Production and sales situation of China's automotive industry in February 2024

According to statistics and analysis from the China Association of Automobile Manufacturers, from the perspective of automobile production and sales, some demand for car purchases has been released before the Spring Festival, and overall automobile production and sales have declined compared to January. From January to February, it can be seen that passenger vehicles and commercial vehicles continue to operate steadily, while new energy vehicles and vehicle exports continue to perform well.

In February 2024, China's automobile production and sales reached 1.506 million and 1.584 million respectively, a decrease of 37.5% and 35.1% month-on-month, and a decrease of 25.9% and 19.9% year-on-year.

From January to February 2024, China's automobile production and sales reached 3.919 million and 4.026 million respectively, with year-on-year growth of 8.1% and 11.1%.

In February 2024, China's production and sales of passenger vehicles reached 1.273 million and 1.333 million respectively, a decrease of 38.9% and 37% month-on-month, and a decrease of 25.8% and 19.4% year-on-year.

From January to February 2024, China's production and sales of passenger vehicles reached 3.36 million and 3.451 million respectively, with year-on-year growth of 7.9% and 10.6%.

In February 2024, China's production and sales of commercial vehicles reached 233,000 and 251,000 respectively, a decrease of 28.9% and 22.6% compared to the previous month; The year-on-year decrease was 26.6% and 22.5%, respectively.

From January to February 2024, China's production and sales of commercial vehicles reached 560,000 and 575,000 respectively, with year-on-year growth of 9% and 14.1%.

In February 2024, China's production and sales of new energy vehicles reached 464,000 and 477,000 respectively, a year-on-year decrease of 16% and 9.2%.

From January to February 2024, China's production and sales of new energy vehicles reached 1.252 million and 1.207 million, respectively, with year-on-year growth of 28.2% and 29.4%.

In February 2024, China's automobile exports reached 377,000 units, a month-on-month decrease of 14.9% and a year-on-year increase of 14.7%. From January to February 2024, China's automobile exports reached 822000 units, a year-on-year increase of 30.5%.

(Note: the above data are from China Association of Automobile Manufacturers)

Translated by; WONDEE Autoparts

2024/4/2