China auto output, sales plunge in January after end to buyer subsidies exacerbates weak demand

The start of 2023 saw output and sales in China’s auto sector plunge, dragged down by several factors, including the end of government subsidies and the week-long Lunar New Year holiday, according to the China Association of Automobile Manufacturers (CAAM).

Chinese car manufacturers produced 1.59 million units in January, down by a third (33.1%) compared with December, while sales fell by 35.5% month on month to 1.64 million units.


Carrie Shi

Sybil Pan

Ruby Liu

Yiwen Ju

Zihuan Pan

Zihao Li

February 14, 2023

12:44 GMT