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China's Automobile Production And Sales Situation in October 2023

Views: 0     Author: Wondee Autoparts     Publish Time: 2023-12-19      Origin: Wondee Autoparts

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In October 2023, China's automobile production and sales reached 2.891 million and 2.853 million respectively, with a month-on-month increase of 1.5% and a month-on-month decrease of 0.2% in sales, with year-on-year growth of 11.2% and 13.8%, respectively. The production and sales volume reached a new historical high for the same period in September.

From January to October, China's cumulative production and sales of automobiles reached 24.016 million and 23.967 million, with year-on-year growth of 8% and 9.1%, respectively.


In October 2023, China's commercial vehicle production and sales completed 378,000 and 365,000 units respectively, with a month-on-month increase of 6.9% in production and a month-on-month decrease of 1.7% in sales, with year-on-year growth of 42.7% and 33.4%, respectively. Among them, the production and sales of trucks reached 333,000 and 322,000 respectively, with a month-on-month increase of 7.4% in production and a month-on-month decrease of 1.2% in sales; The year-on-year growth was 47.8% and 35.2%, respectively. The production and sales of passenger vehicles reached 45,000 and 43,000 units respectively, with a month-on-month increase of 3.4% in production and a month-on-month decrease of 5.6% in sales, with year-on-year growth of 14.3% and 21.2%, respectively.


From January to October 2023, China's cumulative production and sales of commercial vehicles reached 3.286 million and 3.303 million, with year-on-year growth of 22.1% and 19.8%, respectively. Among them, the production and sales of trucks reached 2.892 million and 2.914 million respectively, with an increase of 22.1% and 19.5% year-on-year. The production and sales of passenger vehicles reached 393,000 and 389,000 units respectively, with year-on-year growth of 21.7% and 22.2%.


In terms of new energy, in October 2023, China's new energy vehicles continued to maintain rapid growth, with production and sales reaching new highs. The production and sales of new energy vehicles in that month reached 989,000 and 956,000 respectively, with a month-on-month increase of 12.5% and 5.7%, and a year-on-year increase of 29.2% and 33.5%, respectively. The market share reached 33.5%.

From January to October 2023, China's cumulative production and sales of new energy vehicles reached 7.352 million and 7.28 million, with year-on-year growth of 33.9% and 37.8% respectively, and a market share of 30.4%.


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

Translated by; WONDEE Autoparts

2023/12/19

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