April 25, 2024

·In February, passenger car sales decreased year-on-year, and their brand share increased.

In February, the sales volume of passenger cars dropped significantly from last month, with a slightly lower year-on-year decline. Chinese brand passenger cars sold a total of 639,800 units, a decrease of 37.39% from the previous month, an increase of 5.48% year-on-year, accounting for 46.47% of the total sales of passenger vehicles, and the share increased by 0.79 percentage points from the previous month.

Brief description of sales: In February, passenger cars sold a total of 1,367,700 units, a decrease of 38.45% from the previous month and a decrease of 1.53% from the same period last year. Judging from the sales of main types of passenger cars, compared with the previous month, the sales of the four major types of passenger vehicles showed a significant decline; compared with the same period of last year, cross-type passenger cars and basic passenger cars (sedans) Sales volume has declined rapidly, and other varieties have continued to grow. In February, basic passenger cars (sedans) sold 666,900 units, down 39.98% from the previous month and down 17.58% year-on-year; sports multi-purpose passenger vehicles (SUVs) sold 478,800 units, down 39.71% from the previous month and up 44.02% year-on-year. Multi-functional passenger vehicles (MPV) sold 174,400 units, down 33.28% from the previous month and up 10.36% year-on-year; cross-type passenger vehicles sold 57,400 units, down 19.40% from the previous month and down 41.99% from the same period last year.

Brief description of sales by country: In February, the sales of Chinese brand passenger cars totaled 639,800 units, a decrease of 37.39% from the previous month and an increase of 5.48% year-on-year, accounting for 46.47% of the total sales of passenger vehicles. The occupancy rate increased by 0.79 from the previous month. Percentage points. German, American, Japanese, Korean and French passenger cars sold 275,100, 172,100, 160,900, 92,800 and 34,800, respectively, accounting for 19.98% of the total sales of passenger cars. 12.50%, 11.69%, 6.74%, and 2.53%. Compared with the previous month, the sales volume of the above-mentioned foreign brands showed a significant decline, and the Japanese and French passenger cars were among the top losers.

Sales of passenger cars by model manufacturers: In February, the top ten car manufacturers in sales were: SAIC Volkswagen, FAW-Volkswagen, SAIC-GM, Changan Ford, Beijing Hyundai, Geely Holding, Changan Automobile (Weibo), FAW Toyota, Dongfeng Yueda Kia and Shenlong Automobile. Compared with the previous month, the sales of the above-mentioned ten companies all showed a rapid decline, and the declines of Shenlong Automobile, Geely Holding and FAW-Volkswagen were more obvious. In February, the above ten companies sold a total of 509,500 units, accounting for 76.40% of the total sales of cars.

In February, the top ten SUV manufacturers in sales were: Great Wall Motor, Changan Automobile, SAIC-GM-Wuling, Jianghuai, Huachen, Changan Ford, Beijing Hyundai, SAIC-GM, Dongfeng Honda and Hunan Jiangnan. Compared with the previous month, the sales of the ten companies all fell by more than 20%, and SAIC GM dropped faster. In February, the above ten companies sold a total of 256,900 units, accounting for 53.74% of the total SUV sales.

In February, the top ten MPV manufacturers in sales were: SAIC-GM-Wuling, Dongfeng Motor, Changan Automobile, Beiqi Yinxiang, Beiqi, Chery Automobile, SAIC-GM, Jinbei Automobile, Dongfeng Honda and Jianghuai. Compared with the previous month, Dongfeng Honda's sales volume increased rapidly, Changan Automobile's growth rate was slightly lower, and other companies showed a certain decline. In February, the above ten companies sold a total of 164,100 units, accounting for 94.10% of the total MPV sales.

In February, the top ten cross-type passenger car manufacturers in sales were: SAIC-GM-Wuling, Changan Automobile, Dongfeng Motor, Jinbei Automobile, Chongqing Lifan, Beiqi, FAW Group, Zhejiang UFO, Beiqi Foton and Chery Automobile. Compared with the previous month, the sales volume of Dongfeng Motor has increased significantly, and other companies have declined to varying degrees. In February, the above ten companies sold a total of 56,900 units, accounting for 99.13% of the total sales of cross-type passenger vehicles.


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