February 2012 Economic Operation of the Automotive Industry

According to the statistics from the China Association of Automobile Manufacturers, in February 2012, the monthly production and sales of automobiles saw a rapid growth from the previous month and the same period of last year. The monthly increase of commercial vehicles was significantly higher than that of passenger vehicles. From January to February, automobile production and sales declined slightly compared with the same period of last year. Since the Spring Festival is not in the same month as the previous year, the effective working day is different and the base number is different. Therefore, the accumulated data from January to February are more comparable. Specific analysis is as follows:

During the month of January, the production and sales volume of automobiles increased by two months month-on-month, and the production and sales of automobiles reached 1,608,700 units and 1,567,100 units, a month-on-month increase (23.8% and 12.8%) and a year-on-year increase (28.5% and 24.5%).

From January to February, the production and sales of automobiles reached 2,903,500 units and 2,953,300 units, respectively, down 4.9% year-on-year and 6.0% year-on-year, respectively. The auto industry's production and sales have shown signs of falling, showing negative growth that has not been seen for many years. In this regard, it should arouse the attention of all sectors of society.

2. During the month, the growth of production and sales of most models, passenger cars and commercial vehicles all decreased in February. From the perspective of each model, except for the decline in the sales of non-completed passenger vehicles, the rest of the models showed different degrees of growth; on the same year, only trucks were not complete vehicles. Production declines.

From January to February, the production and sales of passenger cars and commercial vehicles were all lower than the same period of last year, of which commercial vehicles fell by more than 10%, and sales of passenger cars decreased by nearly 5%.

From January to February, the growth rate of production and sales of SUVs in passenger vehicles exceeded 10%, MPV sales increased, and other production and sales decreased. Commercial vehicle sales declined in an all-round manner. Only passenger car production increased.

3.1.6 liters or less of passenger cars accounted for a year-on-year increase in car market share, which fell compared to the same period of the previous year. The sales volume of sedan cars with 1.6 liters or less was 569,900, an increase of 4.7% from the previous month and a year-on-year increase of 28.4%. Cars with 1.6 liters or less accounted for the total number of passenger cars. The proportion by volume was 70.9%, up by 0.6% from the previous month and by 1.3% from the same period of last year.

From January to February, sales of cars with 1.6 liters and below were 1,147,700, a year-on-year decrease of 6.9%; cars with sales of 1.6 liters and below accounted for 70.6% of the total volume of cars, which was 1.7 percentage points lower than the same period of last year.

4. Market share of self-owned brand passenger cars increased month-on-month, down 2% year-on-year, and self-owned brand passenger cars sold 525,800 units, an increase of 7.7% from the previous quarter and a year-on-year increase of 17.2%, accounting for 43.3% of total sales of passenger cars. It increased by 1.3 percentage points from the previous month and 3.4 percentage points from the same period of last year;

From January to February, sales of self-owned brand passenger cars were 1,104,200, a year-on-year decrease of 11.5%, a decrease of more than 7.2% over passenger vehicles, and accounted for 42.7% of the total sales of passenger cars. The occupancy rate decreased by 3.5 percentage points year-on-year.

In February, sales of self-owned brand sedan were 236,600, an increase of 8.8% from the previous quarter and a year-on-year increase of 20.6%, accounting for 28.5% of the total sales of cars. The market share increased by 1.3% from the previous month and by 2.4 percentage points from the same period of last year;

From January to February, the sales of self-owned brand cars were 452,900, a year-on-year decrease of 16.9%, a 12.2% increase over the total sales of cars, which accounted for 27.9% of the total sales of cars. The occupancy rate was down 4.2% year-on-year.

5. Steady growth in automobile exports According to the statistics of China Automobile Industry Corporation, the export statistics of automobile manufacturers in February showed that the export of auto companies was 61,200 units, an increase of 8.7% from the previous period and a year-on-year increase of 41.1%. From January to February, exports were 117,500 units, up from the same period last year. Increased by 23.5%. Automobile exports have maintained steady growth.