China Automobile Association: 1.556 million Chinese brand passenger cars were sold in November 2023, accounting for 59.7%.

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com, December 21, according to the statistics and analysis of the China Association of Automobile Manufacturers, in November 2023, a total of 1.556 million passenger cars were sold in China, an increase of 4.8 percent from the previous month, an increase of 37.9 percent over the same period last year, accounting for 59.7 percent of the total passenger car sales and an increase of 5.4 percentage points over the same period last year.

From January to November 2023, a total of 12.978 million passenger cars were sold in China, an increase of 23.8 percent over the same period last year, accounting for 55.8 percent of the total passenger car sales, an increase of 6.6 percentage points over the same period last year.

CTOnews.com learned from the data that in November 2023, the market share of Chinese brand cars, SUV and MPV was 52.9%, 64.5% and 63.5%, respectively. Compared with the previous month, the market share of Chinese brand cars and MPV increased in varying degrees, while the market share of Chinese brand SUV decreased. Compared with the same period last year, the market share of Chinese brand cars and SUV increased in varying degrees, while the market share of Chinese brand MPV decreased slightly.

From January to November 2023, the market shares of Chinese brand cars, SUV and MPV were 48%, 61.2% and 60.7%, respectively. Compared with the same period last year, the market share of Chinese brand cars, SUV and MPV all increased to varying degrees.

The China Automobile Association said earlier that China's auto market continued to improve in November, with car production reaching an all-time high and sales approaching 3 million units. In that month, automobile production and sales increased compared with the same period last year, passenger cars continued a good trend, new energy vehicles and automobile exports led the growth of the industry, and automobile production and sales were expected to reach an all-time high for the whole year, exceeding expectations and achieving the annual forecast target.

Referenc

Data briefing | A brief Analysis of the sales of Chinese Brand passenger cars in November 2023