Monthly automobile sales in China 2021-2023
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.