China Auto
China vehicle inventory alert index rises to 64.1% in Feb
That was up 6 percentage points year-on-year and up 4.2 percentage points from January, implying that the automotive industry's inventory situation deteriorated from January.
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China Jan NEV production data by CPCA: 734,000
China's January passenger NEV production was 734,000 units, up 83.50 percent year-on-year but down 33.33 percent from December.
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China Jan NEV retail data by CPCA: 668,000
BEVs accounted for 56.3 percent of all NEV retail sales in January with 376,000 units sold.
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China vehicle inventory alert index rises to 59.9% in Jan
China's Vehicle Inventory Alert (VIA) Index stood at 59.9 percent in January, implying that auto sales are in contractionary territory and performing worse than in December.
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China auto inventory down 2.81% in Dec from Nov
The CPCA expects the inventory level to support retail sales for the next 67 days, up from 63 days at the end of November.
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Local brands' share of China auto market at 52.73% in Dec
Local brands' share in December was lower than the 55.29 percent recorded in November and higher than the 48.79 percent recorded in the same month last year.
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China Dec auto sales breakdown: Sedans 46.61%, SUVs 49.16%, MPVs 4.23%
Retail sales in December were 1,101,944 units for sedans, 1,162,284 units for SUVs and 99,973 units for MPVs.
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China Dec auto sales breakdown: Premium models contribute 14.3%
That's up from 12.86 percent in November and 12.06 percent a year earlier.
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China auto dealer inventory factor at 1.20 in Dec, below alert line
China automobile dealers' inventory factor stood at 1.20 in December, continuing to lie below the alert line of 1.50.
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China Dec NEV production data by CPCA: 1,095,000
In 2023, the production of passenger NEVs in China was 8,903,000 units, a year-on-year increase of 34.06 percent.
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