China's new vehicle sales fell for the first time in four months in January. Manufacturing plants and dealerships were closed for the Lunar New Year holiday, which started earlier than last year.
The China Association of Automobile Manufacturers says sales including exports declined 0.6 percent from a year earlier to 2.42 million units.
Shipments of electric, plug-in hybrid, and fuel-cell models bucked the overall trend, surging almost 30 percent to account for nearly two fifths of total sales. That was partly due to the government's measures to encourage replacement purchases.
Total vehicle exports including gasoline models increased 6.1 percent year-on-year.
Attention is now focused on the impact higher tariffs imposed by the Trump administration on goods imported from China will have on the country's vehicle sales.
The China Association of Automobile Manufacturers says sales including exports declined 0.6 percent from a year earlier to 2.42 million units.
Shipments of electric, plug-in hybrid, and fuel-cell models bucked the overall trend, surging almost 30 percent to account for nearly two fifths of total sales. That was partly due to the government's measures to encourage replacement purchases.
Total vehicle exports including gasoline models increased 6.1 percent year-on-year.
Attention is now focused on the impact higher tariffs imposed by the Trump administration on goods imported from China will have on the country's vehicle sales.
Similar Readings (5 items)
China new car sales down for third consecutive month
China car sales in September fall for 4th straight month
China's new car sales down for second consecutive month
New car sales in Japan hit 45-year low
China's new car sales rise year-on-year in April, but demand still weak
Summary
January 2022 saw a decline in new vehicle sales in China for the first time in four months, attributed to factory and dealership closures during the Lunar New Year holiday. Sales including exports dropped 0.6% to 2.42 million units, according to the China Association of Automobile Manufacturers.
Statistics
126
Words1
Read CountDetails
ID: 3b840436-08e3-43e5-8ea8-6f5d1fe40ef8
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250218_B02/
Created: 2025/02/18 19:00
Updated: 2025/12/08 06:08
Last Read: 2025/02/18 20:28