Chinese Passenger Car Sales Show Resilience with an 8.3% Rise in December

Despite moderating from the previous month’s notable surge, passenger car sales in China demonstrated robust growth, increasing by 8.3 percent in December. This uptick was fueled by a competitive price war among manufacturers.

According to the China Passenger Car Association’s report on Tuesday, sales reached 2.37 million vehicles in December, contributing to a full-year increase of 5.3 percent, with total sales reaching 21.93 million cars.

The fierce competition among manufacturers, characterized by pricing strategies and promotional activities, played a pivotal role in sustaining the momentum of the Chinese passenger car market. The year-end figures reflect the industry’s ability to navigate challenges and capitalize on market dynamics, providing a positive outlook for the automotive sector in the region.