Commercial vehicle sales in China 2010-2024, by type

In 2024, approximately ******* busses and ************ trucks were sold in China. This represented a ***percent increase in bus sales and a **** percent decrease in truck sales compared to the previous year. 

China as a major automotive producer

China has become one of the largest markets for automotive vehicles worldwide. Over the past decade, the share of China in global vehicle production experienced a ** percent increase, from ***** percent in 2015 to ***** percent in 2024. Meanwhile, vehicle sales in China went up significantly and the annual growth rate varied over the same period, reaching a peak of ** percent in 2010, but has been experiencing a contraction from 2018 to 2020. 

Automotive industry in China

Until recently, international car brands still dominated China's auto market. As of 2021, passenger automobiles of Chinese brands accounted for **** percent of market share in China. In the same year, approximately ******* cars had been imported to China, while in 2007 this number had reached ******* units. Within passenger car sales in China, SUV models made up the largest share in 2023 with over ********** sold cars, compared to a total of about ************ passenger cars sold.