In January, the national auto sales of 531,100 units increased by 44.62% year-on-year
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In January, the national automobile production and sales experienced a slight decline compared to the previous month. While sales dropped slightly more than production, both remained relatively stable, with production and sales reaching 101.63% of the previous month's levels. This indicates that the overall market remained resilient despite the monthly decrease.
According to official statistics, total vehicle production in January stood at 521,600 units, while sales reached 530,100 units. Compared to December, this marked a 7.15% drop in production and a 14.60% decline in sales. However, when looking at year-on-year performance, both figures showed strong growth—up 28.24% for production and 44.62% for sales. This suggests that the automotive sector is recovering well from last year’s challenges.
The top five automakers in terms of sales during the month were SAIC, FAW, Changan, Dongfeng, and Beijing Automotive. They sold 103,500, 78,000, 68,800, 67,700, and 4,200 units respectively. Among these, only Changan saw an increase compared to the previous month, while the others experienced varying degrees of decline. FAW and BAIC faced the most significant drops. However, when compared to the same period last year, all companies except BAIC showed substantial growth, with SAIC leading the way in terms of the highest increase.
Combined, the five major automakers accounted for 67.91% of the country's total vehicle sales in January, highlighting their dominant position in the market. Overall, the auto industry remains on a positive trajectory, with strong year-on-year growth offsetting the monthly declines.