In February 2013, the Chinese automobile market experienced a slight decline due to the influence of the Spring Festival holiday. According to data released by the Ministry of Industry and Information Technology, car sales dropped by 13.56% year-on-year in February, but the combined January-February sales saw an increase of over 14%. This fluctuation reflects the seasonal impact on consumer behavior during the holiday period.
The production and sales figures for February stood at 1,437,200 units and 1,354,600 units respectively, representing a significant drop of 31.42% and 33.42% compared to the previous month. However, when looking at the cumulative performance from January to February, the total production and sales reached 3,311,700 and 3,389,100 units, showing growth of 14.06% and 14.72% respectively.
Passenger car sales in February fell by 8.34% year-on-year, with production declining by 12.40%. Among passenger cars, sedan sales decreased by 9.43%, while MPV sales increased by 84.7%, and SUV sales rose by 13.6%. Cross-type passenger cars, however, saw a sharp decline of 23.7%.
From January to February, passenger car sales totaled 2,837,400 units, up 19.53% year-on-year. MPVs had the highest growth rate at 145.8%, followed by SUVs at 50.2%, while cross-type vehicles declined by 23.7%.
Sales of 1.6-liter and below passenger cars accounted for 70.71% of the market in February, up 2.22 percentage points from the previous year, despite a 5.36% year-on-year decline. Over the first two months of the year, these vehicles saw a 23.1% increase in sales, maintaining their strong market presence.
Self-owned brand passenger car sales dropped by 9.1% in February, yet they still held 43% of the market share. From January to February, self-owned brand sales rose by 20.8%, outperforming the overall market growth.
Commercial vehicle sales also declined in February, falling by 31.4% year-on-year. Production was down 30.3%, and sales dropped 31.4% compared to the same period last year. For the first two months of the year, commercial vehicle production and sales were down by 0.5% and 5.0% respectively.
In terms of exports, the automobile sector showed positive growth, with export value reaching $6.447 billion in January 2013, up 11.9% year-on-year. On the other hand, imports fell, with 70,400 units imported, a decrease of 15.0% year-on-year, and import value dropping by 2.4% to $5.362 billion.
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