China’s Growing Light Commercial Vehicle Market: Sales, Demand, and Export Trends

2023-06-19 01:31:00

Sales of light commercial vehicles in China rose 4.3 percent year on year in May, as the country’s consumer promotion policies boosted demand growth, industry data showed.

A total of 46,000 units were sold last month, up 7.2 percent year on year, according to the China Passenger Car Association.

During the January-May period, sales of light commercial vehicles reached 209,000 units, while exports of these vehicles increased by 74% on an annual basis to reach 11,500 units.

Strong growth in overseas demand has led to the continued growth of China’s light-duty vehicle exports, the association said.

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Alexandra Hartman Editor-in-Chief

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