China's Car Imports Decline Sharply by 39% in Q1 2025
게시됨: Apr 27, 2025 09:43
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From January to March 2025, 95,000 units of imported cars were recorded. Cui Dongshu, Secretary General of the Passenger Car Association, stated that China's car imports had been declining at an average annual rate of around 8% from 1.24 million units in 2017 to only 800,000 units in 2023. In 2024, car imports amounted to 700,000 units, a YoY decrease of 12%. From January to March 2025, 95,000 units of cars were imported, a YoY drop of 39%, marking a rare significant decline for the first quarter. Among these, 39,000 units were imported in March, a decrease of 27%, showing a slight improvement in the rate of decline.
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