Sales growth forecast despite dip in February
9 months, 1 week ago

Sales growth forecast despite dip in February

China Daily  

Vehicles are lined up for export in the Haitong International Automotive Terminal in Taicang Port, Jiangsu province, on Dec 1. Data from the China Association of Automobile Manufacturers showed that China's auto sales reached 1.58 million units in February, down 19.9 percent year-on-year and 35.1 percent month-on-month. Car sales rose 11.1 percent year-on-year to 4.03 million units during the first two months of this year and production increased by 8.1 percent to 3.92 million units, according to the CAAM. The NEV sector maintained momentum during the first two months with sales jumping 29.4 percent year-on-year to 1.21 million units. In particular, Chinese brands collectively sold 2.07 million passenger vehicles in the first two months, a year-on-year growth of 26.7 percent.

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History of this topic

China's auto sector achieves strong growth in November
1 week, 6 days ago

China's auto sector achieves strong growth in November

China Daily  

Xinhua | Updated: 2024-12-12 11:21 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. CAO YINGYING/CHINA DAILY BEIJING -- China's auto production rose 11.1 percent year-on-year to 3.44 million units in November 2024, while sales climbed 11.7 percent from a year earlier to 3.32 million units, industrial data showed Wednesday. In the …

Brisk year of vehicle sales shows no sign of stopping
Top News
2 weeks, 2 days ago

Brisk year of vehicle sales shows no sign of stopping

China Daily  

By CAO YINGYING | China Daily | Updated: 2024-12-09 10:22 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. Its sales in the first 11 months totaled 3.53 million units, down 19.48 percent year-on-year, reaching 64.77 percent of its annual sales target. Great Wall Motor sold 127,400 vehicles last month, up 3.7 …

Brisk year of vehicle sales shows no sign of stopping
Top News
2 weeks, 2 days ago

Brisk year of vehicle sales shows no sign of stopping

China Daily  

By CAO YINGYING | China Daily | Updated: 2024-12-09 10:22 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. Its sales in the first 11 months totaled 3.53 million units, down 19.48 percent year-on-year, reaching 64.77 percent of its annual sales target. Great Wall Motor sold 127,400 vehicles last month, up 3.7 …

Brisk year of vehicle sales shows no sign of stopping
Top News
2 weeks, 2 days ago

Brisk year of vehicle sales shows no sign of stopping

China Daily  

Chinese auto brands face mixed prospects as competition in the industry intensifies As year-end approaches, China's automotive market is thriving, with domestic automakers reporting a strong performance in November and foreseeing fiercer competition to propel deliveries to new heights in December. Its sales in the first 11 months totaled 3.53 million units, down 19.48 percent year-on-year, reaching 64.77 percent of …

Big milestone: NEV sales lead all segments
4 months, 1 week ago

Big milestone: NEV sales lead all segments

China Daily  

Export-bound NEVs await shipment in Xiamen, Fujian province. Retail sales of NEVs nationwide reached 878,000 units in July, accounting for 51.1 percent of the total market, according to data released by the China Automobile Dealers Association. The market penetration rate exceeding 50 percent marked a solid step toward accomplishing the government's target of making electric vehicles the mainstream of new …

New energy vehicles dominate delivery figures for first time
4 months, 1 week ago

New energy vehicles dominate delivery figures for first time

China Daily  

The 2024 L9 model displayed at the Li Auto booth attracts visitors' attention during the 21st Changchun International Auto Expo in Changchun, capital of Jilin province, in July. TANG KE/FOR CHINA DAILY Retail sales of new energy vehicles accounted for 51.1 percent of total passenger vehicle deliveries in China in July, outnumbering conventional internal combustion engine vehicles for the first …

China's auto sector registers growth momentum in H1
5 months, 2 weeks ago

China's auto sector registers growth momentum in H1

China Daily  

BYD's electric models attract visitors at a new energy auto expo in Beijing. In the first six months, China's auto production reached about 13.89 million units, up 4.9 percent year-on-year, the data shows. In the meantime, auto sales stood at 14.05 million units, increasing 6.1 percent from the same period last year. China's auto exports stood at around 2.79 million …

China's passenger car exports up 28% in June
5 months, 2 weeks ago

China's passenger car exports up 28% in June

China Daily  

BYD vehicles bound for Brazil await shipment in Lianyungang, Jiangsu province. BEIJING - China's exports of passenger vehicles hit 378,000 units in June, marking a 28 percent increase year-on-year and staying flat compared to the previous month, the latest data showed. With the South American market recovering, exports of Chinese-brand cars hit 325,000 units in June, up 31 percent year-on-year, …

Sales boom enjoyed by Chinese marques
5 months, 2 weeks ago

Sales boom enjoyed by Chinese marques

China Daily  

Customers at a Li Auto store in Shenyang, Liaoning province, on June 15. Its first-half sales reached 1.61 million units, an increase of 28.46 percent year-on-year. In the first half, Geely's cumulative sales reached 955,700 units, a 41 percent year-on-year increase. Li Auto's first-half sales reached 188,981 units, ranking second among NEV startups, just after Huawei's Harmony Intelligent Mobility Alliance, …

Auto sales set to rise with new promotions
6 months ago

Auto sales set to rise with new promotions

China Daily  

A woman hosts a livestream for vehicles at an auto show on June 15. CHEN GUANYAN/CHINA NEWS SERVICE A million yuan of subsidies, half-price vehicles and other eye-catching promotions were provided by auto companies at this year's June 18 online shopping carnival, in efforts to capture consumer attention and stimulate auto sales. A report from Bocom International also forecast that …

Vehicle exports from China soar 34% in April
7 months, 1 week ago

Vehicle exports from China soar 34% in April

China Daily  

Vehicles are lined up for export in the Haitong International Automotive Terminal in Taicang Port, Jiangsu province, on Dec 1. Carmakers shipped 504,000 vehicles from China to overseas markets last month, up 34 percent year-on-year, according to the China Association of Automobile Manufacturers. Exports in the first four months totaled 1.83 million units, up 33.4 percent from the same period …

Vehicle exports from China soar 34% in April
7 months, 1 week ago

Vehicle exports from China soar 34% in April

China Daily  

Vehicles are lined up for export in the Haitong International Automotive Terminal in Taicang Port, Jiangsu province, on Dec 1. Carmakers shipped 504,000 vehicles from China to overseas markets last month, up 34 percent year-on-year, according to the China Association of Automobile Manufacturers. Exports in the first four months totaled 1.83 million units, up 33.4 percent from the same period …

VW to grow China sales to 4 million units in 2030
8 months ago

VW to grow China sales to 4 million units in 2030

China Daily  

A Volkswagen charging station is displayed at the Shanghai auto show on April 18, 2023. Volkswagen AG expects to scale up its sales to 4 million units in 2030 in China, which CEO Oliver Blume said is the German carmaker's "second home market". The 2030 sales goal, which was announced on Wednesday, would mean a 15 percent share of the …

Calls for policy to grow country's vehicle sales
8 months, 1 week ago

Calls for policy to grow country's vehicle sales

China Daily  

Members of the public visit an auto expo in Dongying, Shandong province, on April 11. China's top auto trade association is calling for favorable government policies to stimulate sales, saying domestic demand for new vehicles is one of the most important issues to be addressed this year. The CAAM's estimate earlier this year said that sales will grow by around …

Car sales accelerate in March
8 months, 2 weeks ago

Car sales accelerate in March

China Daily  

Employees inspect new energy vehicles on the assembly line of Li Auto's workshop in Changzhou, Jiangsu province, in December. Geely Auto, which owns namesake Geely as well as Lynk & Co and Zeekr, saw its March sales grow 39 percent year-on-year to 150,800 units. Though the growth figures were not as impressive as other major carmakers, a breakdown shows that …

Changan's sales to reach 2.8 million units in 2024
11 months, 1 week ago

Changan's sales to reach 2.8 million units in 2024

China Daily  

Changan unveils its growth plan at the 2024 Changan Auto Global Partnership Conference on Jan 16, 2024. Chinese carmaker Changan said on Tuesday that its expects sales this year to reach 2.8 million units, up 9.7 percent year-on-year. It had seen sales grow steadily over the past years, from 2 million units in 2020 to 2.55 million units last year, …

Fast sales growth forecast for largest vehicle market
11 months, 1 week ago

Fast sales growth forecast for largest vehicle market

China Daily  

Vehicles are stacked up for export in the Haitong International Automotive Terminal in Taicang Port, Jiangsu province, on Dec 1. Carmakers in China manufactured 30.16 million vehicles and delivered 30.09 million units in 2023, up 11.6 percent and 12 percent year-on-year, respectively, said the China Association of Automobile Manufacturers. The CAAM's official estimate for vehicle sales this year stands at …

Automakers floor accelerator in bid for growth
11 months, 3 weeks ago

Automakers floor accelerator in bid for growth

China Daily  

A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. China, which has been the world's largest vehicle market since 2009, is expected to see sales hit a record 30 million units this year and rise to 31 million units in 2024, according to estimates by the country's leading automotive trade association. Great Wall …

Automakers floor accelerator in bid for growth
11 months, 3 weeks ago

Automakers floor accelerator in bid for growth

China Daily  

A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. China, which has been the world's largest vehicle market since 2009, is expected to see sales hit a record 30 million units this year and rise to 31 million units in 2024, according to estimates by the country's leading automotive trade association. Great Wall …

November auto sales see spurt in sales
1 year ago

November auto sales see spurt in sales

Deccan Chronicle  

Pune: Sales of passenger vehicles continued on an impressive run in November with major automakers posting a rise in sales except Tata Motors, which clocked a marginal drop in sales. Sales of passenger vehicles at Maruti Suzuki, India’s biggest carmaker grew 1.33 per cent at 1,34,158 units last month compared to 1,32,395 units in November 2022. “Seven out of top …

Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50%
1 year, 1 month ago

Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50%

Associated Press  

BEIJING — Sales of passenger cars rose 10.2% in October over a year earlier, an industry association said Wednesday, as makers ramped up promotions and customers opted for electric and hybrid vehicles. Sales of electric and hybrid vehicles climbed 37.5% from a year earlier, accounting for 767,000 of the 2.03 million vehicles sold in October, the China Passenger Car Association …

China: Car Sales Witness Growth by 2 Percent in Aug 2023
1 year, 3 months ago

China: Car Sales Witness Growth by 2 Percent in Aug 2023

News 18  

China’s passenger vehicle sales returned to growth in August year-on-year, as deeper discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment even as economic growth remains weak. Car sales jumped 2.2% in August from the same month a year ago to 1.94 million units, data from the China Passenger Car Association showed on Friday, the first …

Electric vehicle sales gain traction in rural areas
1 year, 5 months ago

Electric vehicle sales gain traction in rural areas

China Daily  

Workers make NEV charging facilities in Huzhou, Zhejiang province. Cui, from the China Passenger Car Association, said the stimuli show the importance the central government attaches to the booming NEV sector. The China Passenger Car Association estimates that sales of passenger NEVs are expected to reach 8.5 million units this year, accounting for 36 percent of total vehicle sales in …

New car sales boom in first 6 months of year
1 year, 5 months ago

New car sales boom in first 6 months of year

China Daily  

Consumers inspect BYD's NEV models at a shopping mall in Beijing Chaoyang district on June 22. Automobile makers in China produced 13.25 million vehicles in the first half and delivered 13.24 million units, up 9.3 percent and 9.8 percent year-on-year, according to the China Association of Automobile Manufacturers. Statistics from the CAAM show that sales of China-made premium vehicles from …

China’s auto sales rise 8.8% in first half of 2023, but growth is fading as economy cools
1 year, 5 months ago

China’s auto sales rise 8.8% in first half of 2023, but growth is fading as economy cools

Associated Press  

BEIJING — China’s auto sales rose 8.8% over a year earlier in the first half of 2023 as electric vehicle purchases surged, but growth is fading as an economic rebound following the end of anti-virus controls cools, an industry group reported Tuesday. China’s economic growth rebounded to 4.5% over a year earlier in the first three months of 2023 from …

Auto sales on growth track riding on demand for SUVs
1 year, 6 months ago

Auto sales on growth track riding on demand for SUVs

The Hindu  

Automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra, and Toyota Kirloskar Motor on Thursday reported robust wholesales of passenger vehicles in the domestic market in May riding on strong demand for SUVs. Market leader Maruti Suzuki India reported a 15% rise in total domestic passenger vehicle sales at 1,43,708 units as compared with 1,24,474 units in the same …

Retail Auto Sales See Double-Digit Growth In February On Strong Demand
1 year, 9 months ago

Retail Auto Sales See Double-Digit Growth In February On Strong Demand

ABP News  

India's automobile retail sales registered a double-digit year-on-year growth in February driven by robust sales across segments, including passenger vehicles and two-wheelers, automobile dealers' body Federation of Automobile Dealers Associations said on Monday. According to the FADA release, total registrations across segments rose 16 per cent YoY to 17,75,424 units last month, as compared to 15,31,196 vehicles in February 2022. …

The week in 5 charts | Joshimath land subsidence, 2022 sixth-warmest year, invasion of the Brazilian Congress, and more
1 year, 11 months ago

The week in 5 charts | Joshimath land subsidence, 2022 sixth-warmest year, invasion of the Brazilian Congress, and more

The Hindu  

Joshimath land subsidence Joshimath, the gateway to Uttarakhand’s holy places, is sinking. According to NASA, last year was the world’s joint fifth-warmest on record and the last nine years were the nine warmest since pre-industrial times, putting the 2015 Paris Agreement’s goal to limit global warming to 1.5C in serious jeopardy. India’s sales of new vehicles totalled at least 4.25 …

Big automakers halt production in pauper Pakistan as India surges past Japan as 3rd largest auto market
1 year, 11 months ago

Big automakers halt production in pauper Pakistan as India surges past Japan as 3rd largest auto market

Firstpost  

New Delhi/Islamabad: Days after India surpassed Japan to become the third largest auto market, neighbouring Pakistan recorded a steep decline in auto sales with manufacturers forced to shut down production owing to reduced demand and ‘cash flow constraints’. On the other hand, Pakistan’s biggest agricultural machinery manufacturer, Millat Tractors Limited has announced that its production will remain closed until further …

China’s 2022 auto sales rise 9.5% but growth weakening
1 year, 11 months ago

China’s 2022 auto sales rise 9.5% but growth weakening

Associated Press  

BEIJING — China’s auto sales rose 9.5% last year as electric vehicle purchases nearly doubled, but demand in the global industry’s biggest market slumped in December, foreshadowing weaker growth this year, a trade group reported Thursday. In December, sales fell 6.7% from a year earlier to 2.3 million as consumer spending weakened under pressure from anti-virus restrictions that kept millions …

GM reclaims US auto sales crown from Toyota after 2.5% rise in 2022 sales
1 year, 11 months ago

GM reclaims US auto sales crown from Toyota after 2.5% rise in 2022 sales

Live Mint  

General Motors Co reclaimed the top spot in U.S. auto sales from rival Toyota Motor Corp in 2022 as it was able to better meet strong demand for cars and trucks despite industry-wide supply disruptions. Shares of GM rose 2.7% in afternoon trade on Wednesday to $34.75, after the company posted a 2.5% rise in 2022 sales to 2,274,088 vehicles, …

Toyota records 66% growth in yearly sales. Check how others fared
2 years, 2 months ago

Toyota records 66% growth in yearly sales. Check how others fared

Hindustan Times  

Automakers have released sales figures for September. At 66 per cent, Toyota's annual growth was the highest, followed by Tata Motors at 42 per cent, the report stated. Representative Image Here's how each company fared: Toyota: Headquartered at Bidadi, near Bengaluru, Toyota Kirloskar sent 15,378 units to its dealers last month, up from 9,284 units in September 2021, a rise …

China's auto sales up 0.9% in January
2 years, 10 months ago

China's auto sales up 0.9% in January

China Daily  

Visitors inspect automobiles showcased at an auto show in Nanjing, Jiangsu province. BEIJING -- China's auto sales in January rose 0.9 percent year-on-year to 2.53 million units, data from the China Association of Automobile Manufacturers showed Friday. Last month's auto production rose 1.4 percent year-on-year to 2.42 million units. Sales of new energy vehicles kept improving in January, surging 140 …

NEVs to make up 30% of new car sales in 2025
3 years, 1 month ago

NEVs to make up 30% of new car sales in 2025

China Daily  

Staff members work on the production line of new energy vehicle at an automobile company in Liuzhou, South China's Guangxi Zhuang autonomous region, on Aug 12, 2021. Electric cars and plug-in hybrids are expected to account for 30 percent of new vehicle sales in China in 2025, according to Zhang Yongwei, a chief expert at Chinese auto think tank EV …

NEVs make up 10% of China's vehicle sales in first 7 months
3 years, 4 months ago

NEVs make up 10% of China's vehicle sales in first 7 months

China Daily  

Visitors try out an inbuilt version of the Xuexi Qiangguo app launched by Chinese new energy vehicle startup WM Motor in Beijing. One in every 10 vehicles sold in China from January to July this year was a new energy vehicle, and their popularity is expected to grow further in coming months, according to a top industry association on Wednesday. …

Monthly sales hit but full year looking good
3 years, 5 months ago

Monthly sales hit but full year looking good

China Daily  

BYD displays its Qin Plus DM-i model at the 2021 Chongqing International Auto Exhibition last month. More than 1.2 million electric cars and plug-in hybrids were sold in the first half, up over 200 percent year-on-year and accounting for 9.4 percent of total new car sales in the period. Its sales in the first half of the year totaled 618,211 …

Hyundai Reports 29 Percent YoY Growth in Domestic Sales in February 2021
3 years, 9 months ago

Hyundai Reports 29 Percent YoY Growth in Domestic Sales in February 2021

News 18  

Hyundai Motor India on Monday reported a growth of 26.4 per cent in its overall sales including exports during February. Commenting on the February 2021 sales performance, Tarun Garg, Director, HMIL said, “Hyundai Motor India has been consistently striving to drive a resurgence in sales, thereby contributing towards economic recovery and bringing the industry closer to pre-Covid level sales. With …

Hyundai Registers 9.4 Percent Growth in Domestic Sales, Retails 48,800 Units in November 2020
4 years ago

Hyundai Registers 9.4 Percent Growth in Domestic Sales, Retails 48,800 Units in November 2020

News 18  

Hyundai Motor India Ltd. recorded the highest ever November Month Domestic sales of 48,800 units and exports of 10,400 units with cumulative sales of 59,200 units for November 2020. Hyundai retailed 44,600 units in November last year, meaning the South Korean automaker registered 9.4 percent growth. Commenting on the strong November sales performance, Mr. Tarun Garg, Director, HMIL said, “Building …

Carmakers in India Report Highest Ever Sales in October 2020; Is the Worst Over for Auto Companies?
4 years, 1 month ago

Carmakers in India Report Highest Ever Sales in October 2020; Is the Worst Over for Auto Companies?

News 18  

Most of the carmakers in India have reported their highest ever sales in the month of October 2020, while other have shown positive growth. Amongst the major players, Maruti Suzuki’s total sales rose 18.9 per cent to 1,82,448 units from 1,53,435 units sold in October 2019. It reported a 13.2 per cent growth in its domestic sales compared to 50,010 …

COVID-19 Hit Indian Auto Industry Shows Sign of Recovery, Records Almost 30 Percent Growth
4 years, 2 months ago

COVID-19 Hit Indian Auto Industry Shows Sign of Recovery, Records Almost 30 Percent Growth

News 18  

The Indian auto industry, in 2019, recorded its worst ever sales in almost 2 decades, with numbers falling as low as 50 percent. #SIAMData #BTNR— SIAM India October 16, 2020 The recently released sales data from September 2020 reveals that the Indian car industry has registered a massive growth of 28.92 percent in overall sales as compared to same period …

China's auto imports, exports further recover in August
4 years, 2 months ago

China's auto imports, exports further recover in August

China Daily  

The BMW booth is seen at the 17th China Changchun International Automobile Expo in Changchun, Northeast China's Jilin province, on July 10, 2020. BEIJING - China's automobile imports and exports continued to rebound in August by gaining 9.2 percent month-on-month, according to data provided by the China Association of Automobile Manufacturers. Month on month, auto imports climbed 10.6 percent to …

Policies to spur sales of cars in second half
4 years, 4 months ago

Policies to spur sales of cars in second half

China Daily  

Visitors look at a vehicle on display during an auto expo in Nanjing, Jiangsu province. The nation will come out with several measures in the second half of the year, including easing curbs on car purchases in cities and offering subsidies to buyers of new energy vehicles, Ning Jizhe, vice-minister of the National Development and Reform Commission, said in an …

State-owned firms' May profits rise 251.1 percent
4 years, 5 months ago

State-owned firms' May profits rise 251.1 percent

China Daily  

Workers examine cars on a production line at Changan Automobile in Chongqing. The May profits of China's State-owned enterprises rebounded strongly from a month earlier, rising 251.1 percent, adding to the signs of economic recovery in the year's second quarter, the Ministry of Finance said on Monday. Chongqing Changan Automobile Co, one of China's main automakers by market share, saw …

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