Passenger Car Sales Grew More than 40%

The new energy policy agitated the new energy passenger car market in early 2018. From January to February, the sales revenue of passenger car was 7.68 billion RMB, up 43.3% Y-O-Y; that in February was 2.69 billion RMB, up 22.9% Y-O-Y. Hereinto, the sales of new energy vehicle provided strong support, contributing around 24%.

From January to February, the sales volume of passenger car (>5m) was 18,914, up 15.8% Y-O-Y; that in February was 6,742, down 0.5%. Major reasons for the decrease were as follows. In February, the sales volume of bus and school bus dropped by 11.9% and 11.0% Y-O-Y respectively. While that of road car climbed by 9.6%, and the total volume rose by 13.4%. The road car took up 59.3% of the market shares.

Remarks: The data is for reference only. SCI bears no legal responsibility for the risks and losses incurred by using the above information.