Retail sales of cars in China by month 2020-2022

China's auto retail sales generated monthly revenues of approximately 367 billion yuan in March 2022. In 2021, the monthly revenue of car retail in China fluctuates between 328 billion yuan and 465 billion yuan.

Automotive manufacturing and production in China

China is considered to be the world's largest automaker, reporting an annual production of 26 million vehicles in 2021. The number of units manufactured in China was well ahead of the production volumes of other countries, while the second placeholder United States reported a total volume of about 9.2 million units in the same period. The Shanghai Automotive Industry Corporation was China’s leading vehicle manufacturer, having generated approximately 742 billion yuan of revenue in 2021. It was followed by the Weichai Diesel Engine Factory with about 197 billion yuan in revenue.

Passenger vehicles sales

In 2021, China's vehicle sales amounted to 26.3 million units, of which nearly 21.5 million were passenger vehicles. In particular, sales of sport utility vehicles (SUVs) are gaining momentum in China, hitting 10 million units in that year and increasing their share in the Chinese passenger car market to nearly 48 percent.