Home / China News / News detail

China auto sales surge 29.5% YoY in Jan. 2021

Monika From Gasgoo| February 09 , 2021 14:11 BJT

Shanghai (Gasgoo)- China auto outputs and sales reached 2.388 million and 2.503 million units respectively in Jan. 2021, leaping 34.6% and 29.5% from a year earlier, and showing year-on-year growth for the tenth month in a row, according to the China Association of Automobile Manufacturers (CAAM).

China auto sales surge 29.5% YoY in Jan. 2021

The substantial year-on-year increase mainly flew from the rising market demands and the relatively low base for the prior-year period led by the Chinese New Year Holiday and the impact of coronavirus pandemic, said the CAAM.

China auto sales surge 29.5% YoY in Jan. 2021

Nevertheless, compared to Dec. 2020, China's auto industry posted a 15.9% and 11.6% decrease in Jan. production and sales volumes respectively, reflecting the influence from chip shortage.

China auto sales surge 29.5% YoY in Jan. 2021

In Jan., PV sales in China jumped 26.8% over a year earlier to 2.045 million units. The car, the SUV and the MPV segments all logged double-digit growth year on year, while they all faced decrease from the previous month.

Last month, the CV outputs and sales shot up 44.3% and 43.1% from the previous year respectively. Thanks to the robust demands of trucks, the monthly CV sales hit the record-breaking number for ten consecutive months as of Jan. 2021.

New Energy vehicle (NEV) wholesale in China surged 238.5% over a year ago to around 179,000 units in Jan., marking the seventh consecutive month of record-breaking numbers.

Among the NEVs sold last month, 151,000 units were full-electric vehicles, a 287.8% precipitous rise over the previous year. Moreover, plug-in hybrid electric vehicle (PHEV) sales zoomed up 104.7% to roughly 29,000 units, while fuel cell vehicle (FCV) sales reached 63 units (-63.2% YoY).

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:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

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