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Top-selling cars in May 2023 in China – BYD first, Volkswagen second, Toyota third

According to the data released by the China Passenger Car Association (CPCA), the Chinese market witnessed the sale of 1.742 million new cars in May 2023. This represents a 7% increase compared to the previous month. Notably, among these sales, 388,000 were electric vehicles (EVs), and 192,000 were plug-in hybrid electric vehicles (PHEVs), collectively known as new energy vehicles (NEVs). NEVs accounted for 33% of the total sales.

It is important to note that while China’s overall car sales have shown a growth rate of over 28% compared to May 2022, this increase is primarily influenced by the impact of the Covid-19 outbreak in China last year, which resulted in reduced production by many enterprises. Therefore, this growth rate should be interpreted cautiously and may not hold significant reference value.

In terms of market share, BYD secured the first position in China, selling 209,730 vehicles and holding a market share of 12.04%. Among the top five best-selling auto brands, Volkswagen ranked second with 173,803 cars sold and a market share of 9.98%. Toyota secured the third position, selling 147,514 cars and holding a market share of 8.47%. Honda followed in fourth place, selling 101,139 vehicles and having a market share of 5.81%. Changan occupied the fifth spot, selling 80,453 cars and holding a market share of 4.62%.

In the Chinese NEVs market, BYD has established a significant market presence in both EVs and PHEVs segments. As for the pure EV market, BYD maintains its leadership position, selling 101,065 vehicles and holding a market share of 26.05%. GAC Aion ranks second with 45,003 cars sold and a market share of 11.60%. Tesla secures the third position with 42,508 vehicles sold and a market share of 10.96%. The fourth and fifth best-selling pure electric brands are Wuling and Changan, respectively.

Analyzing the best-selling models, the top three models in the Chinese market are the BYD Qin Plus with 42,887 units sold, the Nissan Sylphy with 34,264 vehicles sold, and the Tesla Model Y with 31,054 cars sold.

Source: CPCA; Dongchedi; Yiche

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