Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home Email this story   Print this story
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.

Related Stories
  • New-car market contraction slows in March
  •     --Published:2019/16/4
  • China's sales slump: Not as scary as it seems
  •     --Published:2019/22/2
  • Kia venture's deliveries advance 48%
  •     --Published:2019/12/2
  • China's new light-vehicle sales fall 16% in December, 4.1% in 2018
  •     --Published:2019/15/1
  • GM's China ventures record 2.6% dip in 2018 sales
  •     --Published:2019/8/1
  • China vehicle sales to tally 28M in 2018, remain flat next year, CAAM predicts
  •     --Published:2018/18/12
  • Light-vehicle sales fall 16% in Nov. as market skid hits 5 months
  •     --Published:2018/14/12
  • China, dashing hopes for lower car taxes, tells industry to buckle up
  •     --Published:2018/16/11
  • Beijing's decision to maintain tax on auto sales is a bad move
  •     --Published:2018/16/11
  • Light-vehicle market on verge of rare annual dip after October sales slide
  •     --Published:2018/13/11
  • Light-vehicle market may contract in 2018, China official warns
  •     --Published:2018/9/11
  • Auto sales post biggest drop in 7 years as growth engine stalls
  •     --Published:2018/12/10
  • New light-vehicle sales decline for 2nd straight month
  •     --Published:2018/14/9

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     


    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.