1月车市销量同比下降3.2% 新能源汽车仅增长0.1%

Industry Overview - In January 2026, China's automotive sales reached 2.346 million units, a month-on-month decline of 28.3% and a year-on-year decrease of 3.2% [2] - Passenger car sales totaled 1.988 million units, with a month-on-month drop of 30.2% and a year-on-year decline of 6.8% [2] - New energy vehicle (NEV) sales were 945,000 units, showing a slight year-on-year growth of 0.1%, but the growth rate has significantly slowed compared to previous years [2] New Energy Vehicles - NEVs accounted for only 40.3% of total new car sales in January [2] - Among NEV categories, production and sales of three types showed varying degrees of decline compared to the previous month, while pure electric vehicles experienced slight growth [2] - The decline in NEV sales is attributed to changes in tax policies, with the exemption being reduced to half starting January 1, 2026, increasing purchase costs [2] Commercial Vehicles - The commercial vehicle market performed well, with production and sales reaching 388,000 and 359,000 units respectively, marking year-on-year increases of 29.9% and 23.5% [3] - Truck production and sales saw rapid growth across all categories, while bus production slightly increased and sales slightly decreased [3] Exports - In January, vehicle exports continued to show strong growth, totaling 681,000 units, a year-on-year increase of 44.9% [3] - NEV exports were particularly notable, with 302,000 units exported, representing a year-on-year growth of 100% [3] Market Share and Brand Performance - Chinese brand passenger car sales fell to 1.329 million units, a year-on-year decrease of 8.9%, resulting in a market share of 66.9%, down 1.5 percentage points from the previous year [3] - Among major foreign brands, five key brands experienced double-digit declines compared to the previous month, while American brands saw double-digit growth year-on-year [3] Company Performance - The top ten automotive companies sold 1.962 million units in January, accounting for 83.6% of total automotive sales [4] - Companies such as SAIC Motor, Geely, Dongfeng, GAC Group, and Great Wall Motors reported varying degrees of sales growth compared to the previous year [4] Future Outlook - The China Automotive Industry Association anticipates a stabilization in market demand due to a series of government policies aimed at supporting consumer and business needs [4] - Policies related to vehicle scrappage and trade-in programs are expected to be implemented smoothly, further stimulating market activity [4]