China’s car parc amounts to 281 million units by end of 2020

Shanghai (Gasgoo)- China's motor vehicle parc amounted to roughly 372 million units by the end of 2020, of which 281 million units are automobiles, according to China's Ministry of Public Security.

There were 33.28 million motor vehicles newly registered in 2020, representing a growth of 3.56% compared to the year of 2019.

On a quarterly basis, the motor vehicle registrations reached 5.77 million units in the first quarter, dropping 21.17% year on year due to the coronavirus pandemic. As the auto consumption gradually recovered, the registrations stood at 8.36 million units (+7.18% YoY) in the second quarter and represented rapid growth in the second half of the year. In the third and fourth quarters, about 9.03 million and 10.12 million motor vehicles were registered, up by 20.48% and 29.27% respectively from a year earlier.

Among the motor vehicles registered last year, 24.24 million units were automobiles, a year-over-year decline of 5.95%. Of those, the annual registrations of trucks hit a new high of 4.16 million units (+18.43% YoY) for the past decade.

The full-year registrations of motorcycles surged 43.07% over the year-ago period to 8.26 million units.

As of December 2020, there have been 70 cities in China whose car parc all topped 1 million units, four cities more than the prior-year period. A total of 13 cities got over 3 million automobiles run on roads there, namely Beijing, Chengdu, Chongqing, Suzhou, Shanghai, Zhengzhou, Xi’an, Wuhan, Shenzhen, Dongguan, Tianjin, Qingdao and Shijiazhuang. Notably, the car parc of Beijing， Chengdu and Chongqing all exceeded 5 million units, and the volume of Suzhou, Shanghai and Zhengzhou all surpassed 4 million units.