Global vehicle sales forecast cut as China demand weakens

· Automotive & EV · China

GlobalData has revised its world vehicle sales forecast downward, citing weaker demand in China as the main drag while the picture outside China is brighter. The revision follows data showing Chinese global vehicle sales down 8 percent in September, with domestic sales plunging 23 percent while exports surged 61 percent. The contrasting figures show a Chinese market contracting at home even as its manufacturers push aggressively abroad, meaning the weakness hits both foreign brands selling in China and the global sales totals those forecasts track.

Why it matters：A weaker Chinese market reshapes global sales totals and pressures foreign brands' China businesses, even as Chinese exports keep gaining share abroad.

Key points

  • China domestic sales fell 23% in September
  • Chinese exports rose 61% in the same month
  • GlobalData sees brighter conditions outside China

Sources (original reporting)

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