Monthly automobile sales in China 2021-2023

The graph shows passenger and utility vehicle sales in China from January 2021 to December 2023. In December 2023, approximately 2.8 million passenger cars and 364,000 commercial vehicles were sold in China, an increase compared to the previous month. 

Automobile demand in China

China is home to the world’s largest market for automobile sales. Despite the recent decline in passenger car sales in China during the COVID-19 pandemic, the market bounced back and in 2023, the sales exceeded 26 million units, making it the highest figure in the past years. 

Chinese car manufacturers

China’s automobile market used to be dominated by international car manufacturers until recently. In 2021, Chinese manufactured vehicles had a market share of about 44.4 percent in the Chinese vehicle market, followed by German vehicles and Japanese vehicles. The leading passenger car manufacturer is FAW-Volkswagen, which reported sales of about 1.8 million vehicles in the same period.