China Reports 48% Increase in H1 Auto Sales

The global auto market generally continued the downward trend of the previous two months in September, and the decline in sales further expanded. However, the new energy vehicle market performed otherwise. The sales of electric vehicles in various countries have shown steady growth compared with the same period last year and in August.

China produced 198,000 new energy vehicle (NEV) and sold 200,000 in November, jumping 75.1% and 104.9% year on year respectively, according to data from China Association of Automobile Manufacturers (CAAM).

In early August, automobile output by 11 key Chinese automakers stood at 1.11 million units, down 15.8% from early July, but up 46.4% from the same period last year, while sales came in at 939,000 units, down 0.3% month on month and 4.2% year on year, according to data from China Association of Automobile Manufacturers (CAAM).

China's comprehensive inventory coefficient for car dealers was 1.92 in April 2017, up 16% MoM and 25% YoY.

China reported its auto sales at 2.07 million units in August.