According to China Association of Automobile Manufacturers statistical analysis, in February this year experienced a complete Spring Festival holiday, the effective working day is reduced, the manufacturing industry is in the traditional production off-season, the production operation of enterprises has been affected to a certain extent, the market activity in general has declined.
From the automobile production sales situation, part of the dem for car purchases has been released before the Spring Festival, automobile production sales in general compared to January has dropped. From the January-February operation, fuel vehicles new energy vehicles were reduced compared with the previous month, but new energy vehicles automobile exports continued to perform well.
In February 2024, the production sales of automobiles completed 1.506 million units 1.584 million units respectively, down 37.5% 35.1% from a year earlier, down 25.9% 19.9% from the same period last year.
In January-February 2024, the production sales of automobiles completed 3.919 million units 4.026 million units, respectively, an increase of 8.1% 11.1% over the same period last year.
Monthly Fuel Vehicle Sales
In February 2024, the production sales of fuel vehicles completed 1,042,000 units 1,107,000 units respectively, down 36% 35% sequentially, down 30% 28% compared with the same period last year.
In January-February 2024, the production sales of fuel vehicles completed 2,667,000 units 2,819,000 units, respectively, representing an increase of
Monthly Sales of New Energy Vehicles
In February 2024, the production sales of new energy vehicles completed 464,000 units 477,000 units respectively, down 41% 35% from the previous year, down 16% 9.2% from the same period last year.
In January-February 2024, the production sales of new energy vehicles were completed at 1.252 million units 1.207 million units respectively, up 28.2% 29.4% over the same period last year.
Monthly automobile exports
According to China Association of Automobile Manufacturers (CAAM) statistical analysis, automobile exports continued to perform well. in February 2024, automobile exports 377,000 units, down 14.9% sequentially up 14.7% year-on-year.
In January-February 2024, automobile exports 822,000 units, up 30.5% year-on-year.
In February 2024, exports of conventionally fueled vehicles were 295,000 units, down 13.8% from a year earlier up 22.1% from a year earlier.
In January-February 2024, 640,000 units of conventionally fueled vehicles were exported, up 39 percent from a year earlier.
In February 2024, exports of new energy vehicles amounted to 82,000 units, down 18.5% sequentially 5.9% year-on-year.
From January to February 2024, exports of new energy vehicles amounted to 182,000 units, up 7.5% year-on-year.
