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First, February car sales increased by 17.8% year-on-year
According to the statistics of China Association of Automobile Manufacturers, the national automobile production and sales in February was 1,163,500 and 1,596,400 respectively, and the production and sales decreased by 20.2% and 26.0% respectively; the year-on-year growth was 21.5% and 17.8% respectively.
From January to February, the production and sales of automobiles were 3.688 million and 3,752,900, respectively, up 11.4% and 10.7% respectively.
(I) Passenger car sales in February increased by 18.0% year-on-year
In February, the production of passenger cars was 1,338,800, a year-on-year increase of 21.2%, a decrease of 21.7% from the previous month; sales of 1,312,200 vehicles, an increase of 18.0% year-on-year and a decrease of 29.0% from the previous month. Among them, the sales of cars was 830,500, an increase of 10.7%; the sales of MPV was 134,300, a year-on-year increase of 73.1%; the sales of SUVs was 237,200, a year-on-year increase of 50.3%; the sales of cross-type passenger cars were 110,200, a year-on-year decrease of 12.9%.
From January to February, the production and sales of passenger cars were 3.0039 million and 3,159,900 respectively, up 11.9% and 11.3% respectively. Among them, the sales of cars was 2.0262 million, up 4.6% year-on-year; MPV sales were 326,600, up 69.3% year-on-year; SUV sales were 557,700, up 40.4% year-on-year; cross-type passenger car sales were 246,500, down 20.1% year-on-year.
1. The market share of passenger cars with a displacement of 1.6 liters and below decreased by 3.39%.
In February, sales of passenger cars of 1.6 liters and below were 883,400, accounting for 67.32% of the passenger car sales market, down 3.39 percentage points over the same period of the previous year; sales increased by 12.36% year-on-year.
From January to February, sales of passenger cars of 1.6 liters and below were 2,191,000, accounting for 67.08% of the passenger car sales market, down 3.55 percentage points from the same period of the previous year; sales increased by 5.74% year-on-year.
2. Sales of self-owned brand cars decreased by 7.6% year-on-year
In February, sales of self-owned brand passenger cars totaled 503,700 units, up 5.4% year-on-year, accounting for 38.4% of the passenger car sales market, down 4.6 percentage points from the same period in 2013. Among them, self-owned brand cars sold a total of 177,700 units, down year-on-year. 18.2%, accounting for 21.4% of total car sales, down 7.6 percentage points from the same period in 2013.
From January to February, the sales of self-owned brand passenger vehicles totaled 1,121,100 units, down 1% year-on-year, accounting for 38.4% of the passenger vehicle sales market. The occupancy rate decreased by 4.8 percentage points year-on-year; among them, the self-owned brand cars sold a total of 456,500 units. It fell by 20.7% year-on-year, accounting for 22.5% of total car sales, and its share fell by 7.2 percentage points year-on-year.
(II) Sales of commercial vehicles in February increased by 17.0% year-on-year
In February, the production of commercial vehicles was 298,700 units, a year-on-year increase of 23.3%, a decrease of 12.4% from the previous month; sales of 248,200 units, an increase of 17.0% year-on-year and a decrease of 8.2% from the previous month.
From January to February, commercial vehicles produced a total of 639,500 units, a cumulative increase of 9.2% year-on-year; sales of 539,900 units, a cumulative increase of 7.6%.
Second, the automobile import and export market maintained growth year-on-year
In January 2014, the total vehicle export volume was 88,600 units, a year-on-year increase of 7.9%; the total vehicle export value was 1.258 billion US dollars, an increase of 16.9%.
In January 2014, the total number of imported vehicles was 111,000, a year-on-year increase of 57.6%; the total import value of automobiles was 4.993 billion US dollars, up 67.0% year-on-year.
Economic performance of the automobile industry in February 2014
Abstract In February 2014, China's automobile production and sales market showed a rapid growth year-on-year. From January to February, automobile production and sales increased by more than 10%, and the growth rate was slightly lower than the same period of the previous year. In January and February, vehicle sales increased by 17.8% year-on-year. According to the statistics of China Association of Automobile Manufacturers, the national automobile production and sales points in February...
In February 2014, China's automobile production and sales market showed a rapid growth year-on-year. From January to February, automobile production and sales increased by more than 10%, and the growth rate was slightly lower than the same period of the previous year.