China's Passenger Car Market Sees 11.3% Growth in October, New Energy Segment Experiences Significant Surge
October Sales Report Reveals Strong Performances from Chinese Automakers
[Beiijing] - The National Passenger Vehicle Information Network (CPCC) Industry Technology and Information Development Base disclosed the latest sales data for China's passenger car market, revealing a 11.3% year-on-year increase in total sales to 226.1 million vehicles, with new energy passenger cars experiencing a particularly sharp surge.
Year-to-Date Sales Stand at Record High
By the end of October, cumulative sales of passenger cars reached 18,383,500 units, representing a 3.2% rise compared to the same period last year. The common fuel vehicle segment saw a 16.1% decline in sales year-on-year, while new energy models experienced a 56.7% surge.
Top-Selling Passenger Cars Dominate Market
Among the top-selling passenger cars in October were:
- BMW:
- 11/2024:
43.1 kW - BMW [比亚迪]
28,800 - BMW [吉利] - 10/2024：
43.1 kW – BMW [奇瑞]
- 11/2024:
Top Ten Best-Selling Chinese Automakers Exceed Expectations
Among the top-selling Chinese automakers in October were:
- 比亚迪 43.1 kW – [比亚迪]
- 114938
- 54081
- 50087
- 48400
- 海鸥 (10/2024) 23/11/29) 11/9/18 10/28/16 8/11 22/12
Top Ten New Energy Passenger Cars Lead Market in October
The top ten bestselling new energy passenger cars in October were:
- 三菱缤果5.0(29547辆) — 6.4％的比率
- (10/2024) 19/11/28） 20/10/26 29/8/25 18.9/7 24/05
Performance Trends in November Forecasted to Be Promising
Industry experts predict that the upcoming month will experience a seasonally strong demand for new energy passenger cars, with sales figures likely to surge. The forecast indicates that the sales performance of several key models could improve in terms of market share and overall competitiveness.
The latest data from the National Passenger Vehicle Information Network (CPCC) Industry Technology and Information Development Base provides valuable insights into the current state of China's passenger car market, setting a positive tone for industry trends and consumer demand going forward.
