Annual change of vehicle sales in China 2009-2019

This graph shows the annual change in vehicle sales in China until 2019. In 2019, car sales in China had decreased by 8.2 percent compared to the previous year.

Vehicle sales growth in China

With a sales volume of approximately 28 million motor vehicles, China was the worlds’ largest market for automobiles in 2018. Vis-à-vis U.S. car market in the same year, about eleven million units more had been sold in China. This boom in domestic market demand could be explained by China’s spectacular economic growth, which in terms is expressed by the formation of a prosperous middle class.

China as a major car manufacturer

China had also become the world’s biggest automobile producer by 2017, with a share of some 29 percent of total global passenger vehicles produced in mainland China. The economic reforms of the early 1980s required foreign carmakers to form joint ventures with domestic auto producers in China. Over the past decades, a couple of large independent domestic auto brands have emerged. However, domestic carmakers generally lack technological know-how and market access when compared to their foreign rivals. As a result, foreign automakers generally enjoy larger market shares and higher profit margins in China. Overseas, Chinese autos tend to be sold to other developing countries where selling prices seem to determine consumers’ decisions.

Growth rate of vehicle sales in China from 2009 to 2019

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Sources

Release date

January 2020

Region

China

Survey time period

2009 to 2019

Supplementary notes

Data prior to 2012 were taken from the J.P. Morgan report "China Auto Industry" from August 2012, page 13. Figures from 2012 were taken from annual sales figures provided by China Association of Automobile Manufacturers (CAAM). The report also cites CAAM as a source.

The data only cover manufacturer sales to dealers, rather than end-user demand.

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Statistics on "Automobile sales in China"

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