China wholesales June 2025: Market up 13.8%, Leapmotor breaks record, Tesla Model Y #1

Leapmotor sells almost 45,000 units in China in June.

According to data by local association CAAM, the Chinese wholesales market is up a fantastic 13.8% year-on-year in June to 2,904,000 units. Passenger Cars shipments are up an even more impressive 15.1% to 2,490,000 units. This includes 1,339,000 SUVs (+18.3%), 1,039,000 cars (+10.4%) and 112,000 MPVs (+24.4%). Indigenous brands gain 19% to 1,670,000 units and a staggering 67.1% share whereas foreigners edge up “only” 11% to 553,000 and premium brands actually drop -3% to 256,000. Meanwhile production is up 13.3% to 2,419,000 passenger cars. Exports shoot up 23.8% to 480,000 with New Energy Vehicles accounting for 41.1% of the total vs. 24% a year ago in June 2024.

Local outlet Gasgood attributes the continued strength of the Chinese market to the success of the expanded government “Two New” consumption stimulus which includes incentives for large-scale equipment renewals and consumer goods trade-ins. These measures created a clear “policy bonus” effect, with many consumers accelerating purchases to capitalise on limited-time offers. In fact, almost 70% of private passenger car buyers in June were trade-in customers, while first-time buyers only accounted for 30%.

Geely sales are up 85.2%

After a couple of months of subdued growth and plateauing sales, market leader BYD is back to double-digit gains with a market-beating +20.4% to almost 320,000 units. This is by far the brand’s largest monthly volume this year so far. The Song L (+487.8%), Seal 06 (+185.5%), Dolphin (+114.8%), Sealion 07 (+101.2%), Qin L (+73.7%) and new launches such as the Sealion 05 (17,190) and Tang L (6,456) helped. But all is not perfect, with the Destroyer 05 (-75.9%), Han (-36%), Song Plus (-18.5%) and Seagull (-12.8%) all recording significant losses. Volkswagen (+11.4%) is up solidly albeit not as much as the market, and reclaims the 2nd spot overall off Geely (+85.2%), still euphoric. The picture is less rosy for Toyota (+5.3%) while Tesla (+3.8%) only edges up at #6.

Changan (+45.6%), Wuling (+40.8%) and Chery (+27.2%) all excel in the remainder of the Top 10. In contrast Mercedes (-15.9%), Honda (-15.3%), BMW (-11.7%) and Audi (-3.4%) continue to drop. Buick (+48.5%) defies all odds with a fantastic lift. Looking at up-and-coming local carmakers, Leapmotor (+123.3%) stands out once again with volumes doubling year-on-year to a record 44,921 units, ranking #13 overall. AITO (+9.5%) and Hongqi (+22.7%) are also up but LI Auto (-24.1%) is hit hard. Below, Xpeng (+189%) Xiaomi (+78.1%), Deepal (+65.3%) and Jetour (+25.6%) stand out, with Fang Cheng Bao (+605.3%) smashing its volume record to 18,903 and entering the Top 30 at #27.

The Tesla Model Y is the best-selling vehicle in China in March.

As for the models charts, the Tesla Model Y (+9.1%) is faithful to its end-of-quarter success and leads the way for the 2nd time this year after last March. It is up to #3 year-to-date where it loses -17.5% year-on-year. The new Geely Xingyuan is relegated to 2nd place but breaks its volume record, passing the 40,000 unit mark for the first time. Four BYDs follow: the Qin Plus (-0.7%), Qin L (+73.7%), Seagull (-12.8%) and Song Plus (-18.5%). The Wuling Hongguang Mini EV (+156.3%) still soars year-on-year thanks to the addition of a 4-door variant but drops three spots on last month to #7. The VW Lavida (+3.7%) and Nissan Sylphy (-4.4%) are the only two foreign sedans in a Top 10 closed out by the Xiaomi SU7 (+62.5%). The new AITO M8 surges to #13 with over 21,000 sales for its third month in market.

Previous month: China wholesales May 2025: Geely up 115.5%, BYD up 1.4%

One year ago: China wholesales June 2024: Negative market, Li L6 inside Top 10

Full June 2025 Top 99 All brands and Top 590 All models below.