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 June 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.