Chinese Auto Ownership Rose to 114 Million

July 21st, 2012 | Posted in Regulations | Sales

The statistics from the Ministry of Public Security show that the number of registered motor vehicles in China reached 233 million by the end of June, including 114 million automobiles and 103 million motorcycles. 247 million people had a valid driver’s license; 186 million had one for automobiles.

In the first half of 2012, motor vehicle ownership increased by 3.67% or 8.26 million. In eight provinces registrations exceeded 10 million; both Guangdong and Shandong have more than 20 million motor vehicles on the road.

Compared with the end of 2011, the Chinese auto fleet expanded by 7.66%, or 8.11 million, to 114 million. As Chinese bought 9,598,100 new automobiles in the first six months of the year, this means about 1,488,100 were sent to the scrapyards. 75.62% of the auto fleet, or 86.13 million units, were privately owned.

Auto ownership exceeded 1 million in 17 Chinese cities. Five of them, Beijing, Shanghai, Shenzhen, Chengdu, Tianjin, have more than 2 million auto registrations.