China's new-vehicle sales dipped 1.9 percent to 25.27 million last year, according to a preliminary tally the China Association of Automobile Manufacturer released Wednesday.
Demand for new commercial vehicles such as trucks and buses jumped 18 percent. But deliveries of new light vehicles including sedans, crossovers, SUVs, multipurpose vehicles and minibuses fell 6.1 percent, the group estimates.
CAAM’s preliminary data also show that new-vehicle sales in December rose 5.4 percent to 2.8 million.
Sales of commercial vehicles turned south last month, dropping 4.4 percent from a year earlier. But new light-vehicle demand still gained 5.9 percent.
The industry trade group didn’t break down sales volumes for commercial vehicles or light vehicles in the data. It is expected to disclose those numbers next week.