Auto sales in China declined by 12.6% year-on-year to 1.86 million in May of 2022, after plunging 47.6% in April when the covid lockdown started, lowering production and keeping consumers out of showrooms. In the first five months of the year, auto sales dropped 12.2% compared to the same period in 2021, but the Chinese authorities already unveiled measures to try to recover the sector, including halving the purchase tax for cars priced at no more than CNY 300,000 yuan ($45,000) and with 2.0-litre or smaller engines to 5% of the sticker price from June 1st. source: China Association of Automobile Manufacturers

Total Vehicle Sales in China averaged 1194841.51 Units from 1997 until 2022, reaching an all time high of 3060271 Units in December of 2017 and a record low of 88416 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 July of 2022.

Total Vehicle Sales in China is expected to be 2110000.00 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 2050000.00 Units in 2023, according to our econometric models.

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China Total Vehicle Sales



Calendar GMT Actual Previous Consensus TEForecast
2022-05-11 06:30 AM Apr -47.6% -11.0% -18%
2022-06-10 08:00 AM May -12.6% -47.6% -35%


Related Last Previous Unit Reference
Total Vehicle Sales 1860000.00 1180903.00 Units May 2022
Car Registrations 1623000.00 965000.00 May 2022
Car Production 1701000.00 996000.00 Units May 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
1860000.00 1180903.00 3060271.00 88416.00 1997 - 2022 Units Monthly
NSA

News Stream
China Auto Sales Continue to Decline in May
Auto sales in China declined by 12.6% year-on-year to 1.86 million in May of 2022, after plunging 47.6% in April when the covid lockdown started, lowering production and keeping consumers out of showrooms. In the first five months of the year, auto sales dropped 12.2% compared to the same period in 2021, but the Chinese authorities already unveiled measures to try to recover the sector, including halving the purchase tax for cars priced at no more than CNY 300,000 yuan ($45,000) and with 2.0-litre or smaller engines to 5% of the sticker price from June 1st.
2022-06-10
China Auto Sales Fall in April on Covid Curbs
China's auto sales plunged 47.6% year-on-year to 1.18 million units in April of 2022, the biggest drop since March of 2020, as coronavirus curbs lowered production and kept consumers out of showrooms. Considering the first four months of 2022, auto sales fell 12% from a year earlier. On the other hand, sales of new-energy vehicles jumped 44.6% in April and 112% in January-April.
2022-05-11
China Auto Sales Drop 11% YoY
Auto sales in China declined by 11 percent year-on-year to 2.25 million units in March of 2022, shifting from a 18.7 percent growth a month earlier, data from China Association of Automobile Manufacturers showed. This was the first drop in three months, amid widespread COVID-19 cases and mobility restrictions. Considering the first three months of the year, auto sales edged up 0.5 percent from the same period of 2021 to 6.52 million units. In 2021, sales increased 3.8 percent from a year earlier to 26.28 million units, up for the first time in three years.
2022-04-09