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China passenger car sales down more than 80% in Feb

By Phate Zhang
Mar 12, 2020 at 2:44 PM UTC
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China passenger car sales down more than 80% in Feb-CnTechPost

In February this year, China's auto output and sales were 285,000 and 310,000, respectively, which were down 83.9% month-on-month and 79.8% and 79.1% year-on-year respectively, according to the China Automobile Industry Association.

From January to February, the production and sales volume of automobiles were 2.048 million and 2.238 million, respectively. The production and sales volume decreased by 45.8% and 42% year-on-year respectively.

In terms of passenger cars, the production and sales volume in February were 195,000 and 224,000, respectively, a decrease of 86.4% and 86.1% month-on-month, and a decrease of 82.9% and 81.7% year-on-year, which was higher than the overall decline in automobile production and sales.

In the first two months of this year, the production and sales volume of passenger cars were 1.63 million and 1.831 million, respectively. The production and sales volume decreased by 48.1% and 43.6% year-on-year respectively.

China passenger car sales down more than 80% in Feb-CnTechPost

Judging from the production and sales of the four types of passenger cars, the production and sales of passenger cars decreased by 50.4% and 47% year-on-year respectively; the production and sales of SUVs decreased by 42.3% and 37.3% year-on-year.

MPV production and sales decreased by 65.7% and 58.6% year-on-year respectively; cross-over passenger car production and sales decreased by 53% and 49.7% year-on-year, respectively.

In terms of new energy vehicles, February production and sales volume reached 9,951 and 12,908 units, respectively, a year-on-year decrease of 82.9% and 75.2%.

Among them, the production and sales of pure electric vehicles were 8,342 and 10,680 respectively, a year-on-year decrease of 80.5% and 72.6%.

The production and sales of plug-in hybrid vehicles were 1,609 and 2,228, respectively, a year-on-year decrease of 89.5% and 82.9%. Production and sales of fuel cell vehicles are both zero.

From January to February, the production and sales of new energy vehicles were 53,840 and 59,705 respectively, a year-on-year decrease of 63.8% and 59.5%.

Among them, the production and sales of pure electric vehicles were 38,946 and 44,557 respectively, a year-on-year decrease of 64.4% and 60.7%.

The production and sales of plug-in hybrid vehicles were 14,749 and 14,977, respectively, a year-on-year decrease of 62.2% and 55.7%.

Production and sales of fuel cell vehicles were 145 and 171, respectively, down 24.5% and 8.6% year-on-year.

In terms of exports, 45,000 vehicles were exported in February, a decrease of 35.1% month-on-month and a decrease of 22.0% year-on-year.

In terms of vehicle types, passenger vehicles exported 35,000 units this month, a decrease of 32.7% from the previous month and a decrease of 4.3% year-on-year. Commercial vehicles exported 10,000 units, a decrease of 42.4% from the previous month and a decrease of 52.4% year-on-year.

From January to February, auto companies exported 113,000 vehicles, a year-on-year decrease of 19.4%. By model, passenger cars were exported 86,000 units, a year-on-year decrease of 5%; commercial vehicle exports were 27,000 units, a year-on-year decrease of 45.3%.

In the first two months of this year, the total sales volume of the top ten enterprise groups for automobile sales was 2.004 million units, a decrease of 40.6% over the same period of the previous year and a decrease of 1.4 percentage points from the industry. It accounted for 91.2% of total car sales, 2.1 percentage points higher than the same period last year.

Among them, among the top 15 enterprise groups in the sales of Chinese brand cars, only FAW has shown a positive growth.

Among the top 15 conglomerates of Chinese brand passenger car sales, only two passenger car companies, FAW and Weichai (Chongqing), showed growth.

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Data

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