产业运行 | 2026年2月汽车工业产销情况简析

Core Viewpoint - The automotive industry in China is experiencing a decline in production and sales due to multiple factors including policy adjustments, pre-released demand, the timing of the Spring Festival holiday, insufficient consumer willingness, and a high base from the previous year. The passenger car market and new energy vehicles (NEVs) are both seeing year-on-year declines, while the commercial vehicle market remains strong and exports are growing rapidly [1]. Group 1: Overall Automotive Production and Sales - In February 2026, automotive production and sales reached 1.672 million and 1.805 million units respectively, with month-on-month declines of 31.7% and 23.1%, and year-on-year declines of 20.5% and 15.2% [3]. - From January to February 2026, automotive production and sales totaled 4.122 million and 4.152 million units, reflecting year-on-year declines of 9.5% and 8.8% [5]. Group 2: Passenger Vehicle Market - In February 2026, passenger vehicle production and sales were 1.4 million and 1.536 million units respectively, with month-on-month declines of 32.1% and 22.7%, and year-on-year declines of 21.6% and 15.4% [4]. - From January to February 2026, passenger vehicle production and sales amounted to 3.462 million and 3.524 million units, showing year-on-year declines of 12% and 10.7% [6]. Group 3: New Energy Vehicles (NEVs) - In February 2026, NEV production and sales were 694,000 and 765,000 units respectively, with year-on-year declines of 21.8% and 14.2% [7]. - From January to February 2026, NEV production and sales totaled 1.735 million and 1.71 million units, reflecting year-on-year declines of 8.8% and 6.9% [8]. Group 4: Commercial Vehicle Market - In February 2026, commercial vehicle production and sales reached 273,000 and 269,000 units respectively, with month-on-month declines of 29.7% and 24.9%, and year-on-year declines of 14.1% and 14% [9]. - From January to February 2026, commercial vehicle production and sales were 660,000 and 627,000 units, indicating year-on-year growth of 7% and 3.9% [10]. Group 5: Domestic Sales and Exports - In January to February 2026, domestic automotive sales totaled 2.799 million units, reflecting a year-on-year decline of 23.1% [11]. - In February 2026, automotive exports reached 672,000 units, with a month-on-month decline of 1.4% but a year-on-year increase of 52.4% [12]. - From January to February 2026, automotive exports totaled 1.352 million units, showing a year-on-year growth of 48.4% [13]. - In February 2026, domestic automotive sales were 1.133 million units, with both month-on-month and year-on-year declines of 32% and 32.9% respectively [14].