AutoBeta(AutoBeta.net)03/13 Report--

As February is the critical period for epidemic prevention and control, the automobile industry is almost at a standstill in February. Although some automobile companies and dealers have resumed work one after another in the second half of the month, due to the long automobile industry chain, in fact, the resumption rate of the automobile industry is not high, resulting in sales falling back to the 2005 level in February. In addition, the inventory early warning index of car dealers hit another record high in February, rising 27.7% to 81.2% from a year earlier, putting great pressure on many dealers.

According to the latest production and sales figures released by the China Association of Automobile Manufacturers, automobile production and sales fell sharply in February compared with the same period last year. Automobile production and sales completed 285000 and 310000 respectively, down 79.8 per cent and 79.1 per cent respectively from January to February, down 45.8 per cent and 42 per cent respectively.

Although China's car sales fell by 79.1% compared with the same period last year, the share of Chinese-brand passenger cars has increased. Sales of Chinese brand passenger cars in February were 118000, down 77.6 per cent from a year earlier, while market share rose 9.7 per cent to 52.6 per cent from a year earlier. Of course, due to the excessive market interference in February, the change in market share in February is of little significance, depending on the performance of Chinese brand passenger cars after the market returns to normal.

According to the ranking of the top 15 Chinese car companies with sales from January to February released by the China Automobile Association, only one car company in FAW Group has achieved year-on-year growth in sales, while other car companies have declined to varying degrees.

According to the published rankings, the top three car companies in terms of sales volume are SAIC, Geely Automobile and Changan Automobile. The sales of these three car companies have all achieved double-digit year-on-year declines compared with last year. Among them, SAIC sold 178000 vehicles from January to February, down 54.1% from the same period last year. Geely Motor sold 133000 vehicles from January to February, down 45.1% from the same period last year. Changan Automobile sold 124000 vehicles from January to February, down 39.3% from the same period last year.

The 4th to 10th largest Chinese car companies by sales are FAW, Dongfeng Motor, Great Wall Motor, BAIC, Chery Automobile, Jianghuai Automobile and GAC GROUP. Among the six auto companies, only FAW Group achieved year-on-year growth.

FAW sold 108000 vehicles from January to February, up 15.8 per cent from a year earlier. In the context of a sharp decline in sales of a number of car companies compared with the same period last year, FAW Group achieved a particularly dazzling growth rate of 15.8%, mainly due to the FAW Red Flag brand. According to the sales data disclosed by FAW Group, Hongqi brand sold 16382 vehicles from January to February, an increase of 102.8% over the same period last year, of which February sales were 3752, up 32.5% from the same period last year.

Other car companies all declined year-on-year, with Great Wall Motor falling the most, with cumulative sales of 90000 vehicles from January to February, down 50.1 per cent from a year earlier. Sales of its best-selling model, the Harvard H6, totaled 31485 in the first two months, down 55.51 per cent from a year earlier, while GAC GROUP had the smallest decline, with cumulative sales of 41000 from January to February, down 24.6 per cent from a year earlier. GAC MOTOR's cumulative sales from January to February were 41366, down 23.72% from a year earlier.

In addition, Dongfeng Motor's cumulative sales from January to February were 106000, down 35.7% from the same period last year; BAIC's cumulative sales from January to February were 69000, down 39.25% from the same period last year; Chery's cumulative sales from January to February were 68000, down 28.7% from the same period last year; Jianghuai Automobile's cumulative sales from January to February were 49000, down 42.0% from the same period last year.

The 11th to 15th Chinese car companies in terms of sales are Sinotruk, BYD Automobile, brilliance Automobile, Shaanxi Automobile Group and Chengdu Universiade. Among them, Sinotruk accumulated sales of 34000 vehicles from January to February, down 31.4% from the same period last year; Shaanxi Automobile Group sold 14000 vehicles from January to February, down 52.3% from the same period last year; and Chengdu Universiade sold 6000 vehicles from January to February, down 43.1% from the same period last year.

It is obviously a surprise that BYD, the domestic leader of new energy vehicles, fell out of the top 10, with cumulative sales of only 31000 vehicles from January to February, down 55.5 per cent from a year earlier. According to sales data disclosed by BYD, its sales of new energy vehicles from January to February were only 9936, down 76.95 per cent from a year earlier, while the cumulative sales of fuel vehicles from January to February were only 20738, down 25.01 per cent from a year earlier.

Brilliance, as a Chinese brand, owns three brands: China, Golden Cup and Huasong. If you lose the halo of BMW, few people will remember this car company. Its cumulative sales from January to February this year were only 19000, down 49.9% from a year earlier.

Under the double attack of the epidemic and funds, the major car companies have experienced a "life-and-death robbery". Major car companies in February to achieve a year-on-year decline in sales has become a foregone conclusion, of course, in the case of a number of car companies' sales decline, FAW Group to achieve year-on-year growth is worthy of recognition. In the context of the market in February, no car company can be left alone, so there is no need to worry too much about the sharp decline in sales in February, the focus still depends on the specific performance of the major car companies after the market recovery.

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