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Home / Metal News / China car sales declined 8.2% in 2019

China car sales declined 8.2% in 2019

Jan 13, 2020 15:07

Source:SMM

NEV sales shrank 4% in 2019 to 1.21 million units

SHANGHAI, Jan 13 (SMM) – China’s automobile sales dropped 8.2% in 2019 to 25.77 million units, the China Association of Automobile Manufacturers (CAAM) said on Monday.

Passenger vehicles accounted for 21.44 million units, shrinking 9.6% year on year.

In 2018, automobile sales in China declined 2.8%, marking the first contraction since the 1990s.

CAAM data also revealed that sales of new energy vehicles in China slipped for the first time since the government began to vigorously promote clean energy vehicles about a decade ago, due to macroeconomic pressure and a significant cut in subsidies.

NEV sales shrank 4% in 2019 to 1.21 million units.

The industry ministry said over the weekend that China will not make significant cuts to subsidies for NEVs this year, which reassured carmakers.

Sales data

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This is an improvement from the industry body’s previous estimate of a decline of 15% to 25%, following signs of recovery from the coronavirus pandemic.

Jun 23, 2020 14:04

Industry

CAAM: China's auto sales to fall 10%-20% in 2020

CAAM: China car production and sales returned to double-digit growth in May

China’s production and sales of automobiles both achieved double-digit growth in May, boosting optimism over the recovery from the Covid-19 pandemic.

Jun 11, 2020 16:30

Analysis

CAAM: China car production and sales returned to double-digit growth in May

China's new energy passenger car sales rose 19.5% in May from month ago: CPCA

China’s wholesale deliveries of new energy passenger vehicles rose 19.5% to 70,200 units in May from the previous month, according to data from the China Passenger Car Association (CPCA) released Monday.

Jun 9, 2020 15:32

Analysis

China's new energy passenger car sales rose 19.5% in May from month ago: CPCA

CAAM: China’s car sales rose 11.7%YoY in May

Sales of automobile in China rose 11.7% to 2.14 million units in May from a year earlier, according to the flash estimate by the China Association of Automobile Manufacturers (CAAM) released Tuesday.

Jun 3, 2020 11:11

Analysis

CAAM: China’s car sales rose 11.7%YoY in May

China's new energy passenger car sales in March quadrupled from February: CPCA

China’s wholesale deliveries of new energy passenger vehicles stood at 56,000 units in March, 49.2% lower from the same period last year but nearly quadruple from February, said the China Passenger Car Association (CPCA) on April 9.

Apr 10, 2020 11:52

Analysis

China's new energy passenger car sales in March quadrupled from February: CPCA

China excavator sales rose 12% YoY in March

China’s excavator sales increased 11.6% year on year in March, recovering from a 50.5% tumble in February, as key construction projects resumed work after the coronavirus pandemic outbreak in the country came under control.

Apr 9, 2020 13:53

Analysis

China excavator sales rose 12% YoY in March

CPCA: China’s passenger car sales dropped 78.5% YoY in February

The China Passenger Car Association (CPCA) said on Monday that retail sales of sedans, multi-purpose vehicles (MPVs) and sport utility vehicles (SUVs) in China stood at 252,308 units in February, down 85.3% from a month earlier and 78.5% from a year earlier.

Mar 9, 2020 16:31

Analysis

CPCA: China’s passenger car sales dropped 78.5% YoY in February

China passenger car retail sales in February likely record biggest decline in 2 decades: CPCA

China’s passenger car retail sales could plunge 80% on a yearly basis in February, the biggest decline in over two decades, according to a preliminary estimate by the China Passenger Car Association..

Mar 5, 2020 11:30

Analysis

China passenger car retail sales in February likely record biggest decline in 2 decades: CPCA

China NEV sales growth slowed to 5.1% in 2019

About 1.06 million new energy passenger vehicles were sold in China in 2019, up 5.1% from 2018

Jan 10, 2020 11:01

Analysis

China NEV sales growth slowed to 5.1% in 2019

China car sales to slip 2% in 2020

China's auto market is unlikely to recover until 2022

Dec 13, 2019 11:07

Industry

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China car sales declined 8.2% in 2019

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