Recently, the China Passenger Car Association (CPCA) and China Association of Automobile Manufacturers (CAAM) released China’s auto industry rep

Best-selling vehicle brands ranking in China, first half of 2024

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2024-10-09 12:30:03

Recently, the China Passenger Car Association (CPCA) and China Association of Automobile Manufacturers (CAAM) released China’s auto industry report cards for the first half (H1) of 2024.

In H1 2024, China’s automobile production and sales were 13.891 million and 14.047 million vehicles, up 4.9% and 6.1% year-on-year, respectively. In particular, the sales growth rate of new energy vehicles was significantly higher than that of gasoline-powered vehicles: the production and sales were 4.929 million and 4.944 million units, up 30.1% and 32% year-on-year, respectively; accounting for 35.2% of the market share.

Furthermore, the top ten Chinese automotive companies’ combined sales volume was 11.917 million vehicles, a year-on-year increase of 6.3%, accounting for 84.8% of the total automobile sales. More specifically, the top three automakers’ (BYD, Chery, and Geely) sales volume was 4.871 million vehicles, a year-on-year increase of 1.1%, accounting for 34.7% of the market share.

Breaking it down further by brand types, the sales volume of domestic Chinese brands reached 5.559 million vehicles, a year-on-year increase of 17.8%, with a market share of 56.5%. The cumulative sales volume of German brands was 1.907 million units, a year-on-year decrease of 6.2%, with a market share of 19.4%; the sales volume of Japanese brands reached 1.466 million vehicles, a year-on-year decrease of 12.4%, with a market share of 14.9%; and the sales volume of American and French brands decreased by 19.2% and 19.1%, respectively.