Vehicle sales in China 2009-2019
The graph shows passenger and commercial vehicle sales in China from 2009 to 2019. In 2019, approximately 4.32 million commercial vehicles had been sold in China.
Vehicle sales in China – additional information
The automobile industry has been a major driving force in China’s economic momentum and despite slowing growth, the Chinese automobile industry is expected to continue fueling the economy. China was the world’s leading car producing country in 2018, producing approximately 23.53 million passenger cars and claiming a 27.6 percent share of total global vehicle production. However, while passenger car sales in Chinahave been skyrocketing since 2008, they have slowed somewhat in 2015. Specifically, the sale of minivans, multipurpose vehicles (MPV) and sedans have slowed, but the number of SUVs sold has increased in the same year, although all sales for passenger cars started decreasing since 2017. While the gas guzzling SUV is the most popular type of passenger car in China, the production of hybrid and electric cars and new energy vehicles is also on the rise since the government had been promoting their use. However, these vehicles still composed a small share of annual car sales volumes. As the number of privately owned vehicles in China continues to rise, so does the number of drivers. These results show that there are twice as many drivers with licenses than there are cars as well as indicating a large cohort of future car owners.
Vehicle sales in China – additional information
The automobile industry has been a major driving force in China’s economic momentum and despite slowing growth, the Chinese automobile industry is expected to continue fueling the economy. China was the world’s leading car producing country in 2018, producing approximately 23.53 million passenger cars and claiming a 27.6 percent share of total global vehicle production. However, while passenger car sales in Chinahave been skyrocketing since 2008, they have slowed somewhat in 2015. Specifically, the sale of minivans, multipurpose vehicles (MPV) and sedans have slowed, but the number of SUVs sold has increased in the same year, although all sales for passenger cars started decreasing since 2017. While the gas guzzling SUV is the most popular type of passenger car in China, the production of hybrid and electric cars and new energy vehicles is also on the rise since the government had been promoting their use. However, these vehicles still composed a small share of annual car sales volumes. As the number of privately owned vehicles in China continues to rise, so does the number of drivers. These results show that there are twice as many drivers with licenses than there are cars as well as indicating a large cohort of future car owners.
