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China's new vehicle sales post first drop in 4 months NHK

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.
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.
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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