CAAM: 758,000 Units of Chinese Brand Passenger Cars sold in January

According to the China Association of Automobile Manufacturers (CAAM), in January 2023, the sales of Chinese brand passenger cars were 758,000 units, a month-on-month decrease of 41.1% and a year-on-year decrease of 24.8%, accounting for 51.6% of the total passenger car sales. The share decreased by 5.2 percentage points compared with the previous month, an increase of 5.6 percentage points from the same period last year. In January 2023, the market shares of Chinese brand sedans, SUVs and MPVs were 39.2%, 61.4% and 52.6% respectively, which dropped MoM but rose YoY.