China - Automotive Sales volume, 2025
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*The number of units listed is the number at the time of the announcement.
Flash report, Automotive sales volume, 2025
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Flash report, February 2025
Mar 11, 2025
*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 increase 39.6% y/y, 34.4% y/y, respectively
On March 11, the China Association of Automobile Manufacturers (CAAM) announced China’s vehicle production and sales results for February 2025.
According to the CAAM, in February, corporate production and operating activities accelerated after the Spring Festival. Automakers scrambled to launch new models and price-off promotions, injecting much vitality into the market. As a result, China’s February vehicle production and sales volumes grew rapidly year-over-year (y/y). In January and February, the overall vehicle production and sales volumes grew steadily, as trade-in policies were newly strengthened and implemented, and corporate technology and product upgrading boosted demand. The passenger vehicle (PV) market remained good, while the commercial vehicle (CV) market picked up somewhat. The market performance of New Energy Vehicles (NEVs) was excellent, with production and sales volumes maintaining rapid growth. All these laid a foundation for a flying start to Q1.
In February, vehicle production and sales volumes totaled 2.103 million units and 2.129 million units, up 39.6% y/y and 34.4% y/y, respectively. Year-to-date (YTD) production and sales volumes were 4.553 million units and 4.552 million units, up 16.2% y/y and 13.1% y/y, respectively.
For PVs, production and sales volumes in February totaled 1.785 million units and 1.815 million units, up 40.2% y/y and 36.2% y/y, respectively. YTD production and sales volumes totaled 3.936 million units and 3.948 million units, up 17.2% y/y and 14.4% y/y, respectively.
For CVs, production and sales volumes in February totaled 318,000 units and 313,000 units, up 36.6% y/y and 25% y/y, respectively. YTD production and sales volumes were 617,000 units and 604,000 units, up 10.2% y/y and 5.1% y/y, respectively.
For NEVs, production and sales volumes in February totaled 888,000 units and 892,000 units, up 91.5% y/y and 87.1% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 546,000 units and 544,000 units, up 94.9% y/y and 85.1% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 341,000 units and 348,000 units, up 86.5% y/y and 90.3% y/y, respectively; and FCV (fuel cell vehicle) production and sales volumes totaled 160 units and 120 units, down 44.3% y/y and 36.2% y/y, respectively.
YTD NEV production and sales volumes totaled 1.903 million units and 1.835 million units, respectively, both up 52% y/y. Specifically, BEV production and sales volumes totaled 1.186 million units and 1.123 million units, up 53.8% y/y and 51.7% y/y, respectively; PHV production and sales volumes totaled 717,000 units and 713,000 units, up 49.2% y/y and 52.6% y/y, respectively; and FCV production and sales volumes totaled 219 units and 252 units, down 63.2% y/y and 55.5% y/y, respectively.
In February, vehicle exports totaled 441,000 units, up 16.9% y/y. Specifically, PV exports totaled 371,000 units, up 17.6% y/y; CV exports totaled 70,000 units, up 13.2% y/y; and NEV exports totaled 131,000 units, up 60.5% y/y. YTD vehicle exports totaled 911,000 units, up 10.9% y/y. Specifically, PV exports totaled 766,000 units, up 11.7% y/y; CV exports totaled 145,000 units, up 6.9% y/y; and NEV exports totaled 282,000 units, up 54.5% y/y.
New vehicle sales by type (Factory shipments)
| Feb. 2025 | Jan.-Feb. 2025 | |||||
|---|---|---|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | Units (10,000) |
Share(%) | Y-o-Y(%) | |
| Sedan/Hatchback | 75.3 | 35.4 | 35.2 | 163.2 | 35.9 | 12.6 |
| MPV | 7.9 | 3.7 | 88.1 | 16.8 | 3.7 | 53.7 |
| SUV | 95.0 | 44.6 | 31.6 | 209.4 | 46.0 | 11.8 |
| Mini Van | 3.3 | 1.6 | 175.0 | 5.4 | 1.2 | 176.4 |
| Passenger Cars Total |
181.5 | 85.3 | 36.2 | 394.8 | 86.7 | 14.4 |
| Commercial Vehicles Total | 31.3 | 14.7 | 25.0 | 60.4 | 13.3 | 5.1 |
| Grand Total | 212.9 | 100.0 | 34.4 | 455.2 | 100.0 | 13.1 |
New vehicle sales by brands (Factory shipments)
（NOTE) The below chart includes estimates.
| Feb. 2025 | Jan.-Feb. 2025 | |||||
|---|---|---|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | Units (10,000) |
Share(%) | Y-o-Y(%) | |
| Chinese brands | 127.79 | 70.4 | 61.6 | 273.64 | 69.3 | 32.3 |
| Japanese brands | 16.26 | 9.0 | -4.2 | 35.79 | 9.1 | -20.1 |
| German brands | 24.70 | 13.6 | 4.8 | 55.53 | 14.1 | -9.2 |
| American brands | 8.78 | 4.8 | -12.2 | 21.74 | 5.5 | -9.9 |
| Korean brands | 3.15 | 1.7 | 15.5 | 6.41 | 1.6 | 8.9 |
| French brands | 0.71 | 0.4 | 18.1 | 1.43 | 0.4 | 14.3 |
China - Production of vehicles
| Feb. 2025 | Jan.-Feb. 2025 | |||||
|---|---|---|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | Units (10,000) |
Share(%) | Y-o-Y(%) | |
| Sedan/Hatchback | 74.9 | 35.6 | 39.7 | 163.5 | 35.9 | 16.4 |
| MPV | 8.2 | 3.9 | 82.2 | 17.5 | 3.8 | 45.8 |
| SUV | 93.2 | 44.3 | 36.5 | 207.7 | 45.6 | 14.5 |
| Mini Van | 2.2 | 1.0 | 144.4 | 4.9 | 1.1 | 148.9 |
| Passenger Cars Total | 178.5 | 84.9 | 40.2 | 393.6 | 86.4 | 17.2 |
| Commercial Vehicles Total | 31.8 | 15.1 | 36.6 | 61.7 | 13.6 | 10.2 |
| Grand Total | 210.3 | 100.0 | 39.6 | 455.3 | 100.0 | 16.2 |
Sales of NEV
| Feb. 2025 | Jan.-Feb. 2025 | |||||
|---|---|---|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | Units (10,000) |
Share(%) | Y-o-Y(%) | |
| EV | 54.4 | 61.0 | 85.1 | 112.3 | 61.2 | 51.7 |
| PHV | 34.8 | 39.0 | 90.3 | 71.3 | 38.9 | 52.6 |
| FCV | 0.01 | 0.01 | -36.2 | 0.03 | 0.02 | -55.5 |
| Total | 89.2 | 100.0 | 87.1 | 183.5 | 100.0 | 52.0 |
Production of NEV
| Feb. 2025 | Jan.-Feb. 2025 | |||||
|---|---|---|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | Units (10,000) |
Share(%) | Y-o-Y(%) | |
| EV | 54.6 | 61.5 | 94.9 | 118.6 | 62.3 | 53.8 |
| PHV | 34.1 | 38.4 | 86.5 | 71.7 | 37.7 | 49.2 |
| FCV | 0.02 | 0.02 | -44.3 | 0.02 | 0.01 | -63.2 |
| Total | 88.8 | 100.0 | 91.5 | 190.3 | 100.0 | 52.0 |
*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. 2025 (10,000) |
Y-o-Y |
|---|---|---|---|
| 1 | BYD Auto |
20.6
|
73.2%
|
| 2 | Geely Automobile |
18.0
|
106.8%
|
| 3 | FAW-VW |
9.8
|
5.9%
|
| 4 | Chery Automobile |
8.2
|
45.4%
|
| 5 | Changan Automobile |
8.1
|
-7.5%
|
| 6 | SAIC VW |
6.8
|
6.4%
|
| 7 | SAIC-GM-Wuling |
6.6
|
19.5%
|
| 8 | GAC Toyota |
4.2
|
-3.0%
|
| 9 | FAW Toyota |
4.1
|
41.8%
|
| 10 | Beijing Benz Automotive |
3.5
|
-5.1%
|
Three Japanese OEMs release February 2025 new car sales figures in China, with only Toyota seeing growth y/y
Three Japanese OEMs recently announced their February 2025 new car sales results in China.
Toyota sold 95,800 units in February, up 15.0% year-over-year (y/y). Year-to-date (YTD) sales volume totaled 232,300 units, down 3.9% y/y.
On March 7, Honda announced that its February sales volume was 33,866 units, down 25.6% y/y. YTD sales volume totaled 102,756 units, down 29.8% y/y.
On March 7, Nissan announced that its February sales volume was 31,508 units, down 24.7% y/y. YTD sales volume totaled 76,926 units, down 28.4% y/y.
New vehicle sales by Japanese Makers
| Maker/Brand | Feb. 2024 | Y-o-Y | Jan.-Feb. 2024 |
Y-o-Y | Note | Update |
|---|---|---|---|---|---|---|
| Toyota | 95,800 | 15.0% | 232,300 | -3.9% | Retail Sales, Including import vehicle sales | Mar. 10. 2025 |
| Nissan | 31,508 | -24.7% | 76,926 | -28.4% | Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included. | Mar. 10. 2025 |
| Honda | 33,866 | -25.6% | 102,756 | -29.8% | Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles) | Mar. 10. 2025 |
| Mazda | N/A | -% | N/A | -% | Retail Sales, Including import vehicle sales | |
| Mitsubishi | N/A | -% | N/A | -% | Retail Sales, Including import vehicle sales | |
| Subaru | N/A | -% | N/A | -% | Retail Sales |
Flash report, January 2025
Feb 17, 2025
*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 January vehicle production, sales volumes up 1.7% y/y, down 0.6% y/y, respectively
On February 17, the China Association of Automobile Manufacturers (CAAM) announced China’s vehicle production and sales results for January 2025.
According to the CAAM, despite fewer weekdays, China’s January 2025 vehicle production and sales volumes edged up year-over-year (y/y) and edged down y/y, respectively, due to bullish factors such as trade-in policies and the Spring Festival holiday economy growth, ushering in a stable start. Passenger vehicle (PV) production and sales volumes both grew y/y. New Energy Vehicle (NEV) production and sales volumes, as well as vehicle exports, remained good.
In January, vehicle production and sales volumes totaled 2.450 million units and 2.423 million units, up 1.7% y/y and down 0.6% y/y, respectively.
For PVs, production and sales volumes in January totaled 2.151 million units and 2.133 million units, up 3.3% y/y and 0.8% y/y, respectively.
For commercial vehicles (CVs), production and sales volumes in January totaled 299,000 units and 290,000 units, down 8.6% y/y and 10.3% y/y, respectively.
For NEVs, production and sales volumes in January totaled 1.015 million units and 944,000 units, up 29.0% y/y and 29.4% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 635,000 units and 574,000 units, up 29.7% y/y and 29.1% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 380,000 units and 370,000 units, up 27.8% y/y and 30.0% y/y, respectively; and FCV (fuel cell vehicle) production and sales volumes totaled 59 units and 132 units, down 80.8% y/y and 65.1% y/y, respectively.
In January, vehicle exports totaled 470,000 units, up 6.1% y/y. Specifically, PV exports totaled 395,000 units, up 7.0% y/y; CV exports totaled 75,000 units, up 1.5% y/y; and NEV exports totaled 150,000 units, up 49.6% y/y.
New vehicle sales by type (Factory shipments)
| Jan. 2025 | |||
|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | |
| Sedan/Hatchback |
87.9
|
36.3
|
-1.5
|
| MPV |
8.9
|
3.7
|
32.8
|
| SUV |
114.4
|
47.2
|
-0.4
|
| Mini Van |
2.1
|
0.9
|
200.0
|
| Passenger Cars Total |
213.3
|
88.0
|
0.8
|
| Commercial Vehicles Total |
29.0
|
12.0
|
-10.3
|
| Grand Total |
242.3
|
100.0
|
-0.6
|
Source:Created by MarkLines based on press release
New vehicle sales by brands (Factory shipments)
(Note) The below chart includes estimates
| Jan. 2025 | |||
|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | |
| Chinese brands | 145.85 | 68.4 | 14.1 |
| Japanese brands | 19.53 | 9.2 | -29.9 |
| German brands | 30.83 | 14.5 | -17.9 |
| American brands | 12.96 | 6.1 | -8.2 |
| Korean brands | 3.26 | 1.5 | 3.1 |
| French brands | 0.72 | 0.3 | 10.7 |
Source : MarkLines Data Center
China - Production of vehicles
| Jan. 2025 | |||
|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | |
| Sedan/Hatchback |
88.6
|
36.2
|
2.0
|
| MPV |
9.3
|
3.8
|
22.4
|
| SUV |
114.5
|
46.7
|
1.6
|
| Mini Van |
2.7
|
1.1
|
145.5
|
| Passenger Cars Total |
215.1
|
87.8
|
3.3
|
| Commercial Vehicles Total |
29.9
|
12.2
|
-8.6
|
| Grand Total |
245.0
|
100.0
|
1.7
|
Source:Created by MarkLines based on press release
Sales of NEV
| Jan. 2025 | |||
|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | |
| EV |
57.4
|
60.8
|
29.1
|
| PHV |
37.0
|
39.2
|
30.0
|
| FCV |
0.01
|
0.01
|
-65.1
|
| Total |
94.4
|
100.0
|
29.4
|
Source:CAAM, Each maker's press releases
Production of NEV
| Jan. 2025 | |||
|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | |
| EV |
63.5
|
62.6
|
29.7
|
| PHV |
38.0
|
37.4
|
27.8
|
| FCV |
0.01
|
0.01
|
-80.8
|
| Total |
101.5
|
100.0
|
29.0
|
Source:CAAM, Each maker's press releases
China - Top 10 best selling models
| - | Maker/Brand | Model | Jan. 2025 | Jan. 2024 | Y-o-Y |
|---|---|---|---|---|---|
| 1 | BYD Auto | Song PLUS |
51,341
|
28,708
|
78.8%
|
| 2 | BYD Auto | Seagull |
41,212
|
36,447
|
13.1%
|
| 3 | Changan/Chana | CS75 |
37,881
|
34,780
|
8.9%
|
| 4 | Tesla | Model Y |
32,233
|
41,873
|
-23.0%
|
| 5 | Tesla | Model 3 |
31,005
|
29,574
|
4.8%
|
| 6 | Geely | Xing Yue L |
29,995
|
25,005
|
20.0%
|
| 7 | VW | Sagitar |
28,326
|
31,747
|
-10.8%
|
| 8 | Geely | Geely Xingyuan |
28,147
|
-
|
-%
|
| 9 | Changan/Chana | Eado |
24,161
|
17,894
|
35.0%
|
| 10 | Geely | Preface |
23,717
|
19,171
|
23.7%
|
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. 2025 (10,000) |
Y-o-Y |
|---|---|---|---|
| 1 | Geely Automobile | 24.0 | 28.2% |
| 2 | BYD Auto | 20.0 | -3.2% |
| 3 | FAW-VW | 13.7 | -15.4% |
| 4 | Changan Automobile | 12.2 | -37.2% |
| 5 | Chery Automobile | 11.9 | 12.2% |
| 6 | SAIC VW | 9.9 | -14.1% |
| 7 | SAIC-GM-Wuling | 6.9 | -9.4% |
| 8 | GAC Toyota | 6.3 | -11.7% |
| 9 | FAW Toyota | 6.0 | -14.1% |
| 10 | BMW Brilliance | 5.3 | -23.7% |
Source: CPCA
Three Japanese OEMs’ Chinese sales figures for January 2025 all drop
Three Japanese OEMs recently announced their new car sales results in China for January 2025.
Toyota sold 136,500 units in January, down 13.9% year-over-year (y/y).
On February 10, Honda announced that its January sales volume was 68,890 units, down 31.8% y/y.
On February 12, Nissan announced that its January sales volume was 45,418 units, down 30.7% y/y.
New vehicle sales by Japanese Makers
| Maker/Brand | Jan. 2025 | Y-o-Y | Note | Update |
|---|---|---|---|---|
| Toyota | 136,500 | -13.9% | Retail Sales, Including import vehicle sales | Feb. 14. 2025 |
| Nissan | 45,418 | -30.7% | Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included. | Feb. 14. 2025 |
| Honda | 68,890 | -31.8% | Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles) | Feb. 14. 2025 |
| Mazda | N/A | -% | Retail Sales, Including import vehicle sales | |
| Mitsubishi | N/A | -% | Retail Sales, Including import vehicle sales | |
| Subaru | N/A | -% | Retail Sales |
Source: Releases by each company