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China's auto retail sales generated monthly revenues of approximately 367 billion yuan in March 2022. In 2021, the monthly revenue of car retail in China fluctuates between 328 billion yuan and 465 billion yuan.

Automotive manufacturing and production in China

China is considered to be the world's largest automaker, reporting an annual production of 26 million vehicles in 2021. The number of units manufactured in China was well ahead of the production volumes of other countries, while the second placeholder United States reported a total volume of about 9.2 million units in the same period. The Shanghai Automotive Industry Corporation was China’s leading vehicle manufacturer, having generated approximately 742 billion yuan of revenue in 2021. It was followed by the Weichai Diesel Engine Factory with about 197 billion yuan in revenue.

Passenger vehicles sales

In 2021, China's vehicle sales amounted to 26.3 million units, of which nearly 21.5 million were passenger vehicles. In particular, sales of sport utility vehicles (SUVs) are gaining momentum in China, hitting 10 million units in that year and increasing their share in the Chinese passenger car market to nearly 48 percent.

Monthly retail trade revenue of cars in China from March 2020 to March 2022 (in billion yuan)

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Release date

April 2022

More information

Region

China

Survey time period

March 2020 to March 2022

Supplementary notes

* According to the source, figures for January and February have been grouped together to curb the influence of the Chinese New Year on the statistic.

Note: 1 yuan equals approximately 0.15 U.S. dollars or 0.14 euros (as of May 2022).

According to the source, retail sales refer to the trade revenue of tangible goods not intended for business use traded from wholesale and retail companies to individuals or non producing social organizations. Figures include total revenues of the food and beverage service industry.
During the survey, only wholesale companies with an annual revenue of 20 million yuan and above as well as retail companies with an annual revenue of five million yuan were questioned.

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