China CNY

China Vehicle Sales YoY

Impact:
Low

Latest Release:

Date:
Surprise:
0.9%
Actual:
11.2%
Forecast: 10.3%
Previous/Revision:
9.8%
Period: May

Next Release:

Date:
Forecast: 10.9%
Period: Jun
What Does It Measure?
China Vehicle Sales Year-over-Year (YoY) measures the annual percentage change in the number of vehicles sold in mainland China. It primarily focuses on assessing consumer demand, production figures, and overall retail performance in the automotive sector, which is a significant component of the economy.
Frequency
This report is released monthly, providing preliminary estimates that are subject to revision in subsequent releases, typically published around the early days of the following month.
Why Do Traders Care?
Traders closely monitor this indicator because strong vehicle sales can signal positive consumer sentiment and economic growth, impacting the valuation of related equities, currencies (particularly the Chinese Yuan), and commodities like metals used in vehicle manufacturing. Higher-than-expected vehicle sales are often viewed as bullish for the stock market and the economy, while weaker results can have bearish implications.
What Is It Derived From?
China Vehicle Sales YoY is derived from data collected by the China Association of Automobile Manufacturers (CAAM), which compiles sales figures across various vehicle categories, including passenger cars and commercial vehicles. This data is based on reports from automakers, dealers, and distributors, ensuring a comprehensive view of the market.
Description
The preliminary report provides a quick insight into the automotive industry’s performance, reflecting changes in consumer demand over the past year. Final figures are released later and offer a more accurate representation as they incorporate revisions and additional data.
Additional Notes
As a leading economic indicator, vehicle sales can foreshadow future economic activity, influencing broader trends in manufacturing and retail sectors. Additionally, this data provides critical context for understanding changes in consumer confidence and economic policies within China, which may resonate globally given the country’s significant role in world trade.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for Yuan, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
11.2%
10.3%
9.8%
0.9%
9.8%
7%
8.2%
2.8%
8.2%
12%
34.4%
-3.8%
34.4%
2%
-0.6%
32.4%
-0.6%
12%
10.5%
-12.6%
10.5%
6.4%
11.7%
4.1%
11.7%
7.5%
7%
4.2%
7%
-2%
-1.7%
9%
-1.7%
-5.6%
-5%
3.9%
-5%
-8%
-5.2%
3%
-5.2%
-2.2%
-2.7%
-3%
-2.7%
2.3%
1.5%
-5%
1.5%
8.5%
9.3%
-7%
9.3%
4.3%
9.9%
5%
9.9%
4%
-19.9%
5.9%
-19.9%
41%
47.9%
-60.9%
47.9%
19%
23.5%
28.9%
23.5%
30%
27.4%
-6.5%
27.4%
18%
13.8%
9.4%
13.8%
14%
9.5%
-0.2%
9.5%
10%
8.4%
-0.5%
8.4%
2%
-1.4%
6.4%
-1.4%
-3%
4.8%
1.6%
0.14%
18%
27.9%
-17.86%
27.9%
40%
82.7%
-12.1%
82.7%
8.1%
9.7%
74.6%
9.7%
1.9%
13.5%
7.8%
13.5%
-2%
-35%
15.5%
-35%
-10%
-8.4%
-25%
-8.4%
-5%
-7.9%
-3.4%
-7.9%
4%
6.9%
-11.9%
6.9%
18%
25.7%
-11.1%
25.7%
19%
32.1%
6.7%
32.1%
33%
29.7%
-0.9%
29.7%
15%
23.8%
14.7%
23.8%
5%
-12.6%
18.8%
-12.6%
-35%
-47.6%
22.4%
-47.6%
-18%
-11%
-29.6%
-11%
3.5%
18.7%
-14.5%
18.7%
1.2%
0.9%
17.5%
0.9%
-0.7%
-1.6%
1.6%
-1.6%
-8.9%
-9.1%
7.3%
-9.1%
-8%
-9.4%
-1.1%
-9.4%
-18%
-19.6%
8.6%
-19.6%
-15%
-17.8%
-4.6%
-17.8%
-10%
-11.9%
-7.8%
-11.9%
-15%
-12.4%
3.1%
-12.4%
-5%
-3.1%
-7.4%
-3.1%
5%
8.6%
-8.1%
8.6%
70%
74.9%
-61.4%
74.9%
50%
365%
24.9%
365%
14%
30%
351%
30%
6%
6.4%
24%
6.4%
12%
12.6%
-5.6%
12.6%
11.5%
12.5%
1.1%
12.5%
10.5%
12.8%
2%
12.8%
10.5%
11.6%
2.3%
11.6%
18%
16.4%
-6.4%
16.4%
15%
11.6%
1.4%
11.6%
14%
14.5%
-2.4%
14.5%
12%
4.4%
2.5%
4.4%
-36%
-43.3%
40.4%
-43.3%
-52%
-79%
8.7%
-79%
-60%
-18.7%
-19%
-18.7%
-25%
-0.1%
6.3%
-0.1%
-3%
-3.6%
2.9%
-3.6%
-3.6%
-4%
-4%
-5.2%
-5.2%
-4.4%
-6.9%
-0.8%
-6.9%
-3.2%
-4.3%
-3.7%
-4.3%
-8%
-9.6%
3.7%
-9.6%
-16.4%
-16.4%
-12%
-14.6%
-4.4%
-14.6%
-5.2%
-5.2%
-13.8%
-13.8%
-15.8%
-15.8%
-13%
-13%
-13.9%
-13.9%
-11.7%
-11.7%
-11.6%
-11.6%
-3.8%
-3.8%
-4%
-4%
4.8%
4.8%
9.6%
9.6%
11.5%
11.5%
4.7%
4.7%
-11.1%
-11%
11.6%
11.6%
0.1%
0.1%
0.7%
0.7%
2%
2%
5.7%
5.7%
5.3%
5.3%
6.4%
6.4%
4.5%
4.5%
0.2%
0.2%
-2.2%
-2.2%
4.2%
2.5%
22.7%
22.7%
0.8%
0.8%
9.8%
9.8%
17.1%
17.1%
19.3%
19.3%
26.6%
26.6%
24.4%
24.4%
18%
23.2%
6.4%