Introduction AUTO--REVIEW

In October 2024, automobile production and sales reached 2.996 million and 3.053 million units respectively, representing a month-on-month increase of 7.2% and 8.7% respectively, and a year-on-year increase of 3.6% and 7.0% respectively.

From January to October, automobile production and sales reached 24.466 million and 24.624 million units respectively, representing a year-on-year increase of 1.9% and 2.7% respectively. The growth rate of automobile production narrowed by 0.01 percentage points compared to the first nine months, while the sales growth rate expanded by 0.36 percentage points.

Key Points Overview

Automobiles overall: Sales of 3.053 million units in October, up 7.0%; cumulative sales of 24.624 million units from January to October, up 2.7%

Passenger vehicles: Sales of 2.755 million units in October, up 10.7%; cumulative sales of 21.434 million units from January to October, up 3.7%

Commercial vehicles: Sales of 298,000 units in October, down 18.3%; cumulative sales of 3.19 million units from January to October, down 3.4%

New energy vehicles: Sales of 1.43 million units in October, up 49.6%; cumulative sales of 9.75 million units from January to October, up 33.9%

Chinese brand passenger vehicles: Sales of 1.931 million units in October, up 30.0%; cumulative sales of 13.849 million units from January to October, up 21.2%

Automobile exports: Exports of 542,000 units in October, up 11.1%; cumulative exports of 4.855 million units from January to October, up 23.8%

Sales of new energy vehicles from China Association of Automobile Manufacturers