Description
The indicator is compiled and published by the China Association of Automobile Manufacturers (CAAM). This indicator measures the total number of passenger cars produced over a specified period. It serves as a benchmark to gauge the health of China's automobile manufacturing sector and consumer demand. Higher production volumes typically indicate robust manufacturing activity and strong consumer demand, while lower volumes may signal economic slowdown or reduced consumer spending.
The accumulated vehicle production volume is calculated by summing the total number of passenger cars produced over a given period, typically year-to-date. The data encompasses various types of passenger cars produced by manufacturers in China.
This data is updated monthly, with the accumulated production volume for the year being released around the middle of the following month.