乘联分会·2025-03-11 08:39Core Viewpoint - The domestic narrow passenger car market in China experienced significant retail sales growth in February 2025, with a year-on-year increase of 25.6% despite a month-on-month decline of 26.4% [1][2]. Group 1: Market Performance - In February 2025, retail sales reached 1.382 million units, while cumulative sales for January and February totaled 3.176 million units, reflecting a slight year-on-year growth of 1.1% [1][2]. - The overall market sentiment is stable due to measures aimed at curbing excessive competition and boosting automotive consumption, alongside the implementation of new policies [2]. Group 2: Manufacturer Sales Rankings - In February 2025, BYD led the wholesale sales with 318,233 units, marking a 161.4% increase from February 2024, capturing a market share of 17.8% [3]. - Geely and Chery followed with wholesale sales of 204,910 units (up 83.9%) and 173,604 units (up 26.0%), respectively [3]. - For the cumulative sales in January and February 2025, BYD also topped the list with 614,679 units sold, a 90.4% increase year-on-year [5]. Group 3: Retail Sales Rankings - In February 2025, BYD again led in retail sales with 205,711 units, a 73.2% increase from the previous year, holding a market share of 14.6% [7]. - Geely's retail sales reached 179,990 units, reflecting a 106.8% increase, while FAW-Volkswagen sold 98,100 units, a 5.9% increase [7]. - For the first two months of 2025, Geely and BYD were the top two manufacturers in retail sales, with 419,934 and 405,953 units sold, respectively [9]. Group 4: New Energy Vehicle (NEV) Sales - In February 2025, BYD led the NEV market with 205,711 units sold, a 73.2% increase, capturing 29.2% of the market share [10]. - Geely's NEV sales surged by 197.5% to 93,309 units, while Chery's sales increased by 323.5% to 30,832 units [10][11]. - Tesla China experienced a decline in sales, with 26,777 units sold, down 11.2% from the previous year [11].