Vehicles sales in China tumbled 79 percent from a year ago to 310,000 units in February 2020, the steepest yearly decline on record, as the coronavirus outbreak hurt demand. Sales of new energy vehicles (NEVs), including plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel cells fell for an eighth straight month. The China Association of Automobile Manufacturers (CAAM) expects that vehicles sales will decrease by more than 10 percent in the first half of the year, and around 5 percent in 2020 full year, if the outbreak is effectively contained before April. Vehicle sales will return to normal in the third quarter. Meanwhile, automakers in China have called for cuts to the purchase tax on smaller vehicles, measures to support sales in rural markets and an easing of car emission requirements.

Total Vehicle Sales in China averaged 1099315.53 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 April of 2020. source: China Association of Automobile Manufacturers

Total Vehicle Sales in China is expected to be 1450000.00 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 2550000.00 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.

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China Total Vehicle Sales

Actual Previous Highest Lowest Dates Unit Frequency
310000.00 1927201.00 3060271.00 88416.00 1997 - 2020 Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-10 07:00 AM Nov -3.6% -4% -3.6%
2020-01-13 06:15 AM Dec -0.1% -3.6% -3.0%
2020-02-13 06:30 AM Jan -18.7% -0.1% -25%
2020-03-12 06:40 AM Feb -79% -18.7% -60%


News Stream
China Vehicle Sales Plunge 79% in February
Vehicles sales in China tumbled 79 percent from a year ago to 310,000 units in February 2020, the steepest yearly decline on record, as the coronavirus outbreak hurt demand. Sales of new energy vehicles (NEVs), including plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel cells fell for an eighth straight month. The China Association of Automobile Manufacturers (CAAM) expects that vehicles sales will decrease by more than 10 percent in the first half of the year, and around 5 percent in 2020 full year, if the outbreak is effectively contained before April. Vehicle sales will return to normal in the third quarter. Meanwhile, automakers in China have called for cuts to the purchase tax on smaller vehicles, measures to support sales in rural markets and an easing of car emission requirements.
2020-03-12
China Vehicle Sales Drop for 19th Month
Vehicles sales in China dropped 18.7 percent from a year ago to 1.9 million units in January 2020, worse than market forecasts of an 18 percent fall, and marking the 19th consecutive month of decline amid Lunar New Year holidays and the coronavirus outbreak. Sales of new energy vehicles (NEVs), including plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel cells, went down 51.6 percent, the seventh straight decrease. The China Association of Automobile Manufacturers said auto sales and production will be highly affected by the epidemic.
2020-02-26
China Vehicle Sales Fall for 19th Month
Vehicles sales in China plunged 18 percent from a year ago to 1.94 million units in January 2020, the 19th consecutive month of decline, amid Lunar New Year holidays and the coronavirus outbreak. Sales of new energy vehicles (NEVs), including plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel cells, tumbled 54.4 percent, the seventh consecutive month of falls. The China Association of Automobile Manufacturers said auto sales and production will be highly affected by the epidemic.
2020-02-13
China Car Sales Fall 8.2% in 2019
Vehicles sales in China fell 0.1 percent from a year ago to 2.66 million units in December 2019, the 18th consecutive month of decline, as local governments accelerated changes to emission standards this year. Sales of new energy vehicles (NEVs), including plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel cells, decreased for a sixth month in a row (-27.4 percent), after the government reduced incentives for purchases of such cars amid criticism that some firms have become overly reliant on the funds. For the full year of 2019, sales dropped 8.2%, with sales of NEV dropping 4 percent to 1.24 million units. The China Association of Automobile Manufacturers expects a 2 percent fall in vehicle sales in 2020. China's car sales fell last year for the first time since the 1990s due to slowing economic growth and ongoing trade tensions with the US.
2020-01-13

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