China Automobile Association: Automobile production and sales completed 2.796 million units and 2.809 million vehicles respectively in September, up 12.2% and 14.5% month-on-month

The Zhitong Finance App learned that according to data from the China Automobile Association, in September 2024, automobile production and sales completed 2.796 million units and 2.809 million units respectively, up 12.2% and 14.5% from the previous month, and down 1.9% and 1.7%, respectively. From January to September 2024, automobile production and sales reached 21.47 million units and 21.571 million units, respectively, up 1.9% and 2.4% year-on-year, respectively.

In September 2024, passenger car production and sales completed 2.502 million units and 2,525 million units, respectively, up 12.6% and 15.8% from the previous month, and 0.2% and 1.5%, respectively.

From January to September 2024, passenger car production and sales reached 18.643 million units and 18.679 million units, respectively, up 2.6% and 3% year-on-year, respectively.

In September 2024, commercial vehicle production and sales completed 294,000 units and 284,000 units, respectively, up 8.7% and 4.4% from the previous year; down 16.8% and 23.5%, respectively.

From January to September 2024, commercial vehicle production and sales completed 2,827 million units and 2.892 million units, respectively, down 2.8% and 1.6% year-on-year, respectively.

In September 2024, production and sales of new energy vehicles reached 1.377 million units and 1.287 million units, respectively, up 48.8% and 42.3% year-on-year, respectively.

From January to September 2024, production and sales of new energy vehicles reached 8.316 million units and 8.32 million units respectively, up 31.7% and 32.5%, respectively.

In September 2024, domestic automobile sales were 2.27 million units, up 16.9% from the previous month and down 6% from the previous year.

From January to September 2024, domestic automobile sales were 17.259 million units, a year-on-year decrease of 2.4%.

In September 2024, 539,000 vehicles were exported, up 5.4% month-on-month and 21.4% year-on-year.

From January to September 2024, 4.312 million vehicles were exported, up 27.3% year on year.

According to an analysis by the China Association of Automobile Manufacturers, in the third quarter, with the strengthening of automobile scrapping and renewal subsidies at the national level, local replacement and renewal policies came into effect one after another, and car companies launched new fall products one after another, the passenger car market gradually picked up. In particular, the terminal retail market continued to strengthen, and the “Golden Nine” effect continued to show. Commercial vehicle market performance is still relatively weak.