Car sales in January were solid, up 1% from a year earlier to get the New Year off to a good start
In January 2022, before the Spring Festival market demand continues to rebound, combined with the chip supply continues to improve, passenger car companies to welcome the New Year “good start” actively, dealers also significantly increase the intensity of terminal is favorable, but some companies affected by the local epidemic, sales growth has slowed, and passenger car sales have fallen month-on-month, but compared to the same continues the stable growth.In January, the overall situation of automobile production and sales was stable, with a decrease from the previous month and a slight increase year-on-year.In terms of segmented models, supported by the continuous improvement of chip supply and the encouragement of automobile consumption policies issued by some localities, passenger cars performed better than the overall level, and the production and sales continued to grow steadily year-on-year.Commercial vehicle production and sales sequential and year-on-year still continued the downward trend, and the year-on-year decline is more significant.The export of new energy and automobile remained outstanding, and maintained rapid growth in the same period.A total of 2.186 million passenger cars were sold in January, down 9.7 percent month-on-month and up 6.7 percent year-on-year.In the main varieties of passenger vehicles, compared with the last month, the sales of four categories of passenger vehicles decreased, multi-purpose passenger vehicles (MPV) and cross-type passenger vehicles fell more obviously;Multipurpose passenger vehicle (MPV) sales fell slightly from a year ago, while the other three categories showed growth, with crossover passenger vehicle growth being the most significant.Sales of Chinese branded passenger vehicles fell in January from the previous month, maintaining rapid year-on-year growth and growing faster than the industry as a whole.A total of 1.004 million vehicles were sold in the month, down 11.7% from the previous month and up 15.9% year on year, accounting for 45.9% of the total passenger vehicle sales. The share decreased 1.0 percentage points compared with the previous month and increased 3.7 percentage points compared with the same period last year.Among the major foreign brands, compared with last month, the sales of German brands increased slightly, the decline of Japanese and French brands was slightly lower, and the American and Korean brands all showed a rapid decline;Compared with the same period of last year, the sales growth rate of France is still rapid, the German and American departments showed a small increase, and the Japanese and Korean departments showed a decline, among which the Decline of The Korean brand is more obvious.In January, the market share of Chinese brand cars, SUVs and MPVS was 34.8%, 54.7% and 50.6%, respectively. Compared with the previous month, the market share of Chinese brand cars and MPVS decreased, while SUVs showed a slight increase.Compared with the same period last year, the market share of Chinese brand cars and SUVs increased, while MPV declined rapidly.In January, the top 10 car manufacturers sold a total of 656,000 cars, accounting for 64.5% of the total car sales.Among the top ten car manufacturers in terms of sales volume, compared with the previous month, BMW Brilliance, Dongfeng Co., LTD. (headquarters) and Guangqi Honda saw a rapid growth in sales, WHILE SAIC-Volkswagen was flat with the previous month. Other enterprises all saw a decline, among which SAIC-GM and SAIC-GM-Wuling saw a more obvious decline.Compared with the same period last year, faW-Volkswagen saw a rapid decline in sales, WHILE SAIC-GM, Geely Holding and GAC Toyota saw a slightly lower decline. Other enterprises all saw growth, among which BYD and GAC Honda saw a more significant growth.The top 10 SUV manufacturers sold 613,000 units in January, accounting for 58.0 percent of the total SUV sales.In the top ten SUV manufacturers, compared with last month, Changan Automobile sales growth is the most obvious, Dongfeng Limited also showed a rapid growth, Dongfeng Honda and GaC Toyota small growth, other enterprises are down;Compared with the same period last year, sales of Great Wall Motor co., LTD., Geely Holding Co., LTD., Dongfeng Honda Co., Ltd. and Dongfeng Co., Ltd. declined, while other enterprises showed varying degrees of growth, among which SAIC Volkswagen and BYD Co., LTD. ‘s growth rate was more significant.In January, the top 10 MPV manufacturers sold 68,000 units, accounting for 83.9 percent of total MPV sales.Among the top 10 MPV manufacturers in terms of sales, compared with last month, sales of SAIC-GM, SAIC-GM-Wuling, SAIC-Datong and Fujian Benz decreased to a certain extent, while other enterprises increased to varying degrees, among which dongfeng Company, Changan Automobile, GaC Toyota and Dongfeng Honda increased significantly.Compared with the same period last year, sales of Dongfeng, Changan and Dongfeng Honda increased significantly, while other companies all declined.Looking ahead to the first quarter, the development of the automobile market will be affected by both positive and negative factors, including three positive factors: first, local governments will actively introduce policies related to steady growth to support relatively stable market demand;Second, the shortage of chip supply in the automotive industry is expected to continue to ease;Third, some passenger car companies have a good market expectation for 2022 and have set a high annual production target, which will also play a certain role in supporting the production and sales in the first quarter.There are also three negative factors: first, the chip shortage in the first quarter still exists, and the industry is not greatly affected by chips in the first quarter of 2021, with a high base;Second, the spread of COVID-19 within the country has also increased risks in the industrial and supply chains.Third, the current policy dividend of commercial vehicles has been basically exhausted, superimposed on the lack of demand in the transportation market, low freight rates, so in the future, commercial vehicles will be in a period of adjustment.To sum up, we should be cautiously optimistic about the future development of the market.