---
title: "China Association of Automobile Manufacturers: Car sales in May were 2.417 million units, an increase of 1.5% year-on-year"
description: "On June 14th, data from the China Association of Automobile Manufacturers showed that the automobile sales volume in May 2024 was 2.417 million units, an increase of 1.5% year-on-year. From January to"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/206298695.md"
published_at: "2024-06-14T06:47:04.000Z"
---

# China Association of Automobile Manufacturers: Car sales in May were 2.417 million units, an increase of 1.5% year-on-year

> On June 14th, data from the China Association of Automobile Manufacturers showed that the automobile sales volume in May 2024 was 2.417 million units, an increase of 1.5% year-on-year. From January to May, automobile production and sales reached 11.384 million units and 11.496 million units respectively, with year-on-year growth of 6.5% and 8.3% respectively. The growth rates of production and sales narrowed by 1.3 and 2 percentage points respectively compared to January to April. In May 2024, the sales volume of new energy vehicles was 955,000 units, a year-on-year increase of 33.3%, with a market share of 39.5%. From January to May, the production and sales of new energy vehicles reached 3.926 million units and 3.895 million units respectively, with year-on-year growth of 30.7% and 32.5% respectively, and a market share of 33.9%. According to the analysis of the China Association of Automobile Manufacturers, in May, the overall output of China's economy continued to expand, and the production and operation activities of enterprises maintained a trend of recovery and development. In that month, automobile sales achieved a slight increase both month-on-month and year-on-year, while the production and sales of new energy vehicles and automobile exports continued to grow rapidly, with Chinese brands also maintaining good performance

According to the information from Zhitong Finance and Economics APP, on June 14th, the China Association of Automobile Manufacturers data showed that the car sales volume in May 2024 was 2.417 million units, an increase of 1.5% year-on-year. From January to May, the production and sales of automobiles reached 11.384 million units and 11.496 million units respectively, with year-on-year growth of 6.5% and 8.3% respectively. The growth rate of production and sales narrowed by 1.3 and 2 percentage points respectively compared to January to April.

In May 2024, the sales volume of new energy vehicles was 955,000 units, an increase of 33.3% year-on-year, with a market share of 39.5%. From January to May, the production and sales of new energy vehicles reached 3.926 million units and 3.895 million units respectively, with year-on-year growth of 30.7% and 32.5% respectively, and a market share of 33.9%.

According to the analysis of the China Association of Automobile Manufacturers, in May, the overall output of China's economy continued to expand, and the production and operation activities of enterprises maintained a recovery and development trend. In that month, both the month-on-month and year-on-year car sales achieved a slight increase, while the production and sales of new energy vehicles and car exports continued to grow rapidly. Chinese brands also continued to perform well.

![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/ba5f0fe3ed9c6009fa22b5b09711a557.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/7403e71e3837f35564897897d02f110d.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/f6769e01f268a534b6fca7ce47b55a3d.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/927346d5f4368d1cb14393dc523c4954.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/9f7f637b0eb051a94468384a4d72a200.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/ca08b338d3efbee645aa600b8de0ea31.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/c92d8a743341e1f01e258baf1da7a69b.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/f520db5e67e487d6e3be2a899fb61398.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)! ![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/960cf356b62b1c67a1832cd3209960cd.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/2a069750a84dedc9b7a87810af14ace2.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/184cef1e7be2fa24f60916463830fafc.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/3a8c59ddaa6deb72d706bb4de058d70b.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/4a74530d526d5440eb36c729f423a7b8.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/43e13de7ca175e7ef975069c275fa4ac.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/37ecb0744486ae16a746d5edb2519dd6.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/babdf94b7871924d53be40bbd2c7b376.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/4d2593ed8d868888d8f47b20e5c509bb.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/db12c015dd8e48557c31ff952f9a8ce7.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/fd433dc54fffcf1bb99946b5451c006d.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/5dbc300c6daee8f76e8a37af8cce9e5b.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)! ![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/cafb26b43a7130dd02a5e7debd01c11a.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/d7eb6ac8eb2358426debdf17d6db0bf4.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![Image](https://imageproxy.pbkrs.com/http://img.zhitongcaijing.com/images/contentformat/d19a2d7e47da6c1cbb105c23bceb12f0.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)

### Related Stocks

- [IN00356.US - Systems Software](https://longbridge.com/en/quote/IN00356.US.md)
- [CP00013.US - New Energy Vehicles](https://longbridge.com/en/quote/CP00013.US.md)
- [LI.US - Li Auto](https://longbridge.com/en/quote/LI.US.md)
- [NIO.US - NIO Inc](https://longbridge.com/en/quote/NIO.US.md)
- [09866.HK - NIO-SW](https://longbridge.com/en/quote/09866.HK.md)
- [NIO.SG - NIO Inc. USD OV](https://longbridge.com/en/quote/NIO.SG.md)
- [02015.HK - LI AUTO-W](https://longbridge.com/en/quote/02015.HK.md)
- [09868.HK - XPENG-W](https://longbridge.com/en/quote/09868.HK.md)
- [XPEV.US - XPeng](https://longbridge.com/en/quote/XPEV.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 陶冬：人民幣資產機會來了 科技自主牛市顯現 警示美債風險「黃金買貴不會買錯」 | 陶冬表示，人民幣資產機會已來，科技自主牛市顯現，當前是「資產為王」的時代，關注遠離央行控制的資產和科技突破。預計美聯儲將維持寬鬆政策，但短期內可能觀察。美債市場面臨風險，傳統零風險資產邏輯已被顛覆，需警惕未來利率可能降至 3% 左右。 | [Link](https://longbridge.com/en/news/276028666.md) |
| 佐丹奴小股東獲支付最多 15 億 成監管和解首例 分析：或成日後重要參考 | 證監會與華富國際及 Clear Prosper 達成和解，涉及佐丹奴股份交易違規行為。兩公司同意向受影響的獨立股東支付最高 15 億元現金賠償。2016 年和 2022 年股東將分別獲得每股 0.996 元和 0.412 元的賠償。此和解為 | [Link](https://longbridge.com/en/news/276401818.md) |
| 馬年金鈔熱銷賣斷市 僅售千元 大讚好過現金利是「紀念理財一舉兩得」 | 隨著農曆馬年到來，深圳水貝市場迎來黃金消費高峰，1 克重的「馬年紀念金鈔」成為熱銷產品，現已全線斷貨。金價回調後，消費者需求迅速釋放，傳統金飾和小克重吊墜也受到歡迎。各大銀行推出的金鈔產品同樣熱賣，結合傳統習俗與保值需求，金鈔銷售火爆。 | [Link](https://longbridge.com/en/news/276089886.md) |
| Nio 再次刷新單日換電服務記錄 | 蔚來汽車於 2 月 19 日創下了電池更換服務的單日新紀錄，完成了 165,898 次更換。這一成就標誌着在中國春節的高峰出行期間五天內的第三個紀錄。蔚來在中國運營着 3,750 個電池更換站，其中 1,022 個位於高速公路上，連接 55 | [Link](https://longbridge.com/en/news/276405649.md) |
| 陶冬稱人民幣資產機會來了 科技自主牛市顯現 警示美債風險「黃金買貴不會買錯」 | 陶冬表示人民幣資產機會已來，科技自主牛市顯現，外資對中國資產前景看好。他指出當前應關注遠離央行控制的資產和科技突破。陶冬認為美聯儲將維持寬鬆政策，但短期內可能處於觀察期，且美債市場面臨風險，傳統的零風險資產邏輯已被顛覆。 | [Link](https://longbridge.com/en/news/276028904.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
