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 >> Automaker Email this story   Print this story
 
Light-vehicle sales drop for 8th straight month amid slowing economy
Automotive News China | 2019/3/12

Chinas new light-vehicle sales contracted in February for the eighth consecutive month, falling 17 percent to fewer than 1.22 million cars and light trucks, amid slower economic growth.

Domestic economic growth may slow to between 6 and 6.5 percent in 2019 from 6.6 percent in 2018, Chinese Premier Li Keqiang predicted at a national meeting held in Beijing last week. 
 
The decline in the light-vehicle market was broad and felt across every major segment last month, the China Association of Automobile Manufacturers reported.
 
Multipurpose vehicle sales plunged 27 percent to roughly 88,400 while deliveries of crossovers and SUVs fell 19 percent to some 530,200.

Minibus volume slumped 17 percent to some 21,400 while sedan deliveries dropped 14 percent to about 579,500.
 
But sales of new commercial vehicles including trucks and buses rose 8 percent to about 262,000.

As a result, total new-vehicle sales in China declined 14 percent to 1.48 million in February.

In the first two months, new-vehicle deliveries across China totaled 3.85 million, 15 percent lower than the same period last year.

CAAM said combined new light-vehicle sales fell 18 percent from a year earlier to about 3.24 million in January and February while new commercial-vehicle deliveries edged up 2 percent to approximately 608,000.

EV sales
Prodded by the carbon credit program Beijing enacted at the start of the year, automakers continued to ramp up electrified vehicle output in February. As a result, sales of EVs and plug-in hybrids keep surging.
 
Automakers delivered some 53,000 EVs and plug-in hybrids last month, a jump of 54 percent from a year earlier. Demand for EVs advanced 69 percent to around 40,000 while plug-in hybrid sales rose 19 percent to about 13,000.
 
In the first two months, total sales of EVs and plug-in hybrids nearly doubled to 148,000, with EV sales soaring 128 percent to some 114,000 while plug-in hybrid deliveries increased 38 percent to roughly 34,000.

Related Stories
  • Light-vehicle sales fall 16% in Nov. as market skid hits 5 months
  •     --Published:2018/14/12
     
  • New light-vehicle sales decline for 2nd straight month
  •     --Published:2018/14/9
     
  • Light-vehicle sales drop in July behind weak crossover, SUV volume
  •     --Published:2018/14/8
     
  • Light-vehicle sales rise 3.5% in March on demand for crossovers, SUVs
  •     --Published:2018/13/4
     
  • Light-vehicle sales fall as New Year holiday dents demand
  •     --Published:2018/13/3
     
  • CAAM vice chairman died by suicide, reports say
  •     --Published:2018/23/2
     
  • Light-vehicle sales rise 11% in Jan. behind crossover, SUV demand
  •     --Published:2018/13/2
     
  • China sales slip in Nov. on weaker car, MPV demand
  •     --Published:2017/12/12
     
  • Light-vehicle sales rise in September on crossover, SUV demand
  •     --Published:2017/13/10
     
  • Light-vehicle sales advance in August behind crossovers, SUVs
  •     --Published:2017/12/9
     
  • Vehicle sales rise 4.3% on crossover demand
  •     --Published:2017/15/8
     
  • Light-vehicle sales dip 2.6% in May
  •     --Published:2017/13/6
     
  • Light-vehicle sales drop 3.7% on weak April demand for small cars
  •     --Published:2017/12/5
       
     
     

    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.
    ICP06057291