Brief Introduction of The Production and Sales of China's Automobile Industry in March 2022

In March 2022, from the perspective of automobile consumption, the consumption momentum was obviously insufficient, showing a certain decline compared with the same period last year. It is necessary to introduce the policy of halving the purchase tax to support the steady growth of the automobile industry.

In March 2022, China's automobile production and sales reached 2.241 million and 2.234 million respectively, with a month-on-month increase of 23.4% and 28.4% respectively, and a year-on-year decrease of 9.1% and 11.7% respectively.

From January to March 2022, China's automobile production and sales were 6.484 million and 6.509 million respectively, with a year-on-year increase of 2.0% and 0.2% respectively.

In March 2022, the production and sales of passenger vehicles were 1.881 million and 1.864 million respectively, with a month-on-month increase of 22.4% and 25.1%, and with a year-on-year decrease of 0.1% and 0.6% respectively, both from increase to decrease compared with the last month.

From January to March 2022, the production and sales of passenger vehicles were 5.499 million and 5.545 million respectively, with a year-on-year increase of 11.0% and 9.0% respectively.

In March 2022, the production and sales of commercial vehicles were 360,000 and 370,000 respectively, with a month-on-month increase of 29.2% and 47.7% respectively, and a year-on-year decrease of 38.0% and 43.5% respectively.

From January to March 2022, the production and sales of commercial vehicles were 985,000 and 965,000 respectively, with a year-on-year decrease of 29.7% and 31.7% respectively.

In March 2022, the production and sales of new energy vehicles were 465,000 and 484,000 respectively, with a year-on-year increase of 1.1 times.

From January to March 2022, the production and sales of new energy vehicles were 1,293,000 and 1,257,000 respectively, with a year-on-year increase of 1.4 times.

From: China Association of Automobile Manufacturers

Translated by; WONDEE Autoparts

2022/5/18