China - Automotive Sales volume, 2024

Flash report, March 2024

Apr 10, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

China’s March vehicle production, sales volumes increase 4% y/y, 9.9% y/y, respectively
On April 10, the China Association of Automobile Manufacturers (CAAM) announced China’s vehicle production and sales results for March 2024.
In March, a large number of new models were launched, and offline activities such as auto shows were successively held. Some regions introduced promotion policies such as trade-in policies to boost auto sales, both month-over-month (m/m) and year-over-year (y/y).
In Q1, China’s auto industry got off to a flying start, with production and sales volumes growing rapidly. Specifically, passenger vehicle (PV) and commercial vehicle (CV) market performance remained good; the New Energy Vehicle (NEV) market maintained rapid growth and occupied a stable share of 30%; vehicle export volume stayed high; and Chinese brands continued to see an upward momentum and have a large market share.
According to the CAAM, at present, exports are an important growth driver, while insufficient domestic demand remains a prominent problem that needs to be addressed in 2024. It is hoped that the Chinese government will continue to offer the auto industry a favorable policy environment by promoting a new round of large-scale equipment renewal and the early refinement and implementation of policies and measures such as consumer goods trade-in to further arouse potential for auto consumption and stabilize the industry’s expectations.
In March, vehicle production and sales volumes totaled 2.687 million units and 2.694 million units, up 4% y/y and 9.9% y/y, respectively. Year-to-date (YTD) production and sales volumes were 6.606 million units and 6.72 million units, up 6.4% y/y and 10.6% y/y, respectively.
For PVs, production and sales volumes in March totaled 2.25 million units and 2.236 million units, up 4.7% y/y and 10.9% y/y, respectively. YTD production and sales volumes totaled 5.609 million units and 5.687 million units, up 6.6% y/y and 10.7% y/y, respectively.
For CVs, production and sales volumes in March totaled 437,000 units and 458,000 units, up 0.7% y/y and 5.6% y/y, respectively. YTD production and sales volumes were 997,000 units and 1.033 million units, up 5.1% y/y and 10.1% y/y, respectively.
For NEVs, production and sales volumes in March totaled 863,000 units and 883,000 units, up 28.1% y/y and 35.3% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 546,000 units and 566,000 units, up 7.0% y/y and 15.5% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes both totaled 317,000 units, up 94.6% y/y and 95.1% y/y, respectively; and FCV (fuel cell vehicle) production and sales volumes totaled 300 units and 200 units, down 33.2% y/y and 52.2% y/y, respectively.
YTD NEV production and sales volumes totaled 2.115 million units and 2.09 million units, up 28.2% y/y and 31.8% y/y, respectively. Specifically, BEV production and sales volumes totaled 1.317 million units and 1.305 million units, up 9.9% y/y and 13.3% y/y, respectively; PHV production and sales volumes totaled 797,000 units and 784,000 units, up 76.6% y/y and 81.2% y/y, respectively; and FCV production and sales volumes both totaled 1,000 units, up 33.4% y/y and 14.7% y/y, respectively.
In March, vehicle exports totaled 502,000 units, up 37.9% y/y. Specifically, PV exports totaled 424,000 units, up 39.3% y/y; CV exports totaled 78,000 units, up 31% y/y; and NEV exports totaled 124,000 units, up 59.4% y/y. YTD vehicle exports totaled 1.324 million units, up 33.2% y/y. Specifically, PV exports totaled 1.11 million units, up 34.3% y/y; CV exports totaled 214,000 units, up 27.5% y/y; and NEV exports totaled 307,000 units, up 23.8% y/y.

New vehicle sales by type (Factory shipments)

	Mar. 2024			Jan.-Mar. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	97.5	36.2	6.8	242.4	36.1	5.9
MPV	9.7	3.6	7.8	20.7	3.1	-3.9
SUV	114.6	42.5	15.4	301.8	44.9	17.2
Mini Van	1.8	0.7	-14.3	3.8	0.6	-35.8
Passenger Cars Total	223.6	83.0	10.9	568.7	84.6	10.7
Commercial Vehicles Total	45.8	17.0	5.6	103.3	15.4	10.1
Grand Total	269.4	100.0	9.9	672.0	100.0	10.6

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	Mar. 2024			Jan.-Mar. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	132.90	59.4	25.0	339.81	59.8	24.9
Japanese brands	28.80	12.9	-13.4	73.62	13.0	-9.7
German brands	38.37	17.2	-0.5	99.50	17.5	1.1
American brands	18.45	8.3	3.3	42.57	7.5	-12.3
Korean brands	4.05	1.8	10.7	9.94	1.7	13.9
French brands	0.72	0.3	-54.8	1.97	0.3	-38.3

Source : MarkLines Data Center

China - Production of vehicles

	Mar. 2024			Jan.-Mar. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	97.8	36.4	2.6	238.3	36.1	1.0
MPV	9.6	3.6	2.1	21.6	3.3	-0.5
SUV	115.8	43.1	7.1	297.2	45.0	13.7
Mini Van	1.8	0.7	-14.3	3.8	0.6	-47.1
Passenger Cars Total	225.0	83.7	4.7	560.9	84.9	6.6
Commercial Vehicles Total	43.7	16.3	0.7	99.7	15.1	5.1
Grand Total	268.7	100.0	4.0	660.6	100.0	6.4

Source:Created by MarkLines based on press release

Sales of NEV

	Mar. 2024			Jan.-Mar. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	56.6	64.1	15.5	130.5	62.4	13.3
PHV	31.7	35.9	95.1	78.4	37.5	81.2
FCV	0.02	0.02	-52.2	0.1	0.05	14.7
Total	88.3	100.0	35.3	209.0	100.0	31.8

Source:CAAM, Each maker's press releases

Production of NEV

	Mar. 2024			Jan.-Mar. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	54.6	63.3	7.0	131.7	62.3	9.9
PHV	31.7	36.7	94.6	79.7	37.7	76.6
FCV	0.03	0.03	-33.2	0.1	0.05	33.4
Total	86.3	100.0	28.1	211.5	100.0	28.2

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Mar. 2024	Mar. 2023	Y-o-Y	Jan.- Mar. 2024	Jan.- Mar. 2023	Y-o-Y
1	Tesla	Model Y	57,586	61,667	-6.6%	135,707	153,982	-11.9%
2	BYD Auto	Song PLUS	41,569	32,510	27.9%	90,450	106,212	-14.8%
3	BYD Auto	Qin PLUS	40,038	39,100	2.4%	76,767	78,124	-1.7%
4	BYD Auto	Seagull	34,830	-	-%	84,769	-	-%
5	Tesla	Model 3	31,478	27,202	15.7%	85,169	75,340	13.0%
6	BYD Auto	Song Pro	30,309	8,000	278.9%	58,815	36,563	60.9%
7	BYD Auto	Chaser 05	28,964	3,911	640.6%	39,524	13,847	185.4%
8	VW	Sagitar	25,653	18,571	38.1%	67,268	61,776	8.9%
9	Changan/Chana	CS75	24,878	20,685	20.3%	65,915	52,934	24.5%
10	Chery	Tiggo 7	22,588	18,734	20.6%	63,147	50,909	24.0%

Source: MarkLines Data Center


*The below data may differ from the sales volume by make (shipped from the local plant) to be released later on our data for monthly sales volume.
This is due to the difference in calculation methods.

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Mar. 2024 (10,000)	Y-o-Y
1	BYD Auto	26.0	35.4%
2	FAW-VW	14.1	-4.2%
3	Geely Automobile	11.4	28.9%
4	Changan Automobile	10.5	10.9%
5	SAIC VW	8.7	3.9%
6	Chery Automobile	7.5	62.6%
7	SAIC-GM-Wuling	6.8	3.1%
8	Tesla	6.2	-18.6%
9	Beijing Benz Automotive	6.1	22.2%
10	FAW Toyota	5.8	-7.2%

Source: CPCA

Three Japanese OEMs release Chinese sales figures for March 2024, with only Nissan seeing growth y/y
Three Japanese OEMs recently announced their sales results in China for March 2024.
Toyota sold 132,200 units in March, down 3.1% year-over-year (y/y). Year-to-date (YTD) sales volumes totaled 374,200 units, down 1.5% y/y.
On April 3, Honda announced that its March sales volume was 60,449 units, down 26.3% y/y. YTD sales volumes totaled 206,907 units, down 6.1% y/y. Specifically, GAC Honda and Dongfeng Honda sold 108,361 units and 98,546 units, respectively.
On April 8, Nissan announced that its March sales volume was 59,914 units, up 10.0% y/y. YTD sales volumes totaled 167,291 units, up 3.3% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	Mar. 2024	Y-o-Y	Jan.-Mar. 2024	Y-o-Y	Note	Update
Toyota	132,200	-3.1%	374,200	-1.5%	Retail Sales, Including import vehicle sales	Apr. 9. 2024
Nissan	59,914	10.0%	167,291	3.3%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Apr. 9. 2024
Honda	60,449	-26.3%	206,907	-6.1%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Apr. 9. 2024
Mazda	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Mitsubishi	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Subaru	TBA	-%	TBA	-%	Retail Sales

Source: Releases by each company

Flash report, February 2024

Mar 8, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

China’s February vehicle production, sales volumes decrease 25.9% y/y, 19.9% y/y, respectively
On March 11, the China Association of Automobile Manufacturers (CAAM) announced China’s vehicle production and sales results for February 2024.
As vehicle purchase demand was somewhat released before the Spring Festival, February vehicle production and sales volumes fell month-over-month. Year-to-date (YTD) passenger vehicle (PV) and commercial vehicle (CV) market performance maintained stability, and New Energy Vehicle (NEV) and vehicle exports remained good.
China’s 2024 Government Work Report specifies “consolidating and expanding the leading advantages of industries such as intelligent connected vehicles (ICVs) and NEVs” as well as “boosting the consumption of commodities such as ICVs and NEVs”. The CAAM believes that the further refinement and implementation of relevant policies will continuously contribute to solidifying the trend of growing in a stable manner in China’s auto industry.
In February, vehicle production and sales volumes totaled 1.506 million units and 1.584 million units, down 25.9% and 19.9% y/y, respectively. YTD production and sales volumes were 3.919 million units and 4.026 million units, up 8.1% and 11.1% y/y, respectively.
For PVs, production and sales volumes in February totaled 1.237 million units and 1.333 million units, down 25.8% y/y and 19.4% y/y, respectively. YTD production and sales volumes totaled 3.36 million units and 3.451 million units, up 7.9% and 10.6% y/y, respectively.
For CVs, production and sales volumes in February totaled 233,000 units and 251,000 units, down 26.6% and 22.5% y/y, respectively. YTD production and sales volumes were 560,000 units and 575,000 units, up 9% and 14.1%, respectively.
For NEVs, production and sales volumes in February totaled 464,000 units and 477,000 units, down 16% and 9.2% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 280,000 units and 294,000 units, down 28% and 21.8% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes both totaled 183,000 units, up 12.5% and 22.4% y/y, respectively; and FCV (fuel cell vehicle) production and sales volumes totaled 300 units and 200 units, up 187% y/y and 370% y/y, respectively.
YTD NEV production and sales volumes totaled 1.252 million units and 1.207 million units, up 28.2% and 29.4% y/y, respectively. Specifically, BEV production and sales volumes totaled 771,000 units and 740,000 units, up 12.1% and 11.7% y/y, respectively; PHV production and sales volumes totaled 480,000 units and 467,000 units, up 66.5% and 72.8% y/y, respectively; and FCV production and sales volumes both totaled 1,000 units, up 243.9% and 180.2% y/y, respectively.
In February, vehicle exports totaled 377,000 units, up 14.7% y/y. Specifically, PV exports totaled 315,000 units, up 16.2% y/y; CV exports totaled 62,000 units, up 7.6% y/y; and NEV exports totaled 82,000 units, down 5.9% y/y. YTD vehicle exports totaled 822,000 units, up 30.5% y/y. Specifically, PV exports totaled 686,000 units, up 31.5% y/y; CV exports totaled 136,000 units, up 25.9% y/y; and NEV exports totaled 182,000 units, up 7.5% y/y.

New vehicle sales by type (Factory shipments)

	Feb. 2024			Jan.-Feb. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	55.7	35.2	-23.8	144.9	36.0	5.4
MPV	4.2	2.7	-40.0	10.9	2.7	-12.3
SUV	72.2	45.6	-12.4	187.3	46.5	18.3
Mini Van	1.2	0.8	-55.6	2.0	0.5	-49.0
Passenger Cars Total	133.3	84.2	-19.4	345.1	85.7	10.6
Commercial Vehicles Total	25.1	15.8	-22.5	57.5	14.3	14.1
Grand Total	158.4	100.0	-19.9	402.6	100.0	11.1

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	Feb. 2024			Jan.-Feb. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	79.10	59.3	-11.0	206.91	60.0	24.8
Japanese brands	16.97	12.7	-35.2	44.82	13.0	-7.2
German brands	23.57	17.7	-21.3	61.13	17.7	2.2
American brands	9.99	7.5	-39.7	24.12	7.0	-21.4
Korean brands	2.73	2.0	1.4	5.89	1.7	16.2
French brands	0.60	0.5	-6.1	1.25	0.4	-21.9

Source : MarkLines Data Center

China - Production of vehicles

	Feb. 2024			Jan.-Feb. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	53.6	35.6	-31.4	140.5	35.9	-0.1
MPV	4.5	3.0	-31.8	12.0	3.1	-2.1
SUV	68.3	45.4	-18.8	181.4	46.3	18.4
Mini Van	0.9	0.6	-66.7	2.0	0.5	-61.1
Passenger Cars Total	127.3	84.5	-25.8	335.9	85.7	7.9
Commercial Vehicles Total	23.3	15.5	-26.6	56.0	14.3	9.0
Grand Total	150.6	100.0	-25.9	391.9	100.0	8.1

Source:Created by MarkLines based on press release

Sales of NEV

	Feb. 2024			Jan.-Feb. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	29.4	61.6	-21.8	74.0	61.3	11.7
PHV	18.3	38.4	22.4	46.7	38.7	72.8
FCV	0.02	0.04	370.0	0.1	0.08	180.2
Total	47.7	100.0	-9.2	120.7	100.0	29.4

Source:CAAM, Each maker's press releases

Production of NEV

	Feb. 2024			Jan.-Feb. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	28.0	60.3	-28.0	77.1	61.6	12.1
PHV	18.3	39.4	12.5	48.0	38.3	66.5
FCV	0.03	0.06	187.0	0.1	0.08	243.9
Total	46.4	100.0	-16.0	125.2	100.0	28.2

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Feb. 2024	Feb. 2023	Y-o-Y	Jan.- Feb. 2024	Jan.- Feb. 2023	Y-o-Y
1	Tesla	Model Y	36,248	51,412	-29.5%	78,121	92,315	-15.4%
2	Tesla	Model 3	24,117	22,990	4.9%	53,691	48,138	11.5%
3	AITO (2022-)	Wenjie M7	21,090	1,223	1624.4%	51,088	2,960	1625.9%
4	BYD Auto	Song PLUS	20,173	37,961	-46.9%	48,881	73,702	-33.7%
5	Chery	Tiggo 7	18,062	14,617	23.6%	40,559	32,175	26.1%
6	VW	Lavida	17,930	17,588	1.9%	43,918	36,688	19.7%
7	Haval	Haval H6	16,493	19,721	-16.4%	43,001	39,609	8.6%
8	BYD Auto	Qin PLUS	15,630	27,434	-43.0%	36,729	39,024	-5.9%
9	BYD Auto	Dolphin	13,725	22,861	-40.0%	32,630	40,490	-19.4%
10	Wuling	Wuling Hongguang MINIEV	13,596	8,384	62.2%	19,580	12,487	56.8%

Source: MarkLines Data Center


*The below data may differ from the sales volume by make (shipped from the local plant) to be released later on our data for monthly sales volume.
This is due to the difference in calculation methods.

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Feb. 2024 (10,000)	Y-o-Y
1	BYD Auto	11.9	-32.8%
2	Changan Automobile	8.7	-7.9%
3	Geely Automobile	8.7	-3.7%
4	FAW-VW	8.5	-23.4%
5	SAIC VW	6.3	-14.3%
6	Chery Automobile	5.7	45.9%
7	SAIC-GM-Wuling	5.5	-28.3%
8	GAC Toyota	4.3	-35.4%
9	BMW Brilliance	4.0	-19.8%
10	Dongfeng Nissan	3.9	-31.4%

Source: CPCA

Three Japanese OEMs’ Chinese sales figures for February 2024 all drop y/y
Three Japanese OEMs recently announced their sales results in China for February 2024.
Toyota sold 83,300 units in February, down 35.7% year-over-year (y/y). Year-to-date (YTD) sales volumes totaled 242,100 units, down 0.6% y/y.
On March 5, Honda announced that its February sales volume was 45,498 units, down 38.6% y/y. Specifically, GAC Honda and Dongfeng Honda sold 24,162 units and 21,336 units, respectively. YTD sales volumes totaled 146,458 units, up 5.9% y/y. Specifically, GAC Honda and Dongfeng Honda sold 78,243 units and 68,215 units, respectively.
On March 8, Nissan announced that its February sales volume was 41,824 units, down 30.3% y/y. YTD sales volumes totaled 107,377 units, down 0.1% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	Feb. 2024	Y-o-Y	Jan.-Feb. 2024	Y-o-Y	Note	Update
Toyota	83,300	-35.7%	242,100	-0.6%	Retail Sales, Including import vehicle sales	Mar. 11. 2024
Nissan	41,824	-30.3%	107,377	-0.1%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Mar. 11. 2024
Honda	45,498	-38.6%	146,458	5.9%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Mar. 11. 2024
Mazda	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Mitsubishi	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Subaru	TBA	-%	TBA	-%	Retail Sales

Source: Releases by each company

Flash report, January 2024

Feb 7, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

China’s vehicle production and sales volumes increase 51.2% and 47.9% y/y in January, respectively
On February 7, the China Association of Automobile Manufacturers (CAAM) announced China’s vehicle production and sales results for January 2024.
In January, vehicle production and sales volumes totaled 2.41 million units and 2.439 million units, up 51.2% and 47.9% y/y, respectively.
For PVs, production and sales volumes in January totaled 2.083 million units and 2.115 million units, up 49.1% y/y and 44.0% y/y, respectively.
For CVs, production and sales volumes in January totaled 327,000 units and 324,000 units, up 66.2% and 79.6% y/y, respectively.
For NEVs, production and sales volumes in January totaled 787,000 units and 729,000 units, up 85.3% and 78.8% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 489,000 units and 445,000 units, up 63.9% and 55.1% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 297,000 units and 284,000 units, up 136.1% and 135.0% y/y, respectively; FCV (fuel cell vehicle) production and sales volumes totaled 300 units and 400 units, respectively.
In January, vehicle exports totaled 443,000 units, up 47.4% y/y. Specifically, PV exports totaled 369,000 units, up 47.5% y/y; CV exports totaled 74,000 units, up 46.9% y/y; NEV exports totaled 101,000 units, up 21.7% y/y.
As for last year, in January 2023, affected by the Spring Festival holiday and with consumer demand partially overdrawn, coupled with the expiration of purchase tax incentives for conventional ICE vehicles and subsidy policies for New Energy Vehicles (NEVs), the performance of the auto market was lackluster, with production and sales volumes showing double-digit declines in both month-over-month (m/m) and year-over-year (y/y) terms.

New vehicle sales by type (Factory shipments)

	Jan. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	89.2	36.6	38.5
MPV	6.7	2.7	21.8
SUV	114.9	47.1	51.4
Mini Van	0.7	0.3	-36.4
Passenger Cars Total	211.5	86.7	44.0
Commercial Vehicles Total	32.4	13.3	79.6
Grand Total	243.9	100.0	47.9

Source:Created by MarkLines based on press release

(New vehicle sales by brands (Factory shipments)
　(Note) The below chart includes estimates

	Jan. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	127.81	60.4	66.0
Japanese brands	27.85	13.2	26.0
German brands	37.56	17.8	25.8
American brands	14.12	6.7	0.1
Korean brands	3.16	1.5	32.9
French brands	0.65	0.3	-32.4

Source : MarkLines Data Center

China - Production of vehicles

	Jan. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	86.9	36.1	39.0
MPV	7.6	3.2	33.3
SUV	112.7	46.8	62.9
Mini Van	1.1	0.5	-52.2
Passenger Cars Total	208.3	86.4	49.1
Commercial Vehicles Total	32.7	13.6	66.2
Grand Total	241.0	100.0	51.2

Source:Created by MarkLines based on press release

Sales of NEV

	Jan. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)
EV	44.5	61.0	55.1
PHV	28.4	39.0	135.0
FCV	0.04	0.05	133.3
Total	72.9	100.0	78.8

Source:CAAM, Each maker's press releases

Production of NEV

	Jan. 2024
	Units (10,000)	Share(%)	Y-o-Y(%)
EV	48.9	62.1	63.9
PHV	29.7	37.7	136.1
FCV	0.03	0.04	373.8
Total	78.7	100.0	85.3

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Jan. 2024	Jan. 2023	Y-o-Y
1	Tesla	Model Y	41,873	40,903	2.4%
2	BYD Auto	Seagull	36,447	-	-%
3	Changan/Chana	CS75	34,780	16,772	107.4%
4	VW	Sagitar	31,747	22,480	41.2%
5	AITO (2022-)	Wenjie M7	29,998	1,737	1627.0%
6	Tesla	Model 3	29,574	25,148	17.6%
7	Honda	CR-V	28,743	9,259	210.4%
8	BYD Auto	Song PLUS	28,708	35,741	-19.7%
9	Haval	Haval H6	26,508	19,888	33.3%
10	VW	Lavida	25,988	19,100	36.1%

Source: MarkLines Data Center

*The below data may differ from the sales volume by make (shipped from the local plant) to be released later on our data for monthly sales volume.
This is due to the difference in calculation methods.

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Jan. 2024 (10,000)	Y-o-Y
1	BYD Auto	20.7	48.0%
2	Changan Automobile	19.0	59.9%
3	Geely Automobile	18.7	115.9%
4	FAW-VW	16.2	45.4%
5	SAIC VW	11.5	42.7%
6	Chery Automobile	10.7	160.2%
7	SAIC-GM-Wuling	7.6	46.9%
8	Dongfeng Honda	7.6	217.1%
9	GAC Toyota	7.2	17.6%
10	FAW Toyota	7.0	59.4%

Source: CPCA

Three Japanese OEMs’ Chinese sales up in January 2024
Three Japanese OEMs recently announced their sales results in China for January 2024.
Toyota sold 158,500 units in January, up 39.2% year-over-year (y/y).
On February 4, Honda announced that its January sales volume was 100,960 units, up 57.3% y/y. GAC Honda and Dongfeng Honda sold 54,081 units and 46,879 units, respectively. Monthly sales volume of the Accord and CR-V models were both exceeded 15,000 units. Monthly sales volumes of the Breeze, Integra and Civic models were exceeded 10,000 units, respectively .
On February 6, Nissan announced that its January sales volume was 65,553 units, up 37.9% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	Jan. 2024	Y-o-Y	Note	Update
Toyota	158,500	39.2%	Retail Sales, Including import vehicle sales	Feb. 7. 2024
Nissan	65,553	37.9%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Feb. 7. 2024
Honda	100,960	57.3%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Feb. 7. 2024
Mazda	TBA	-%	Retail Sales, Including import vehicle sales
Mitsubishi	TBA	-%	Retail Sales, Including import vehicle sales
Subaru	TBA	-%	Retail Sales

Source: Releases by each company