Chinese Auto Market in December 2022 falls for the 3rd month in a row, reporting 2.24 million sales (-8.2%). 2022 totals 22.15 million registrations, a 1.0% increase compared to the prior year.
Market Trend and Outlook
Chinese industry is one of the most affected by disruption created in the country by the “Zero Covid” strategy, which forced millions people and workers into shutdown in all the main metropolitan regions this year, with production lost both in components and vehicles amd with showrooms frequently waste of products and clients.
However, the strong demand focused on new electric vehicles, sustained the domestic market, which was more resilient than many other industries.
The Chinese auto market in 2022 shows resilience despite the strong covid regulations, totaling 22.15 million sales, a 1.0% increase compared to the prior year. In December new registrations fell for the 3rd month in a row, reporting 2.24 million (-8.2%)
Looking at cumulative data from 2022, brand-wise the leader is still Volkswagen with 2.30 million sales (+5.5%), followed by Toyota in 2nd at 1.86 million (+10.8%).
The Chinese manufacturer BYD moves up 11 spots into 3rd with 1.76 million sales (+157.1%) and is the real winner this year.
In fourth place stands Honda at 1.39 million (-9.0%) followed by Changan at 1.10 (+13.1%) and Geely with 892,047 (-16.8%).
In 7th place ranks Chery with 871,956 (+1.5%) followed by Nissan with 821,408 (-17.9%), BMW with 755,487 (-7.6%) and Mercedes closing the Top 10 with 739,790 sales (-0.2%).
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.
