According to the latest retail sales statistics from the Automobile Market Research Branch of the China Automobile Dealers Association (Passenger Car Association), retail sales in the domestic narrow passenger car market reached 2.353 million units in December 2023, a year-on-year increase of 8.5% %, a month-on-month increase of 13.1%; cumulative sales from January to December were 21.703 million vehicles, a year-on-year increase of 5.6%.
In December 2023, the wholesale and retail sales of the automobile market both strengthened year-on-year and month-on-month. The year-end sprint of car companies and local consumption promotion jointly promoted the hot market. Promotions in December have increased in intensity and breadth, affecting almost all manufacturers, All models present the characteristics of a year-end afterburner promotional sprint that is rare in history. The effects of new energy vehicle consumption season activities are evident, and consumption-promoting policies in many places continue to work hard, which together with corporate promotions will provide stable support to the auto market at the end of the year.
Among car company sales, BYD sold 300,215 vehicles in December 2023, a year-on-year increase of 34.2%, and its market share accounted for 12.8%; FAW-Volkswagen followed closely, and SAIC Volkswagen ranked third. Among the top 10 car companies, Changan Automobile, FAW Toyota, and GAC Toyota experienced year-on-year declines.
In the new energy market segment, 945,000 new energy vehicles were sold in December 2023. BYD sold 300,215 vehicles in December, a year-on-year increase of 34.2%, and its market share accounted for 31.8%. Tesla followed closely, and SAIC-GM-Wuling ranked third.
Open the Bitauto App and click "Intelligent Measurement" on the homepage to learn about the technological highlights of popular new cars from multiple angles and obtain authoritative reference for purchasing smart electric vehicles.
Editor: Wu Haotian