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First negative growth in 28 years: China auto sales down 13 percent in December, YTD sales fall 2.8 percent

BEIJING – China’s automobile market remained gloomy with December 2018 sales down 13 percent on a yearly basis to 2.66 million units, according to data released by China Association of Automobile Manufacturers (CAAM) on January 14.  Sales for 2018 fell 2.8 percent to 28.08 million units, the first negative growth in

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Heavy-duty truck sales up 21 percent in December, annual sales reach new record of 1.14 million units

Surprise again! Heavy-duty truck industry maintained its positive growth trend in December with sales reaching 80,000 units, up 21 percent on a yearly basis, according to the latest manufacturer reported data obtained by cvworld.cn.  For the unexpected performance of heavy-duty truck market in December, cvworld.cn believes the following factors contributed to

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CAAM: zero growth for auto sales in 2019, NEV sales to hit 1.6 million units

CHANGSHA, Hunan – As the industry braces for its first negative growth in 28 years, China Association of Automobile Manufacturers (CAAM), which reports official monthly vehicle output and sales, has provided its outlook on the market in 2019: zero growth. The forecast was made at the Association’s 2019 China Automobile Market Development & Forecast Summit here on

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China automobile sales fall 13.86 percent in November 2018, YTD sales down 1.65 percent

BEIJING – China’s automobile market continued to slip with sales of over 2.54 million units in November, down 13.86 percent on a yearly basis, the fifth consecutive month sales have dropped, according to data released by China Association of Automobile Manufacturers (CAAM) on December 11. Passenger vehicle sales reached 2.17 million units, down 16.06 percent,

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August heavy-duty truck sales down 23 percent to 72,000 units, no significant rebound seen for September

– by Xie Guangyao UPDATE: China Association of Automobile Manufacturers (CAAM) reported on September 11 that August heavy-duty truck sales fell 23.3 percent to 71,800 units, but sales through to August were still up by 6.51 percent to 818,200 units. The heavy-duty truck market is no longer bucking the trend in the

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China automobile sales up 9.6 percent in May 2018

BEIJING – China’s automobile sales in May reached 2.29 million units, up 9.6 percent from the same period of the previous year, according to data released by China Association of Automobile Manufacturers (CAAM) on June 11. Passenger vehicle sales reached 1.89 million units, up 7.9 percent, while commercial vehicle sales

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