In February 2022, passenger car sales continued to decline month-on-month, showing rapid year-on-year growth. A total of 1.487 million units were sold in the month, down 32.0% month-on-month and 27.8% year-on-year. Among the main varieties of passenger cars, compared with the previous month, the sales volume of the four major passenger car varieties showed a decline, and the decline in cross-type passenger cars was more obvious; compared with the same period last year, the sales of cross-type passenger cars declined, and the other three major types of passenger car varieties showed rapid growth.
From January to February, 3.674 million units were sold, up 14.4% year-on-year. Among the main varieties of passenger cars, compared with the same period last year, the sales growth rate of multi-purpose passenger cars (MPVs) was slightly lower, and the other three major types of passenger cars showed rapid growth.
In February, the sales of Chinese brand passenger cars showed a rapid decline month-on-month, maintaining rapid growth year-on-year. A total of 634,000 units were sold in the month, down 36.9% month-on-month and 27.9% year-on-year, accounting for 42.6% of total passenger car sales, and the share was down 3.3 percentage points from the previous month, basically the same as the same period last year. Among the major foreign brands, compared with the previous month, sales have shown a significant decline; compared with the same period last year, the sales volume of Korean brands has declined slightly, and other foreign brands have shown rapid growth, of which the growth rate of French brands is still the most significant.
In February, the market share of Chinese brand cars, SUVs and MPVs was 33.2%, 49.7% and 49.8% respectively, compared with the previous month, the market share of Chinese brand cars, SUVs and MPVs declined; compared with the same period last year, the market share of Chinese brand cars continued to grow, and Chinese brand SUVs and MPVs declined.
From January to February, Chinese brand passenger cars sold a total of 1.637 million units, an increase of 20.3% year-on-year, accounting for 44.6% of total passenger car sales, and the share increased by 2.2 percentage points over the same period last year. Among the major foreign brands, compared with the same period last year, the sales volume of Korean brands declined rapidly, other foreign brands showed growth, and the growth rate of French brands was more obvious.
From January to February, the market share of Chinese brand cars, SUVs and MPVs was 34.2%, 52.6% and 50.3% respectively, compared with the same period last year, the market share of Chinese brand cars maintained growth, SUVs declined slightly, and the decline in MPV was more obvious.
From January to February, the top 10 car manufacturers sold a total of 1.095 million units, accounting for 64.2% of the total sales of cars. Among the top ten car manufacturers in terms of sales, compared with the same period last year, FAW-Volkswagen, SAIC-GM and FAW Toyota's sales have declined, and other companies have shown growth, of which BYD shares have the most obvious growth rate.
From January to February, the top 10 SUV manufacturers sold a total of 1.022 million units, accounting for 57.1% of the total SUV sales. Among the top ten SUV manufacturers in terms of sales, compared with the same period last year, the sales of Changan Automobile, Great Wall Motor and Geely Holdings showed a certain decline, and other companies showed growth, among which BYD, SAIC Volkswagen and Tesla grew more significantly.
From January to February, the top 10 MPV manufacturers sold a total of 112,000 units, accounting for 84.0% of the total MPV sales. Among the top ten MPV manufacturers in terms of sales, compared with the same period last year, SAIC-GM-Wuling's sales volume declined rapidly, and other companies showed different degrees of growth.
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