China Auto
China Feb auto sales breakdown: Sedans 45.28%, SUVs 49.93%, MPVs 4.79%
Retail sales of sedans in February were 499,699 units, SUVs 550,984 units and MPVs 52,811 units.
Local brands' share of China auto market at 55.4% in Feb
German brands came in second with a 21.26 percent share in February, while Japanese brands came in third with a 14.37 percent share.
China auto dealer inventory factor at 1.74 in Feb, above alert line
China automobile dealers' inventory factor stood at 1.74 in February, the first time since November 2023 that it was back above the 1.50 alert line.
China Feb NEV production data by CPCA: 426,000
China's February passenger NEV production was 426,000 units, a decrease of 17.76 percent year-on-year and down 42.28 percent from January.
China Feb NEV retail data by CPCA: 388,000
BEVs sold 221,000 units at retail in February, accounting for 57 percent of all NEV retail sales.
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.
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.
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.
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.
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.