In March 2022, due to the frequent outbreak of the epidemic, the tight supply of chips, and the price increase of raw materials, the overall performance of passenger car sales was less than expected. A total of 1.864 million units were sold in the month, up 25.1% month-on-month and 0.6% year-on-year. Among the main varieties of passenger cars, compared with the previous month, the sales volume of the four major types of passenger cars showed growth, of which the growth rate of cross-type passenger cars was the most obvious; compared with the same period last year, the sales of cross-type passenger cars increased significantly, basic passenger cars (cars) increased slightly, sports multi-purpose passenger cars (SUVs) decreased slightly, and multi-purpose passenger cars (MPVs) declined rapidly.
From January to March, passenger car sales totaled 5.545 million units, up 9.0% year-on-year, and the growth rate was 5.4 percentage points lower than that in January and February. Among the main passenger car varieties, compared with the same period last year, the sales volume of multi-functional passenger cars (MPVs) decreased slightly, and the other three major types of passenger cars showed growth, and the growth rate of cross-type passenger cars was faster.
In March, Chinese brand passenger cars performed significantly better than the market, with sales growing rapidly month-on-month and year-on-year. A total of 904,000 units were sold in the month, up 42.1% month-on-month and 21.5% year-on-year, accounting for 48.5% of total passenger car sales, and the share increased by 5.8 percentage points over the previous month and 8.8 percentage points from the same period last year. Among the major foreign brands, compared with the previous month, the sales of passenger cars of Japanese and American brands increased rapidly, and the German, Korean and French brands showed a slight increase; compared with the same period last year, the sales of German and Korean brands decreased significantly, the decline in Japanese and American brands was slightly lower, and the French brands continued to maintain rapid growth.
In March, the market share of Chinese brand cars, SUVs and MPVs was 38.2%, 55.1% and 61.1% respectively, compared with the previous month, the market share of Chinese brand cars, SUVs and MPVs showed growth, of which Chinese brand MPV growth was more obvious; compared with the same period last year, the market share of Chinese brand cars and SUVs increased, and Chinese brand MPV still declined.
From January to March, a total of 2.547 million Chinese brand passenger cars were sold, up 21.0% year-on-year, accounting for 45.9% of total passenger car sales, and the share increased by 4.6 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 still showed a rapid decline, the decline in German was slightly lower, the Japanese and American brands increased slightly, and the French brands continued to maintain rapid growth.
From January to March, the market share of Chinese brand cars, SUVs and MPVs was 35.7%, 53.4% and 54.1% respectively, compared with the same period last year, the market share of Chinese brand cars and SUVs showed growth, and the decline in MPV was still obvious.
From January to March, the top 10 car manufacturers sold a total of 1.619 million units, accounting for 62.6% of the total sales of cars. Among the top ten car manufacturers in terms of sales, compared with the same period last year, BYD shares have the most significant sales growth rate, GUANGC Honda, SAIC Volkswagen, SAIC-GM-Wuling and Dongfeng Limited also showed double-digit rapid growth, GAC Toyota growth rate was slightly lower, and other companies showed declines.
From January to March, the top 10 SUV manufacturers sold a total of 1.536 million units, accounting for 57.6% of the total SUV sales. Among the top ten SUV manufacturers in terms of sales, compared with the same period last year, the sales growth rate of BYD shares and Tesla is still significant, SAIC Volkswagen is also growing rapidly, and other companies are declining to varying degrees.
From January to March, the top 10 MPV manufacturers sold a total of 173,000 units, accounting for 84.7% of the total MPV sales. Among the top ten MPV manufacturers in terms of sales, compared with the same period last year, sales of SAIC-GM, SAIC-GM-Wuling, Dongfeng Honda and Fujian Benz have declined, while other companies have shown different degrees of growth.
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