Almost 50 percent of all new cars came from China in November 2024. And the dominance of the Chinese is only expected to grow in the coming years.
China dominated the global car market in 2024, supplying almost half of all new cars worldwide.
In November 2024, China's share of global car sales reached a remarkable 41 percent – the highest market share ever for cars built in China.
In comparison, the United States was far behind with a share of 18.2%, followed by India, Japan and Germany.
According to Cui Dongshu, secretary-general of the China Passenger Car Association (CPCA), Chinese dealers sold 3.316 million vehicles in November alone.
This is what Auto Drive writes.
This development is not a coincidence, but part of a larger trend. In the first 11 months of 2024, global car sales reached 82.01 million vehicles, an increase of 2 percent compared to the previous year. China accounted for 34.1 percent of total global sales.
China's dominance is remarkable, especially considering that the country did not have a significant automotive industry just a few decades ago.
China's market share has increased from an average of 30 percent between 2016 and 2018 to the current almost 50 percent. However, it was in November that it looked like this.
China also saw growth in March and April, combined with a stable market share of 33 percent in May and June, paving the way for the record-breaking performance.
China's success is not just about the number of cars. Among the world's ten largest automakers, only three – BYD, Geely and Chery – increased their market share in 2024. All three brands come from China.
The forecasts for the future remain positive. At least in the eyes of the Chinese. Expectations for total car sales in 2024 are somewhere between 31 and 31.3 million vehicles.
A growth of 4 percent compared to the previous year. People from the China Association of Automobile Manufacturers (CAAM), China EV100 and CPCA predict a further increase of 3 percent in 2025. Which means that motorists around the world will buy a good 32 million cars from China before the end of the year.
The development clearly illustrates how the automotive world has changed. Previously, it was the USA that dictated trends, design and taste. While the rest of the world's car brands simply followed suit. Now the ball is in China's court.
Something that many Danes in particular have a hard time swallowing. You have to go all the way down to tenth place among the most popular brands to find a Chinese brand in Denmark. Namely Volvo. The closest competitors BYD and Xpeng can only barely stay in the top 20.
The question now is how long it will take for China's share of 41 percent to effectively become half of the market.
