According to the latest retail sales statistics of the Automobile Market Research Branch of the China Automobile Dealers Association (CNA), the sales volume of the domestic narrow passenger car market reached 1.250 million units in February, an increase of 4.5% year-on-year and a decrease of 39.9% month-on-month; the cumulative sales volume from January to February was 3.328 million units, down 1.6% year-on-year.
The data in this article is based on the monthly report of the Passenger Car Market Information Association - first draft.
This month, the total retail sales of the TOP15 car companies were 946,000 units, and the market concentration was 75.2%, down 0.6 percentage points from the previous month.
Among them, there are three German brands FAW-Volkswagen, SAIC Volkswagen and BMW Brilliance, with a market share of 17.7%, down 5.8 percentage points from the previous month; while independent brands account for six, namely BYD, Geely Automobile, Changan Automobile, SAIC-GM-Wuling, Great Wall Motors and Chery Automobile, with a market share of 29.2%, down 0.8 percentage points from the previous month; Japanese brands have Dongfeng Nissan, FAW Toyota, Dongfeng Honda, GAC Toyota and GAC Honda, with a market share of 22.5%. This is up 5.9 percentage points from the previous month.
Only SAIC-GM, a U.S.-based brand, entered the TOP15, with a market share of 5.8%, basically the same as last month.
It is undeniable that Ashkenazi brands still dominate the Chinese market. Among them, FAW-Volkswagen sold 105,000 vehicles in February, accounting for 8.3% of the market, and continued to occupy the top position. SAIC Volkswagen ranked third with sales of 80,000 vehicles, with a market share of 6.4%. In addition, while FAW-Volkswagen and SAIC-Volkswagen continue to consolidate their positions in the fuel vehicle market, they have begun to launch a fierce "attack" in the new energy vehicle market in the past two years. Although BMW Brilliance fell by 6.1% year-on-year, it is still the only luxury brand in the list.
The growth of independent brands in these years is also obvious to all, and this time BYD has become a |" Dark Horse", directly into the second position in the sales rankings, in February with 89,000 units of retail sales, an increase of 340.4% year-on-year performance to beat SAIC Volkswagen, bydIR's brilliant performance is mainly due to the rapid increase in the penetration rate of its new energy vehicles. Geely Automobile performed well in February, with terminal retail sales of 69,000 units, ranking second among autonomous car companies and fifth on the list. Changan Automobile, SAIC-GM-Wuling and Great Wall Motors all declined to varying degrees, but Chery Automobile rose by 21.8% year-on-year, which was a surprise.
SAIC-GM, which used to be in the top three sales, was squeezed to the fourth place in February, with sales falling by 7.9% year-on-year to 73,000 units, which is quite OK in terms of volume, but it is indeed unsatisfactory compared with the past glory.
Dongfeng Nissan, as one of the Japanese troikas, firmly sat in the top spot of Japanese brands in February, with monthly sales of 63,000 vehicles, down 1.5% year-on-year, with the return of the four-cylinder X-Trail, Dongfeng Nissan's future performance is still worth promising. FAW Toyota sold 60,000 vehicles in February, up 23% year-on-year, and its performance was very good. The sales volume of Dongfeng Honda, GAC Toyota and GAC Honda are very close, which shows that the competition between Japanese brands is also very fierce.