China's Auto Market Indicator: Imported Cars Slightly Drop in June, Luxury Cars Take the Lead?

On August 6, according to the data from the General Administration of Customs compiled by the China Automobile Industry Association, in June 2024, the import of complete automobiles showed a slight increase year-on-year. The imports of complete automobiles in June were 61,000 units, a decrease of 2.5% month-on-month and a decrease of 2.4% year-on-year; the import amount was 3.53 billion U.S. dollars, an increase of 4.7% month-on-month and a decrease of 6.3% year-on-year. From January to June in 2024, the import of complete automobiles was 332,000 units, a year-on-year decrease of 4.1%; the import amount was 18.64 billion U.S. dollars, a year-on-year decrease of 13.9%.