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CAAM releases production and sales for February

From:网通社 2020-03-13 12:00:55

China Association of Automobile Manufactures (CAAM) released the economic performance of the automobile industry in February 2020 on Thursday. It is reported that, affected by the new crown pneumonia epidemic, last month's automobile market production and sales were significantly lower than the previous month. On the production side, enterprises have low levels of output due to issues such as slow resumption of work and the supply of parts and components. On the consumer side, stagnation in product consumption and severely restrained market demand will have a significant impact on the automotive market in the first half of the year. CAAM predicts that with the gradual resumption of production and production in late February, automobile production and sales in March will increase significantly compared to February.

According to data, the total output of the Chinese auto market in February was 285,000 units, a decrease of 83.9% month-on-month and a decrease of 79.8% year-on-year. Cumulative production from January to February reached 2.048 million units, a year-on-year decrease of 45.8%. In terms of sales volume, the auto market sold 311,000 new vehicles last month, a decrease of 83.9% month-on-month and a decrease of 79.1% year-on-year. Cumulative sales from January to February reached 2.238 million units, a year-on-year decrease of 42.0%.


In the passenger vehicle market, total production in February was 195,000 units, a decrease of 86.4% month-on-month and a decrease of 82.9% year-on-year. Cumulative production from January to February was 1.631 million units, a year-on-year decrease of 48.1%. In terms of sales volume, the passenger car market sold 224,000 new cars last month, a decrease of 86.1% month-on-month and a decrease of 81.7% year-on-year. Cumulative sales from January to February reached 1.831 million units, a year-on-year decrease of 43.6%.

As for the passenger cars by type, the production and sales of sedan from January to February decreased by 50.4% and 47% year-on-year, the production and sales of SUV decreased by 42.3% and 37.3% year-on-year, and the MPV production and sales decreased by 65.7% and 58.6%, the production and sales of crossed passenger cars decreased by 53% and 49.7% year-on-year, respectively.

In the commercial vehicle market, total production in February was 89,000 units, a 73.0% decrease from the previous month and a 66.9% decrease from the same period last year. Cumulative production from January to February was 417,000 units, a year-on-year decrease of 34.8%. In terms of sales volume, 86,000 new vehicles were sold in the commercial vehicle market last month, a decrease of 73.1% month-on-month and a decrease of 67.1% year-on-year. Cumulative sales from January to February reached 407,000 units, a year-on-year decrease of 33.2%.

As seen by type, the production and sales of passenger cars from January to February were 37,000 and 36,000, respectively, a year-on-year decrease of 23.6% and 31.9%; the production and sales of trucks were 379,000 units and 371,000 units, respectively, a year-on-year decrease of 35.8 % and 33.3%.


In February, the total output of the NEVs was 9,951 units, a decrease of 77.3% month-on-month and a decrease of 82.9% year-on-year. The total sales volume reached 12,908 units, a decrease of 72.4% month-on-month and a 75.2% year-on-year decrease. To be specific, the production and sales of BEVs were 8,342 and 10,680 respectively, a year-on-year decrease of 80.5% and 72.6%. The production and sales of PHEVs were 1,609 and 2,228, respectively, a year-on-year decrease of 89.5% and 82.9%. The production and sales of FCV are all zero.

From January to February, NEV's cumulative production was 53,840 units, a decrease of 63.8% year-on-year, and cumulative sales reached 59,705 units, a year-on-year decrease of 59.5%. To be specific, the production and sales volume of BEVs were 38,946 and 44,557 units, respectively, a year-on-year decrease of 64.4% and 60.7%. The production and sales volume of PHEVs were 14,749 and 14,977, respectively, a year-on-year decrease of 62.2% and 55.7%. FCV's production and sales were 145 and 171, respectively, down 24.5% and 8.6% year-on-year.

In February, the export volume of China's auto companies was 45,000, a decrease of 35.1% month-on-month and a decrease of 22.0% year-on-year. To be specific, 35,000 passenger cars were exported, a 32.7% decrease from the previous month and a 4.3% decrease from the same period last year. Commercial vehicle exports were 10,000, down 42.4% month-on-month and 52.4% year-on-year. From January to February, China's auto companies exported a total of 113,000 units, a year-on-year decrease of 19.4%. To be specific, the cumulative export of passenger vehicles was 86,000, a year-on-year decrease of 5%, and the cumulative export of commercial vehicles was 27,000, a year-on-year decrease of 45.3%.

Editor:Xi Xiaolin