China’s passenger vehicle sales surge 25.5% in November, reflecting strong market momentum

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8th December 2023 – (Beijing) China’s passenger vehicle sales experienced robust growth in November, witnessing a significant surge of 25.5% compared to the same period last year, according to data released by the China Passenger Car Association (CPCA) on Friday. This acceleration in sales momentum follows a 9.9% gain recorded in October.

The data reveals that a total of 2.1 million units were sold in November, highlighting the sustained demand for passenger vehicles in the country. Furthermore, sales for the first 11 months of 2023 reached 19.56 million units, signalling a notable increase of 5% compared to the same period in the previous year.