In March, the National Association of Passenger Vehicles for the Recovery of Auto Markets announced that the February auto sales data showed that the domestic wholesale sales of general passenger vehicles in February reached 1.09 million, an increase of 22.3% year-on-year and 6.7% lower than the previous period.
In the market segment, the mini-vehicle market still suffered heavy losses. In the previous two months, the accumulated sales volume and terminal sales volume of the general passenger vehicles both declined. The data shows that the sales volume of narrow passenger cars in the first two months was 1.88 million, which was a year-on-year increase of 1.3%, which was mainly due to the dragging of micro-cars. The cumulative sales volume of micro-customers in the first two months was 384,000, a year-on-year decline of 12.9%.
After entering March, the domestic auto market entered a period of intensive release of new cars, and the auto market suddenly rose. Rao Da, the secretary-general of the association, believes that the auto market will recover in March. “In March, manufacturers will intensify their promotional efforts. The annual car purchase plans of enterprises and government agencies have been released. Public commercial vehicles have entered the first small peak of the year. In early April, there is a small holiday of Ching Ming Festival. By the end of March, it will become a private one. The small peak of buying a car. Therefore, in March, the passenger car market should increase in sales.†The introduction of the new catalogue standards of domestic car companies in the downturn has not brought much stimulation to local car manufacturers. According to statistics, in the top 10 passenger cars in February, if only domestic sales were calculated, only BYD was selected and the sales volume was only 40,000, while the top two Shanghai GM and Shanghai Volkswagen exceeded 100,000. The gap between the two vehicles and the former was further expanded; after the foreign sales were counted, Chery Automobile was added to the top ten. In the rankings of last year, Geely Automobile was a frequent visitor to the top 10, and in January it was the number one local car company.
In stark contrast to the downturn of local car companies, foreign auto giants continue to make rapid progress in China, showing the “stronger stronger and weaker weaker†situation. Among them, the leading brand Volkswagen’s sales in China in February (including Hong Kong) was 140,400 units, up 41.4% from the same period last year’s sales of 99,300 units; luxury brand Mercedes-Benz’s sales in China increased by 57.5% in February to 1,205 units; BMW Group 2 The monthly sales volume in China was 22,916 units, up 38.8% year-on-year, and the number of sales during the same period last year was 16,511. Audi's sales volume in China increased by 66% in February, which was a record number of 31,352 units.
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