Industry Data

China’s domestic policy-driven growth vs. international market challenges – GlobalData

Based on the data, China’s domestic market saw its second consecutive month of acceleration in November.

January 6, 2025

Credit: ADRIAN3388/Shutterstock.com

In November 2024, China’s Light Vehicle (LV) market sustained its strong performance from October, with domestic LV sales reaching 2.8 million units (excluding exports). This represents a 13.0% year-on-year (YoY) increase and a significant 12.6% month-on-month (MoM) growth. The ongoing effects of scrapping and replacement policies, along with the “Double Eleven” promotion and the Guangzhou Auto Show, contributed to the steady boost in the market.

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