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PV Sales in China Drops by 22% YoY in January

Auto News - Published on Mon, 17 Feb 2020

Image Source: The Star
China Passenger Car Association announced that Chinese automakers in China sold a total of 1,606,668 locally-produced PVs, cars, MPVs, SUVs and minibuses, a YoY decrease of 21.6% and a MoM drop of 27.3%. Clearly, the Spring Festival holiday and the outbreak of the new coronavirus infection should be blamed for the PV sales downturn as well.

MonthCarMPVSUVMinibusTotal
Jan'20742,24080,167767,12317,1381,606,668
Dec'191,015,400147,5541,003,62943,0672,209,650
Jan'191,001,965127,690893,07625,6842,048,415
MoM-26.9%-45.7%-23.6%-60.2%-27.3%
YoY-25.9%-37.2%-14.1%-33.3%-21.6%
 


Amid the overall downturn, there were few automakers achieving growth, according to the CPCA. FAW-Volkswagen was honored the champion by Jan. PV wholesale volume, followed by SAIC-GM and SAIC Volkswagen. Notably, SAIC-GM moved up to the runner-up place from the sixth in December 2019. The other two automakers that sold over 100,000 PVs were Geely Auto and Dongfeng Nissan. Two joint ventures of Toyota and Dongfeng Honda were ranked from sixth to eighth. All of them were not on the top 10 list for the previous month. In addition, Great Wall Motor and Changan Automobile had their rankings unchanged.

Source :

Posted By : Nishith Sharma on Mon, 17 Feb 2020
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