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Light-vehicle sales slump 18% in January
Automotive News China | 2019/2/19

Chinas new light-vehicle deliveries dropped in January for the seventh straight month. Volume fell 18 percent to 2.02 million cars and light trucks in the steepest monthly decline since July 2018.
 
Economic growth continues to cool in China and light-vehicle demand has dipped considerable in smaller cities across the country. And showroom traffic dropped even as automakers and dealers padded discounts ahead of the Chinese New Year holiday.
 
The sales slump was felt across every major segment last month, the China Association of Automobile Manufacturers reported.
 
Multipurpose vehicle demand plunged 27 percent to around 129,600 while minibus deliveries tumbled 26 percent to some 26,400.
 
Sales of crossovers and SUVs fell 19 percent to roughly 878,900. Sedan deliveries dropped 15 percent to about 986,200.
 
Deliveries of new commercial vehicles including trucks and buses also dipped 2.2 percent to approximately 346,000.

As a result, total new-vehicle sales in China approached 2.37 million last month, a drop of 16 percent from a year earlier.
 
EV sales
With Beijing enacting a quota system as part of a carbon credit program at the start of the year, and automakers hiking electrified vehicle output, sales of EVs and plug-in hybrids surged in January.
 
Automakers delivered some 96,000 EVs and plug-in hybrids last month, a jump of 138 percent from January 2018. Demand for EVs jumped roughly 180 percent to 75,000 while plug-in hybrid deliveries rose 55 percent to 21,000 plug-in hybrids.
 
In 2018, total new-vehicle sales in China fell for the first time since 1990, dipping 2.8 percent to 28.1 million.
 
During the year, new light-vehicle sales decreased 4.1 percent to 23.7 million while new commercial-vehicle deliveries rose 5.1 percent to approach 4.4 million.


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