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

China's auto market sales fell, a number of auto giants got off to a bad start, SAIC fell for two months in a row. According to the SAIC production and marketing report, SAIC sold 362945 vehicles in February, down 21.23% from a year earlier to 974000 vehicles from January to February, down nearly 17% from a year earlier.

Major SAIC sectors declined across the board, including SAIC Volkswagen, SAIC General Motors, SAIC passenger cars and SAIC GM Wuling Motors, with only Hongyan commercial vehicles achieving growth. The poor performance of the car market, affected by the general environment, and the early Chinese Lunar New year holiday this year, caused more working days in February to be affected by the off-season after the Lunar New year, and the decline in sales was more obvious.

SAIC-Volkswagen sales fell 10.35 per cent from January to February compared with the same period a year earlier to 301000 vehicles. As competitors speed up product upgrading, the competitiveness of SAIC-Volkswagen products has declined, and the investment in the field of new energy vehicles is also small. In addition to Lang Yi to maintain high sales, Passat, Tuguan L and other model sales also declined. In addition, Skoda brand is not as competitive in the market as before.

SAIC GM, which owns the Buick, Chevrolet and Cadillac brands, sold 278000 vehicles from January to February, down 14.7%. Apart from Cadillac growth, Buick and Chevrolet were weak. Weak sales reflect the sluggish overall market environment and are also related to GM's aggressive attitude towards popularizing three-cylinder engines.

SAIC GM Wuling Motors has suffered a big decline in the past year, falling by 27% from January to February this year. The three pillars of SAIC have declined one after another, resulting in a decline in group sales.

SAIC's own brands also fell, with Roewe and Mingjue selling nearly 100000 units in the first two months of this year, down 16.7 per cent from a year earlier.

The stall of SAIC, China's largest automobile group, precisely reflects the great changes in China's car market. According to the FIFA data, the national passenger car market sales in February were 1.1698 million, down 19.0% from the same period last year and 45.9% from the previous month. The cumulative sales from January to February this year were 3.333 million, down 9.8% from the same period last year.

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