Analysis of the Production and Sales Situation of China's Automotive Industry in June 2023

According to statistics from the China Association of Automobile Manufacturers, due to policies such as halving the purchase tax on gasoline vehicles during the same period last year, the cumulative growth rate of automobile production and sales from January to June this year has slowed down compared to that of January to May.

In June 2023, China's automobile production and sales completed 2.561 million and 2.622 million units respectively, with a month-on-month increase of 9.8% and 10.1%, and a year-on-year increase of 2.5% and 4.8%, respectively.

From January to June 2023, China's automobile production and sales reached 13.248 million and 13.239 million units respectively, with year-on-year growth of 9.3% and 9.8%, respectively.

In June 2023, China's passenger vehicle production and sales completed 2.219 million and 2.268 million units respectively, with a month-on-month increase of 10.4% and 10.6%, a year-on-year decrease of 0.9% in production and a year-on-year increase of 2.1% in sales.

From January to June 2023, China's passenger vehicle production and sales reached 11.281 million and 11.268 million units, respectively, with year-on-year growth of 8.1% and 8.8%.

In June 2023, China's commercial vehicle production and sales reached 3420,00 and 355,000 units respectively, with a month-on-month increase of 6.3% and 7.3% respectively; The year-on-year growth was 31.3% and 26.3% respectively.

From January to June 2023, China's commercial vehicle production and sales completed 1.967 million and 1.971 million units respectively, with year-on-year growth of 16.9% and 15.8%, respectively.

In June 2023, China's production and sales of new energy vehicles completed 784,000 and 806,000 units respectively, with year-on-year growth of 32.8% and 35.2%, respectively.

From January to June 2023, China's production and sales of new energy vehicles reached 3.788 million and 3.747 million, respectively, with year-on-year growth of 42.4% and 44.1%.

(Note: the above data are from China Association of Automobile Manufacturers)

Translated by; WONDEE Autoparts

2023/7/24