of NEVs jumping by 224.2 percent. China Association of Automobile Manufacturers earlier expected China's overall car sales to grow 6.5 percent this year. source: China Association of Automobile Manufacturers

Total Vehicle Sales in China averaged 1151627.95 from 1997 until 2021, 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 June of 2021.

Total Vehicle Sales in China is expected to be 2580000.00 Units 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 2320000.00 in 12 months time. In the long-term, the China Total Vehicle Sales is projected to trend around 2150000.00 Units in 2022 and 2050000.00 Units in 2023, according to our econometric models.

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China Total Vehicle Sales

Actual Previous Highest Lowest Dates Unit Frequency
2132800.00 2252000.00 3060271.00 88416.00 1997 - 2021 Units Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-11 06:30 AM Feb 365% 30% 14%
2021-04-09 06:20 AM Mar 74.9% 365% 50%
2021-05-12 06:00 AM Apr 8.6% 74.9% 70%
2021-06-11 06:00 AM May -3.1% 8.6% 5%


News Stream
China Car Sales Fall for 1st Time in 14 Months
China's auto sales dropped 3.1 percent year-on-year to 2.13 million units in May 2021, the first monthly decline in 14 months, amid a global chip shortage and surging raw material prices. Sales of passenger cars fell 1.7 percent from a year earlier to 1.7 million. Meanwhile, sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids and hydrogen fuel-cell vehicles, surged 159.7 percent from a year earlier to 217,000 units. In the first five months of the year, auto sales jumped 36.6 percent from a year earlier to 10.88 million, with passenger cars surging 38.1 percent to 8.44 million, while those of NEVs jumping by 224.2 percent. China Association of Automobile Manufacturers earlier expected China's overall car sales to grow 6.5 percent this year.
2021-06-11
China Car Sales Rise 8.6% in April
China's auto sales increased 8.6 percent year-on-year to 2.25 million units in April 2021, a 13th consecutive month of gains, as the world's largest car market consolidates its recovery from last year's contraction. Sales of passenger cars rose 10.8 percent from a year earlier to 1.7 million. Meanwhile, sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids and hydrogen fuel-cell vehicles, soared 180 percent from a year earlier to 206,000 units. In the January-April period, auto sales jumped 51.8 percent from a year earlier to 8.75 million, with passenger cars surging 53.1 percent to 6.79 thousand, while those of NEVs jumping by 249.2 percent to 732 thousand.
2021-05-12
China Vehicle Sales Rise for 12th Month
China's auto sales rose 74.9 percent year-on-year to 2.53 million units in March 2021, a 12th consecutive month of gains, as the world's largest car market consolidates its recovery from last year's contraction. Sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids and hydrogen fuel-cell vehicles, increased 238.9 percent from a year earlier to 226,000 units. In the January-March period, auto sales rose 75.6 percent from a year earlier to 6.48 million units. The China Association of Automobile Manufacturers (CAAM) said the industry body expects the chip supply shortage to have bigger negative impact on China's auto production in the second quarter than in the first.
2021-04-09
China Car Sales Surge 365% in February
Car sales in China jumped 365 percent year-on-year to 1.455 million in February of 2021, the eleventh straight month of increases, as the automobile industry's recovered further from the coronavirus crisis. Sales of new energy vehicles (NEVs), which include battery-powered electric, plug-in hybrid and hydrogen fuel-cell vehicles surged 585 percent from a year earlier to 110 thousand units. Considering the first two months of the year, car sales totaled 3.958 million units, up 76.9 percent year-on-year. For 2021, the China Association of Automobile Manufacturers expects car sales to rise by around 4 percent, but has warned that a shortage of certain auto chips may start to hit production at some Chinese firms at the beginning of the year.
2021-03-11

China Total Vehicle Sales
In China, Total Vehicle Sales refers to the number of automobiles sold in a given month.