China Shows Continuous Decline in Car Production & Sales

According to China Association of Automobile Manufacturers (CAAM), in Nov. 2018 China’s car production and sales showed a slight increase compared to the previous month, however, it still showed a significant decline compared to the same month last year. In the first 11 months, China’s car production and sales both showed continuous decline compared to the same period last year and the decline margin became larger as well.  
 
In Nov. 2018 China produced 2.4984 million units of vehicles, up 7.02% from the previous month and down 18.89% from the same month in 2017; 2.5478 million units of vehicles were sold in China in Nov. 2018, up 7.05% from the previous month and down 13.86% compared to the same month in 2017. Among the numbers, China produced 2.1229 million units of passenger cars, up 6.03% from the previous month and down 20.46% from the same month in 2017; 2.1735 million units of passenger cars were sold, up 6.19% from the previous month and down 16.06% from the same month in 2017. China produced 0.3754 million units of commercial vehicles, up 13% from the previous month and down 8.69% from the same month in 2017; 0.3743 million units of commercial vehicles were sold, up 12.32% from the previous month and up 1.68% from the same month in 2017.
 
In the first 11 months, China produced 25.3252 million units of cars (down 2.59% from the same period in 2017) and 25.4197 million units of cars were sold in China (down 1.65% from the same period in 2017). In terms of passenger cars, China produced 21.4741 million units (down 3.37% from the same period in 2017) and 21.4784 million units were sold in China (down 2.77% from the same period in 2017); in terms of commercial vehicles, China produced 3.851 million units (up 1.97% from the same period in 2017) and 3.9413 million units were sold in China (up 5% from the same period in 2017).