Chinese car market more than US market

Yes, with such a population it is not surprising, and it has been for a long time. Why is Elon Mask tearing up another Tesla production in China? The answer is simple: for over 10 years, the Chinese market has been ahead of the US market in terms of car sales. In recent years, the Chinese government has been actively stimulating the development of the electric car manufacturing and consumption industry.

Chinese market for new cars (2019)

China’s new car market fell by almost a tenth in 2019. This was the second year in a row when car sales in China were weaker, but also the second year in a decade when car sales were weaker. China’s new car market in 2019 was at its lowest level since 2015.

In 2019, just over 21 million cars were sold, and the Chinese car market remained the largest in the world. The Chinese car market was more than 4 million more cars than the US market and more than 5 million more than the European new car market. In 2019, seven times more cars were sold in China than in India.

German luxury car manufacturers not only gained market share in China in 2019, but also increased sales volumes.

Annual worldwide passenger car sales (2013-2019)

Country 2019 2018 2017 2016 2015 2014 2013
Europe 15,805,800 15,624,500 15,631,700 15,131,700 14,201,900 13,006,500 12,308,200
Russia 1,759,500 1,800,600 1,595,700 1,425,800 1,601,200 2,491,400 2,777,400
USA 16,965,200 17,215,200 17,134,700 17,465,000 17,386,300 16,435,300 15,531,600
Japan 4,301,100 4,391,200 4,386,400 4,146,500 4,215,900 4,699,600 4,562,300
Brazil 2,665,600 2,475,400 2,176,000 1,988,600 2,480,500 3,333,400 3,579,900
India 2,962,100 3,394,700 3,229,100 2,966,600 2,772,700 2,570,500 2,554,000
PRC 21,045,000 23,256,300 24,171,400 23,693,400 20,047,200 18,368,900 16,303,700
Total: 65,504,300 68,157,900 68,325,000 66,817,600 62,705,700 60,905,600 57,617,100
Source: VDA