On March 9th, the Passenger Car Market Information Joint Conference released data showing that in February 2021, the passenger car market retail sales reached 1.177 million units, a year-on-year increase of 371.9% in February 2020, which was most affected by the epidemic, and a year-on-year increase of 371.9% in February 2019. An increase of 0.3%.

Retail sales in February fell 45.5% from January, which was basically the same as the average month-on-month growth rate over the years. Due to the late Spring Festival this year and the popularity of new energy vehicles, the auto market in February has a good foundation for growth, and the demand for traditional vehicles is not very popular.

The total retail sales in January-February this year reached 3.338 million, a year-on-year increase of 69.6%, achieving a record high growth rate over the same period since the Federation of Travelling Associations launched retail statistics in 2005. This is mainly due to the low base effect of the cumulative retail sales decline of 41.0% in the national passenger car market from January to February 2020. The current consumption characteristics of the annual car market is still that the small and medium-sized cities and the county and township markets before the Spring Festival are the main sources of increase in car purchases. Although the wave of car purchases before the holiday from January to February this year is not strong, the exhibition hall traffic is relatively good during the festival. The market is picking up faster than in previous years. Because the post-holiday pick-up is not yet prominent in retail sales, the overall auto market in February was characterized by tepidity. Retail sales in January-February this year were basically the same relative to the same period in 2019, and their performance was weaker than the trend in the second half of 2020, mainly due to the downturn in the county and township markets caused by the lack of return to the hometown during the Spring Festival.

Luxury car retail sales in February increased by 485% year-on-year and decreased by 45% from January, but compared to February 2019, it increased by 36%. It continues to maintain strong growth characteristics, and the demand for high-end redemption reflecting consumption upgrades is still strong.

 In February, self-owned brand retail increased by 376% year-on-year, down 45% from January, and down 6% from February 2019. The market share of self-owned brands in the wholesale market was 42.3%, a decrease of 9.1% over the same period; however, the share of domestic retail sales was 38.8%, a slight increase of 0.1% year-on-year. Some state-owned companies have super-strong autonomous performance.

In February, retail sales of mainstream joint venture brands increased by 345% year-on-year, decreased by 46% from January, and decreased by 2% from February 2019. Among them, the retail share of the US market reached 9.8%, an increase of 1.6 percentage points year-on-year, showing a super strong performance. Japanese brands reached 21.8%, an increase of 2.9 percentage points year-on-year, which was 3 percentage points lower than that of German brands.

Article information source-cable network


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