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On February 9, it was announced by Cui Dongshu, Secretary-General of the Passenger Car Association, that global auto sales totaled 8.54 million units in December 2024, registering a 4% year-over-year increase. This figure closely mirrors the peak recorded in December 2017 and underscores the market's sustained high performance throughout the years. For the entire year, sales amounted to 90.6 million units, marking a 2% year-over-year growth. Notably, China's share in the global auto market has been on an upward trajectory since 2020, climbing to 33.8% in 2023 and further surging to 34.7% in 2024. Remarkably, the auto market has exhibited robust growth since August, culminating in China capturing a record-high 41% share of global sales in December.
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