China's Auto Import Sales in July 2024 and the First Seven Months Trends and Brand Performances

TapTechNews August 25th news, on August 23rd, Cui Dongshu, the secretary-general of the China Passenger Car Association, released the domestic auto import sales in July and the first seven months of 2024.

Data shows that in July, China's auto imports were 70,000 units, a year-on-year increase of 6% and a month-on-month increase of 15%; from January to July this year, the cumulative sales of auto imports were 400,000 units, a year-on-year decrease of 2%, continuing negative growth for 3 consecutive years.

In terms of regions, in July this year, the top three countries in terms of imports were Germany, Japan, and the United States, with import sales of 22,600 units, 17,800 units, and 12,000 units respectively. Among them, Germany increased by 15% year-on-year, Japan decreased by 7% year-on-year, and the United States increased by 15% year-on-year.

From January to July this year, the top three countries in terms of imports were also Germany, Japan, and the United States, and the cumulative import sales in the first seven months were 109,900 units, 117,600 units, and 68,700 units respectively. Among them, Japan increased by 26% year-on-year, Germany decreased by 19% year-on-year, and the United States increased by 3% year-on-year.

Cui Dongshu said that currently, imported cars are mainly supported by the demand for luxury cars, and the proportion of the main imported luxury cars in imported cars has increased significantly. The imported retail of Lexus has skyrocketed by 18%, with good performance. The performance of BMW, Audi, and Land Rover is generally strong, while the recent performance of Porsche is relatively weak.

TapTechNews appendix: The performance of major brands from January to July:

BMW 104,255 units, a year-on-year decrease of 2%;

Lexus 101,889 units, a year-on-year increase of 18%;

Mercedes-Benz 77,492 units, a year-on-year decrease of 28%;

Audi 31,404 units, a year-on-year decrease of 9%;

Porsche 31,119 units, a year-on-year decrease of 37%;

Land Rover 28,785 units, a year-on-year decrease of 4%;

Volvo 10,735 units, a year-on-year decrease of 15%;

MINI 9,318 units, a year-on-year increase of 10%;

Tesla 1,093 units, a year-on-year decrease of 70%.