Contact Us

Home> China News> News detail

China’s auto market posts contracted decrease in Jan.-Oct. sales

Monika From Gasgoo| November 11 , 2019

Shanghai (Gasgoo)- China's auto outputs and sales in October slid 1.7% and 4.0% from the previous year, versus 6.2% and 5.2% decrease for the previous month, according to the China Association of Automobile Manufacturers (CAAM).

China auto sales Oct., China auto outputs Oct., China automotive news

The overall market was seeing a limited rebound in outputs and sales for October, said the association. The PV sector still came under pressure from the unimproved market demands, while the CV sector has maintained a good rising momentum thanks to the speed-up phase-out of old products and driving forces of investments.

For the first ten months, auto outputs and sales in this country fell 10.4% and 9.7% year on year respectively, 1.0 and 0.6 percentage points less than the decline in Jan.-Sept. numbers.

China auto sales Oct., China auto outputs Oct., China automotive news

Last month, China automakers sold a total of 1.928 million PVs, a year-on-year decrease of 5.8%. Compared with the year-ago period, SUV sales climbed 0.1%, but both car and MPV sectors posted double-digit decline.

Year-to-date PV sales dipped 11% over the prior-year period, versus 11.7% drop in Jan.-Sept. volume. Except the SUV, the car, MPV and minibus sectors all posted double-digit decrease.

China auto sales Oct., China auto outputs Oct., China automotive news

(Photo source: BAIC BJEV)

It is worth mentioning that China's NEV sales have been representing decrease for four straight months. Last month, roughly 75,000 NEVs were sold across China, plunging 45.6% over a year earlier.

Affected by the sales slump in October, the growth in year-to-date NEV sales continued to shrink. After 10 months of this year, cumulative NEV sales amounted to around 947,000 units, up by 10.2% year on year, while the number stood at 20.8% for the first three quarters.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:   Seller Service:

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us:

Hot Auto Products| e-Catalog| Auto Products Directory| Auto Parts Manufacturers|

Gasgoo Site: Automotive News| 中文站| 汽车资讯| 出口供应商| 汽车社区|

Copyright Notice © 2016 Corporation and its licensors. All rights reserved. Updated:2020/2/27 6:40:45