The latest data released by the China Association of Automobile Manufacturers shows that in February, the production and sales of automobiles reached 1.506 million and 1.584 million, respectively, a decrease of 37.5% and 35.1% month on month, and a decrease of 25.9% and 19.9% year-on-year. From January to February, the cumulative production and sales of automobiles reached 3.919 million and 4.026 million, with year-on-year growth of 8.1% and 11.1%, respectively.
"In February this year, after a complete Spring Festival holiday, the effective working days decreased, the manufacturing industry was in the traditional off-season of production, the production and operation of enterprises were affected to a certain extent, and the overall market activity declined." Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers, said that from the perspective of automobile production and sales, part of the demand for buying cars had been released before the Spring Festival, and the overall production and sales of cars had dropped compared with January. From January to February, it can be seen that passenger cars and commercial vehicles continue to operate steadily, while new energy vehicles and vehicle exports continue to perform well.
Chen Shihua believes that the automobile industry is currently a sector with impressive economic performance and a "ballast stone" for stable industrial economic growth. It has always been highly valued by the Party Central Committee and the State Council. This year's Government Work Report clearly proposes to "consolidate and expand the leading advantages of industries such as intelligent connected new energy vehicles" and "boost bulk consumption of intelligent connected new energy vehicles". I believe that with the further refinement and implementation of relevant policies in the future, it will help to continuously consolidate and expand the stable and positive development trend of the automotive industry, stimulate enterprise innovation motivation, promote high-quality development of the industry, and help the automotive industry achieve a good start.
Chinese brand passenger car market share nearly 60%
"In February, passenger car sales significantly declined compared to January due to factors such as the Spring Festival and the release of pre holiday car purchase demand." Chen Shihua pointed out that in February, a total of 1.333 million passenger cars were sold, a decrease of 37% compared to the previous month and a year-on-year decrease of 19.4%. Among the main types of passenger cars, sales of crossover passenger cars have significantly increased compared to last month, while sales of the other three major categories of passenger cars have all shown double-digit declines; Compared with the same period last year, the sales of the four major categories of passenger cars have all shown a significant decline.
From January to February, a total of 3.451 million passenger cars were sold, a year-on-year increase of 10.6%. Among the main types of passenger cars, sales of sports multi-purpose passenger cars have shown double-digit growth compared to the same period last year, while sales of basic passenger cars have slightly increased. Sales of multi-functional passenger cars and crossover passenger cars have shown varying degrees of decline.
It is worth noting that the market share of Chinese brand passenger cars is nearly 60%. In February, a total of 791000 Chinese brand passenger cars were sold, a decrease of 38.1% month on month and 9.4% year-on-year, accounting for 59.4% of the total passenger car sales and a 6.5 percentage point increase in market share compared to the same period last year. From January to February, a total of 2.066 million Chinese brand passenger cars were sold, a year-on-year increase of 26.7%, accounting for 59.9% of the total passenger car sales, with a market share increase of 7.6 percentage points compared to the same period last year.
However, high-end brand passenger cars are experiencing a rapid decline. In February, the sales of high-end brand passenger cars produced domestically reached 260000 units, a decrease of 29% month on month and 15% year-on-year. From January to February, the sales of high-end brand passenger cars produced domestically reached 626000 units, a year-on-year increase of 5.5%.
Commercial vehicle production and sales decreased month on month compared to the same period last year
From the perspective of commercial vehicles, in February, the production and sales of commercial vehicles reached 233000 and 251000 respectively, a decrease of 28.9% and 22.6% month on month, and a decrease of 26.6% and 22.5% year-on-year. Among the main varieties of commercial vehicles, compared to last month, the production of passenger cars has decreased, sales have slightly increased, and the production and sales of trucks have both shown a double-digit decline; Compared with the same period last year, the production of passenger cars has decreased, sales have increased, and the production and sales of trucks have both shown a significant decline.
In February, compared to the previous month, the production of micro trucks in the sub category of trucks showed a double-digit decline and sales increased significantly, while the production and sales of the other three major categories of trucks all showed a double-digit decline; Compared with the same period last year, the production of medium-sized trucks has shown a double-digit increase, while the sales have shown a double-digit decrease. The production of micro trucks has shown a double-digit decrease, while the sales have shown a double-digit increase. The production and sales of heavy trucks and light trucks have both shown a significant decline. In the sub category of passenger cars, compared to last month, the production of light passenger cars has shown a double-digit decline and sales have slightly increased, while the production and sales of the other two major categories of passenger cars have both shown a double-digit decline; Compared with the same period last year, the production and sales of large and medium-sized buses have shown significant growth, while the production of light buses has decreased in double digits and sales have slightly increased.
From January to February, the cumulative production and sales of commercial vehicles reached 560000 and 575000, with year-on-year growth of 9% and 14.1%, respectively. Among the main types of commercial vehicles, the production and sales of passenger cars and trucks have shown varying degrees of growth compared to the same period last year.
From January to February, compared with the same period last year, the production and sales of the four major categories of truck varieties all showed varying degrees of growth. Among the main types of passenger cars, compared with the same period last year, the production and sales of the three major categories of passenger cars have all shown varying degrees of growth, among which the growth rate of medium-sized passenger cars is more significant.
In February, the market share of new energy vehicles reached 30.1%
New energy vehicles maintain stable operation. In February, the production and sales of new energy vehicles reached 464000 and 477000 respectively, a decrease of 41.1% and 34.6% month on month, and a decrease of 16% and 9.2% year-on-year, with a market share of 30.1%. Among the main varieties of new energy vehicles, compared with last month, the production and sales of the three major categories of new energy vehicles have all shown varying degrees of decline; Compared with the same period last year, the production and sales of pure electric vehicles have shown a double-digit decline, while the production and sales of the other two categories of new energy vehicles have shown varying degrees of growth.
From January to February, the cumulative production and sales of new energy vehicles reached 1.252 million and 1.207 million, with year-on-year growth of 28.2% and 29.4% respectively, and a market share of 30%. Compared with the same period last year, the production and sales of the three major categories of new energy vehicles have all shown varying degrees of growth among the main varieties of new energy vehicles.
From January to February, the total sales volume of the top ten enterprise groups in the sales of new energy vehicles was 1.044 million units, a year-on-year increase of 28.8%, accounting for 86.5% of the total sales of new energy vehicles, 0.4 percentage points lower than the same period last year.
Automobile exports increased by 30.5% year-on-year in the first two months
Automobile exports continue to perform well. In February, automobile exports reached 377000 units, a month on month decrease of 14.9% and a year-on-year increase of 14.7%. By vehicle type, the export of passenger cars reached 315000 units, a decrease of 14.7% month on month and a year-on-year increase of 16.2%; The export of commercial vehicles reached 62000 units, a month on month decrease of 15.7% and a year-on-year increase of 7.6%.
From January to February, the export of automobiles reached 822000 units, a year-on-year increase of 30.5%. By vehicle type, the export of passenger cars reached 686000 units, a year-on-year increase of 31.5%; The export of commercial vehicles reached 136000 units, a year-on-year increase of 25.9%. From the performance of enterprises, in February, Chery ranked first in the top ten vehicle export companies, with an export volume of 79000 vehicles, a year-on-year increase of 47.9%, accounting for 21% of the total export volume. The export growth rate of Great Wall is the most significant, with exports reaching 31000 vehicles, a year-on-year increase of 1.2 times.
From January to February, among the top ten companies in vehicle exports, in terms of growth rate, BYD exported 60000 vehicles, a year-on-year increase of 1.1 times; The Great Wall exported 57000 vehicles, a year-on-year increase of 91.9%; Chang'an exported 98000 vehicles, a year-on-year increase of 86.8%.