Production and Sales Situation of China's Automotive Industry in December 2023

According to statistics and analysis from the China Association of Automobile Manufacturers, China's total automobile production and sales have remained the world's top for 15 consecutive years. In 2023, automobile production and sales exceeded 30 million units, achieving double-digit growth throughout the year. The passenger car market has performed well, with rapid growth in production and sales. The commercial vehicle market has stabilized and rebounded, and new energy vehicles have maintained a prosperous development trend in production and sales.

In December 2023, China's automobile production and sales reached 3.079 million and 3.156 million respectively, with a month on month decrease of 0.5% in production and a month on month increase of 6.3% in sales, with year-on-year growth of 29.2% and 23.5%, respectively.

In 2023, China's automobile production and sales reached 30.161 million and 30.094 million units, respectively, with year-on-year growth of 11.6% and 12%. Compared with the previous year, the production growth rate increased by 8.2 percentage points and the sales growth rate increased by 9.9 percentage points.

In December 2023, China's production and sales of passenger cars reached 2.713 million and 2.792 million respectively, with a month on month increase of 0.3% and 7.2%, and a year-on-year increase of 27.7% and 23.3%, respectively.

In 2023, China's production and sales of passenger cars reached 26.124 million and 26.063 million, respectively, with year-on-year growth of 9.6% and 10.6%.

In December 2023, China's production and sales of commercial vehicles reached 366,000 and 364,000 respectively, a decrease of 5.7% and 0.4% compared to the previous month; The year-on-year growth was 41.7% and 25.1%, respectively.

In 2023, China's production and sales of commercial vehicles reached 4.037 million and 4.031 million respectively, with year-on-year growth of 26.8% and 22.1%.

In December 2023, China's production and sales of new energy vehicles reached 1.172 million and 1.191 million, respectively, with a year-on-year increase of 47.5% and 46.4%.

In 2023, China's production and sales of new energy vehicles reached 9.587 million and 9.495 million respectively, with year-on-year growth of 35.8% and 37.9%.

In December 2023, the domestic sales of automobiles in China reached 2.657 million units, a month on month increase of 6.8% and a year-on-year increase of 19%.

In 2023, the domestic sales of automobiles in China reached 25.184 million units, a year-on-year increase of 6%.

In December 2023, China's automobile exports reached 499,000 units, a month on month increase of 3.5% and a year-on-year increase of 54.3%.

In 2023, China's automobile exports reached 4.91 million units, a year-on-year increase of 57.9%.

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

Translated by; WONDEE Autoparts

2024/1/29