Top 10 Recaps of Passenger Vehicle Sales in February: FAW-Volkswagen Pushes the First Three SAIC Passenger Cars into Ninth

On March 8, the Federation of Travelers released the sales data of the auto market in February 2018. Consistent with expectations, due to the impact of the Lunar New Year holiday, only 17 working days in February, retail sales and wholesale sales, year-on-year, the chain fell. At the same time, after experiencing a "good start" in the auto market in January, the market competition intensified in February, and the ranking of the top ten car companies in the passenger car shows a big reshuffle.

February retail sales

First, in terms of retail sales, in February 2018, China's narrow-minded passenger vehicle retail sales reached 1,441,716, a slight drop of 0.5% year-on-year and 35.9% month-on-month. Taken together, cumulative retail sales in January-February 2018 increased by 4.6% year-on-year to 3,689,686 units, a significant improvement from the cumulative 2% drop in the same period of 2017.

The analysis of the CLUCC pointed out that retail sales started at the beginning of the spring were relatively sluggish, while retail sales declined slightly in February, mainly due to short production and sales time. As we all know, the seven days of the Lunar New Year holiday this year are concentrated in February, while the Spring Festival holiday in February lasted only 2 days. In addition, according to the research data of returning home, in 2017, the property market was booming, and during the Spring Festival, New Year's crowds returned to the city to buy houses in an apparent upsurge, which to a certain extent squeezed the mobility of buying cars.

February sales

Secondly, in terms of wholesale sales, due to low production and channel inventory, in February 2018, the sales volume of China's narrow passenger vehicles was 1,452,856 units, which was 8.7% lower than the same period of last year and 40% lower than the previous period. However, in the January-February 2018 period, cumulative wholesale sales of narrow passenger vehicles increased another 3% year-on-year to 3,872,972 vehicles. Analysis believes that in order to avoid last year's price war, this year's manufacturers will be relatively cautious.

February passenger car prices in the top ten ranking

Under the background of low sales, the competition in the auto market has become more intense. In the top ten car companies in February, the big shuffle has taken shape. In the top three, SAIC GM led SAIC Volkswagen with a slight advantage and won the passenger vehicle sales championship for the month; while January sales of FAW-Volkswagen fell out of the top three and ranked fourth in the list; January was ranked fifth The Wuling, who had been on the pass, rose in two places in February to win the probe. At the same time, Geely Auto, the autonomous leader, ranked fifth in the month, down one place from the fourth in January. The sixth to eighth seats are consistent with January and are still occupied by Changan Automobile, Dongfeng Nissan and Great Wall Motors. It is worth mentioning that SAIC Motor Passenger Vehicles, which ranked the 10th for the first time in January, went one more in February, ranking ninth among FAW Toyota. At this point, under the accumulation and precipitation of self-owned brands, in the top ten sales charts for passenger cars, four independent car companies have been on the list for two consecutive months.

The following is the ranking of the top ten car dealers in the narrow sales of narrow passenger vehicles in February:

First place: SAIC General Motors

February narrow car wholesale sales: 122,693 vehicles

2nd place: SAIC Volkswagen

February sales of narrow car: 121,832

3rd place: Shangtong Wuling

February narrow-sale passenger car sales volume: 119,043 vehicles

4th place: FAW-Volkswagen

February sales of narrow narrow car: 114,057 vehicles

No. 5: Geely Automobile

February sales of narrow narrow car: 110,243 vehicles

6th Place: Changan Automobile

February narrow car wholesale sales: 69,373 vehicles

7th place: Dongfeng Nissan

February sales of narrow narrow car: 65,444 vehicles

8th place: Great Wall Motor

February sales of narrow passenger car: 51,052 vehicles

9th: SAIC Passenger Vehicle

February sales of narrow passenger cars: 46,966 vehicles

No. 10: FAW Toyota

February narrow sales of passenger cars wholesale sales: 39,968 vehicles