The graph shows passenger and utility vehicle sales in China from January 2021 to August 2023. In August 2023, approximately 2.3 million passenger cars and 310,000 commercial vehicles were sold in China, an increase compared to the previous month.
Automobile demand in China
China is home to the world’s largest market for automobile sales. Despite the recent decline in passenger car sales in China during the COVID-19 pandemic, total passenger car sales the market bounced back and in 2022, the sales exceeded 23.5 million units, making it the highest figure in the past four years.
Chinese car manufacturers
China’s automobile market used to be dominated by international car manufacturers until recently. In 2021, Chinese manufactured vehicles had a market share of about 44.4 percent in the Chinese vehicle market, followed by German vehicles and Japanese vehicles. The leading passenger car manufacturer is FAW-Volkswagen, which reported sales of about 1.8 million vehicles in the same period.
Monthly automobile sales in China from January 2021 to August 2023
(in 1,000 units)
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CAAM. (September 23, 2023). Monthly automobile sales in China from January 2021 to August 2023 (in 1,000 units) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/276899/automobile-sales-in-china-by-month/
CAAM. "Monthly automobile sales in China from January 2021 to August 2023 (in 1,000 units)." Chart. September 23, 2023. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/276899/automobile-sales-in-china-by-month/
CAAM. (2023). Monthly automobile sales in China from January 2021 to August 2023 (in 1,000 units). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/276899/automobile-sales-in-china-by-month/
CAAM. "Monthly Automobile Sales in China from January 2021 to August 2023 (in 1,000 Units)." Statista, Statista Inc., 23 Sep 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/276899/automobile-sales-in-china-by-month/
CAAM, Monthly automobile sales in China from January 2021 to August 2023 (in 1,000 units) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/276899/automobile-sales-in-china-by-month/ (last visited September 20, 2024)
Monthly automobile sales in China from January 2021 to August 2023 (in 1,000 units) [Graph], CAAM, September 23, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/276899/automobile-sales-in-china-by-month/