Car sales in China grew 6.4 percent year-on-year to 2.83 million in December 2020, the ninth straight month of increase, as the vehicle market comes off lows hit during the coronavirus lockdown. For the full year of 2020, car sales fell 1.9 percent to 25.3 million from 2019, the third consecutive of decline in car sales. Sales of passenger vehicles dropped 6 percent in 2020, while that of new energy vehicles (NEVs), which include battery-powered electric, plug-in hybrid and hydrogen fuel-cell vehicles jumped 11 percent from a year earlier to 1.37 million units. On the other hand, commercial vehicles, which constitute around a quarter of the overall market, sales surged 19 percent, driven by government investment in infrastructure and as buyers upgraded to comply with tougher emissions rules. China Association of Automobile Manufacturers expects car sales to rise by around 4 percent to 26.3 million in 2021. source: China Association of Automobile Manufacturers
Total Vehicle Sales in China averaged 1124441.15 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 January of 2021.
Total Vehicle Sales in China is expected to be 2350000.00 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.