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.