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China Jan NEV Sales Fall to 944,000 While Exports Hit Record High, CAAM Data Show
In January, the sales of RBOB Gasoline Passenger Vehicles fell by more than 20% month-on-month: Japanese brands overall under pressure, with Honda and Dongfeng Honda both "cut in half."
① According to data released by the China Association of Automobile Manufacturers, the domestic sales of Passenger Vehicles in January were 1.738 million units, a month-on-month decrease of 35.5% and a year-on-year decrease of 0.5%; ② In January this year, GAC Honda's sales were 15,123 units, a year-on-year decline of 57.14%; Dongfeng Honda's monthly sales were 19,971 units, a year-on-year decline of 69.31%.
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China Automobile Dealers Association: In 2024, the production and sales of the Autos Industry will break records, but profits are impacted by price wars.
In 2024, the Auto distribution Industry in China is advancing in transformation.
Cui Dongshu: The car market in January is slightly weaker than the booming pace of previous years, and negative retail growth is in line with expectations.
On February 12, Cui Dongshu released an analysis of the running characteristics of the national Passenger Vehicle market for January 2025.
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