- Analytics
- News and Tools
- Market News
- China auto sales head for rebound this year - CAAM
China auto sales head for rebound this year - CAAM
According to the report from the China Association of Automobile Manufacturers (CAAM), China's vehicle sales fell for a third consecutive year in 2020, but year-on-year sales rose for a ninth straight month in December.
China's auto sales fell 1.9% to 25.3 million vehicles last year from 2019.
Sales in the world's biggest auto market rose 6.4% in December from a year earlier to reach 2.83 million vehicles. But the pace of growth slowed sharply from a 12.6% year-on-year rise in November.
Passenger vehicle sales fell 6% for the full year of 2020, data from the China Association of Automobile Manufacturers (CAAM) showed.
For commercial vehicles, which constitute around a quarter of the overall market, sales surged 19%, driven by government investment in infrastructure and as buyers upgraded to comply with tougher emissions rules.
Sales of new energy vehicles (NEVs) in 2020 increased 11% from 2019 to 1.37 million units. NEVs include battery-powered electric, plug-in petrol-electric hybrid and hydrogen fuel-cell vehicles.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
