BEIJING – China’s production and sales of passenger vehicles reached 24,421,000 and 24,377,000 units in 2016, a year-on-year increase of 15.5 and 14.9 percent and 1.0 and 1.3 percentage points higher than the overall growth of the automobile industry.
Most of the passenger vehicle manufacturers completed their sales target set for 2016. Of these companies, SAIC-Volkswagen maintained its top spot in passenger vehicle sales with a sales volume of 2,001,777 units in 2016. The joint venture company also became the first passenger vehicle producer with sales surpassing 2,000,000 units in a year in the country.
Passenger vehicle companies, especially Chinese brand enterprises, give high expectations on China’s automotive market in 2017 and plans to launch more models to the market in the new year.
The following table is a summary of their sales performance in 2016.