China Auto
Local brands' share of China auto market at 52.73% in Dec
Local brands' share in December was lower than the 55.29 percent recorded in November and higher than the 48.79 percent recorded in the same month last year.
China Dec auto sales breakdown: Sedans 46.61%, SUVs 49.16%, MPVs 4.23%
Retail sales in December were 1,101,944 units for sedans, 1,162,284 units for SUVs and 99,973 units for MPVs.
China Dec auto sales breakdown: Premium models contribute 14.3%
That's up from 12.86 percent in November and 12.06 percent a year earlier.
China auto dealer inventory factor at 1.20 in Dec, below alert line
China automobile dealers' inventory factor stood at 1.20 in December, continuing to lie below the alert line of 1.50.
China Dec NEV production data by CPCA: 1,095,000
In 2023, the production of passenger NEVs in China was 8,903,000 units, a year-on-year increase of 34.06 percent.
China Dec NEV retail data by CPCA: 945,000
BEVs accounted for 598,000 units of retail sales in December, or 63.3 percent of all NEV retail sales.
China auto inventories up 6.52% in Nov from Oct
The inventory level could support retail sales for the next 63 days, up from 60 days at the end of October.
China Nov auto sales breakdown: Sedans 47.18%, SUVs 48.65%, MPVs 4.17%
Retail sales of sedans in November totaled 981,055 units, SUVs 1,011,585 units and MPVs 86,661 units.
China Nov auto sales breakdown: Premium models contribute 12.86%
This was up from 12.69 percent in October but down from 14.78 percent a year earlier.
Local brands' share of China auto market at 55.29% in Nov
Local brands' share in November was slightly lower than October's 55.54 percent and higher than the 53.37 percent recorded in the same month last year.