February 22, 2024

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The Ultimate Driving Machines

China sales rise 4% in February

Product sales of passenger automobiles in China rose by above 4% to 1.25 million models in February 2022 from 1.18 million units a 12 months earlier, in accordance to retail info unveiled by the China Passenger Car or truck Affiliation (CPCA).

February had been a especially weak month for Chinese auto income in the previous two a long time because of to the Lunar New 12 months vacations. As opposed with 2.09 million units in January, income have been down by about 40%.

Sales of new strength vehicles (NEVs), comprising largely electric powered and hybrid vehicles, jumped by in excess of 180% to 272,000 models previous thirty day period to account for virtually 22% of overall passenger car or truck gross sales.

The affiliation claimed gross sales of Chinese brand motor vehicles amounted to 540,000 units previous thirty day period, to accounted for 44% of the overall, with GAC reporting a 36% surge to 143,000 units.

Domestic manufacturers of new electrical power vehicles also relished solid gains.

Over-all passenger car gross sales in the initially two months of the 12 months ended up down just slightly at 3.32 million models from 3.36 million a year before.