According to the data released by China Automobile Industry Association on the 11th, in February this year, China's automobile production and sales reached 1.813 million and 1.737 million respectively, down 25.2% and 31.4% month on month, with a year-on-year increase of 20.6% and 18.7%.
Chen Shihua, Deputy Secretary General of China Automobile Industry Association, said that from January to February, the production and sales of the automobile industry remained stable, continued to grow year-on-year, and showed a 10% increase over the same period in 2019. From the perspective of subdivided models, the production and sales of passenger vehicles showed a downward trend month on month and maintained rapid growth year on year, while the production and sales of commercial vehicles showed a downward trend month on month and year on year, and the performance is still depressed. The overall performance of new energy vehicles this month is still excellent, with a decrease month on month and a high-speed growth year-on-year. In addition, although automobile exports this month also showed a certain downward trend over the previous month, they still maintained a year-on-year growth momentum.
Taking Saic Motor Corporation Limited(600104) as an example, in February this year, Saic Motor Corporation Limited(600104) sold 322000 complete vehicles, with a year-on-year increase of 30.6%, of which SAIC passenger car company sold 64000 vehicles, with a year-on-year increase of 113.4%; The sales volume of new energy vehicles exceeded 45000, with a year-on-year increase of 48.4%; The overall overseas sales exceeded 56000, with a year-on-year increase of 69.3%.
Chen Shihua said that the automobile market is expected to show a steady growth trend in the first quarter. However, it is worth noting that the external environment of the industry is more complex due to the current conflict between Russia and Ukraine. In addition, factors such as the shortage of chips and the continuous rise of raw material costs still affect the production and operation of enterprises, and the task of ensuring supply and stabilizing price is very arduous. "We remain cautiously optimistic about the future development of the industry. At the same time, we also suggest that enterprises pay timely attention to the changes in the internal and external situation, actively plan, and constantly improve their ability to cultivate opportunities in the crisis and open a new situation in the changing situation."
Specifically, in February, the production and sales of passenger cars were 1.534 million and 1.487 million, down 26.1% and 32.0% month on month, with a year-on-year increase of 32.0% and 27.8%. Compared with the previous month, the production and sales of the four categories of passenger cars showed a rapid decline; Compared with the same period of last year, the production and sales of basic passenger cars (cars) and sports multipurpose passenger vehicles (SUVs) increased rapidly, the output of multi-functional passenger vehicles (MPVS) decreased slightly, the sales increased rapidly, and the output of crossover passenger vehicles increased rapidly, and the sales decreased.
From January to February, the production and sales of passenger cars reached 3.612 million and 3.674 million, with a year-on-year increase of 17.6% and 14.4%. Among the main varieties of passenger cars, compared with the same period of last year, the output of multi-functional passenger vehicles (MPV) decreased slightly, and the sales volume increased slightly. The production and sales of the other three categories of passenger cars maintained rapid growth, among which the growth rate of cross passenger cars was more obvious.
In February, 279000 and 250000 commercial vehicles were produced and sold, with a month on month decrease of 19.2% and 27.4%, and a year-on-year decrease of 18.3% and 16.6%. Among the main varieties of commercial vehicles, compared with the previous month, the production and sales of trucks and buses showed a rapid decline trend; Compared with the same period of last year, the production and sales of passenger cars decreased slightly, and the decline of freight cars was more obvious.
In February, among the subdivided varieties of trucks, compared with the previous month, the production and sales of heavy and light trucks showed a rapid downward trend, the output of mini trucks increased slightly, the sales volume decreased, and the production and sales of medium trucks showed an upward trend; Compared with the same period of last year, the production and sales of heavy and medium-sized trucks showed a downward trend, the output of light trucks decreased slightly, the sales volume increased slightly, and the production and sales of micro trucks increased rapidly year-on-year. Among the subdivided bus varieties, compared with the previous month, the production and sales of the three categories of bus varieties showed a downward trend, especially for large and medium-sized buses; Compared with the same period of last year, the output of large passenger cars decreased rapidly, the sales volume increased significantly, the production and sales of medium-sized passenger cars showed an increasing trend, and the production and sales of light passenger cars decreased slightly.
From January to February, the production and sales of commercial vehicles reached 624000 and 594000, with a year-on-year decrease of 24.0% and 21.7%. Among the main varieties of commercial vehicles, the production and sales of passenger cars and trucks showed a downward trend compared with the same period of last year.
From January to February, among the main varieties of trucks, the production and sales of minivans maintained a rapid growth compared with the same period of last year, and the other three categories decreased. Among the main varieties of passenger cars, compared with the same period of last year, the production and sales of large passenger cars increased rapidly, and the production and sales of medium-sized and light passenger cars decreased.
In February, the production and sales of new energy vehicles decreased month on month, and continued to maintain rapid growth year-on-year. The production and sales reached 368000 and 334000 respectively, down 18.6% and 22.7% month on month, with a year-on-year increase of 2.0 times and 1.8 times. Among the main varieties of new energy vehicles, compared with the previous month, the production and sales of pure electric vehicles and plug-in hybrid vehicles showed a downward trend, among which the production and sales of pure electric vehicles decreased more significantly; Compared with the same period last year, the production and sales of pure electric vehicles and plug-in hybrid vehicles continued to maintain a rapid growth momentum.
From January to February, the production and sales of new energy vehicles reached 820000 and 765000, with a year-on-year increase of 1.6 times and 1.5 times. Among the main varieties of new energy vehicles, compared with the same period of last year, the production and sales of pure electric vehicles and plug-in hybrid vehicles continued the momentum of rapid growth, and the growth rate of plug-in hybrid vehicles was more significant.
From January to February, the top ten enterprises (groups) in automobile sales sold 3.67 million vehicles, accounting for 86.0% of the total automobile sales. Among the top ten automobile sales enterprises, compared with the same period of last year, the sales of FAW, BAIC, Geely and great wall showed a certain downward trend, while other enterprises showed an increasing trend, Byd Company Limited(002594) growth rate was particularly significant.
