Automotive Export Situation Analysis for May 2024
Jun 26, 2024
According to the analysis by the China Association of Automobile Manufacturers, in May 2024, the export of automobiles grew rapidly year-on-year.
May 2024: Automobile exports reached 481,000 units, a decrease of 4.4% compared to the previous month, but a 23.9% increase compared to the same period last year. From January to May 2024, automobile exports totaled 2.308 million units, a 31.3% increase year-on-year.
May 2024: Passenger car exports were 397,000 units, a 7.4% decrease from the previous month, but a 22.1% increase year-on-year.
From January to May 2024, passenger car exports amounted to 1.937 million units, up by 32% compared to the same period in 2023.
May 2024: Commercial vehicle exports were 84,000 units, a 12.6% increase from the previous month, and a 32.7% increase year-on-year.
From January to May 2024, commercial vehicle exports totaled 372,000 units, a 27.9% increase compared to the same period in 2023.
May 2024: Traditional fuel vehicle exports were 383,000 units, a 1.8% decrease from the previous month, but a 36.6% increase year-on-year.
From January to May 2024, traditional fuel vehicle exports reached 1.789 million units, a 37.5% increase year-on-year.
May 2024: New energy vehicle exports were 99,000 units, a 13.3% decrease from the previous month, and a 9% decrease year-on-year.
From January to May 2024, new energy vehicle exports totaled 519,000 units, a 13.7% increase year-on-year.
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