Chinese automakers overtake U.S. rivals in sales for the first time, report shows

Chinese brands sold 13.4 million new vehicles last year, while American brands sold about 11.9 million units, according to Jato Dynamics.

China's sales growth also outpaced the U.S., up 23% from the previous year compared to the U.S.'s 9%. Chinese car makers picked up sizable market share across the Middle East, Eurasia and Africa while also posting growth in Latin America and Southeast Asia, the report said. The growth came despite increased trade animosity between China and the West and other factors like conflicts in Europe, high interest rates and high vehicle prices, Munoz said.

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