Due to the Spring Festival holiday, in February of this year, domestic car sales declined year-on-year. However, adding the first two months the automobile production and sales double-digit growth year-on-year.
Statistics showed that domestic vehicle production in February were 1,347,200, a decline of 31.42%, a year-on-year decline of 16.25%; sales (wholesale) were 1,354,600, a decrease of 33.42%, and declined 13.56% year-on-year.
Since last year's Spring Festival in January, while this year in February, the Chinese New Year holiday factors last year mainly reflected in January, and this year reflected in February. In January of this year, domestic car sales exceeded the 2 million, reaching a new high record in history.
According to the Automobile Association statistics, the domestic automobile production and sales were 3311700 vehicles and 3389100 in this year 1-2 month, year-on-year growth of 14.06% and 14.72%. Passenger car sales were 2,726,200 and 2,837,400, an increase of 17.76% and 19.53%; commercial vehicle production and sales were 585,500 and 551,700, down 0.51% and 4.97%, the decline slowed down compared to the same period last year.