China’s auto market got off to a steady start in January, with a slight year-on-year growth in production and sales

2022-05-13 0 By

On February 18, The China Association of Automobile Manufacturers released data on the operation of the auto industry in January 2022.Data showed that in January, the production and sales of automobiles were 2.422 million and 2.531 million respectively, down 16.7% and 9.2% month-on-month respectively, and up 1.4% and 0.9% year-on-year respectively.In January 2022, the automotive industry showed a steady trend of development against a high base of the same period last year.In January, the production and sales of passenger cars were 2.077 million and 2.186 million, down 17.8% and 9.7% from the previous month, and up 8.7% and 6.7% from the previous year, respectively.It provides a strong support for the stable development of the automobile market.Among the four categories of passenger car models, except MPV, the production and sales of the other three models all maintained positive growth, and the growth rate of SUV was higher than that of sedan.China Association of Automobile Manufacturers analysis, January car sales slightly increase and China’s overall continuation of the recovery trend has a great relationship.In particular, the positive growth of passenger car production and sales has a lot to do with the continuous slight improvement of chip supply and some local policies to encourage car consumption.China Association of Automobile Manufacturers (CAAM) said it should be cautiously optimistic about the development of the auto market in the first quarter, taking into account all the favorable and unfavorable factors affecting the operation of the auto industry.The market share of Chinese brand passenger vehicles continued to rise in January, up 3.7 percentage points year-on-year to 45.9%;Sales reached 1.004 million units, up 15.9 percent year on year.The top two Chinese branded passenger car groups by sales volume both showed positive year-on-year sales growth in January.Changan Automobile saw 6.3% year-on-year growth, while SAIC motor saw 12.7% growth.In other departments, the market share of American and French models increased slightly;German, Japanese and Korean models are showing varying degrees of market share decline.Compared with passenger vehicles, commercial vehicles showed an obvious downward trend in January.In January, the production and sales of commercial vehicles were 345,000 and 344,000 respectively, down 9.3% and 5.5% respectively from the previous month, and down 28.0% and 25.0% respectively from the previous year.China Association of Automobile Manufacturers believes that the policy dividend is gradually exhausted, the transport market demand and other factors are the key factors for the decline of commercial vehicle production and sales, and under the effect of these factors, the commercial vehicle market is difficult to show the development trend of the first half of last year in the short term.Among the top 15 commercial vehicle enterprise groups, only Changan ranked the first, SAIC ranked the third and Chery ranked the 13th achieved positive growth in sales. The sales of the other 12 enterprise groups in January all declined to varying degrees, and some enterprises even saw a decline of more than 60%, which was “cut by half”.It is worth paying attention to that the decline in the production and sales of commercial vehicles is more obvious in its various models.Among them, heavy and medium truck sales still declined significantly year on year, although light truck also showed a decline, but significantly better than heavy and medium truck sales, January micro truck sales increased significantly year on year.Among buses, only the sales of large buses increased year on year, while the other two types of models all showed a decline.In January, the production and sales of new energy vehicles were 452,000 and 431,000 respectively, up 1.3 times and 1.4 times year-on-year respectively.According to the China Association of Automobile Manufacturers, sales of new energy vehicles this month have not set a new record, but they still continue the trend of rapid development last year, with production and sales scale much higher than the same period last year.In terms of market share, the market share of new energy vehicles reached 17% in January, and the market share of new energy passenger vehicles reached 19.2%, which continued to be higher than the whole year last year.Sales and concentration of new car makers continued to increase in January.In January, sales of new car manufacturers reached 121,000 units, up 171.9 percent year on year.Concentration reached 4.8%, up 3 percentage points from a year earlier.New vehicle enterprises are growing into the backbone of China’s new energy vehicle market.Automobile exports also showed good growth in January.Data showed that in January, auto companies exported 231,000 units, up 3.8 percent month-on-month and 87.7 percent year-on-year.Auto exports continued to improve this month, with monthly exports at a record high, according to the China Association of Automobile Manufacturers.Disclaimer: The above content is reproduced from new energy vehicles news EV, the content does not represent the position of this platform.National Energy Information Platform Tel: 010-65367702, email:, Address: People’s Daily, No.2 Jintai West Road, Chaoyang District, Beijing