In January 2022, production and sales of vehicles totaled 2.422 million units, up 1.4% y/y, and sales totaled 2.531 million units, up 0.9% y/y.
According to the statistical analysis of the China Association of Automobile Manufacturers, in January 2022, the overall situation of automobile production and sales was stable, declining month-on-month and maintaining a slight increase year-on-year. From the perspective of subdivision models, supported by the continued slight improvement in chip supply, superimposed on the introduction of policies to encourage automobile consumption in some places, passenger cars performed better than the overall level, and production and sales continued a stable growth trend year-on-year. Commercial vehicle production and sales continued the downward trend month-on-month and year-on-year, and the year-on-year decline was more significant. The performance of new energy and automobile exports is still outstanding, and both maintain rapid growth year-on-year.
Key figures:
1. Automobile as a whole: 2.531 million units were sold in January 2022, an increase of 0.9%;
2. Passenger cars: Sales in January 2022 were 2.186 million units, an increase of 6.7%;
3. Commercial vehicles: 344,000 units sold in January 2022, down 25.0%;
4. New energy vehicles: Sales in January 2022 were 431,000 units, an increase of 135.8%;
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