CAAM: China car sales in China dropped 18.7% YoY in January

Published: Feb 27, 2020 16:13

Save

In January, sales of passenger vehicles fell 27.4% from a month ago and 20.6% from a year ago to 1.61 million units.

SHANGHAI, Feb 27 (SMM) – Sales of automobiles in China dropped 18.7% year on year to 1.93 million units in January, the China Association of Automobile Manufacturers (CAAM) said on Wednesday.

Sales stood at 2.66 million units in December, up 8.2% month on month and down just 0.1% year on year as the festive season and motor shows spurred purchases. The earlier-than-usual Lunar New Year holiday, meanwhile, brought forward the high sales season.

In January, sales of passenger vehicles fell 27.4% from a month ago and 20.6% from a year ago to 1.61 million units.

Given the COVID-19 outbreak, production and sales of automobiles in China are expected to see a larger decline in February, the CAAM noted in the report.

Sales data Car

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Transaction Pushed Magnesium Prices Up, Today's Magnesium Prices Hold Up Well [SMM Analysis]

[Trading Pushes Magnesium Prices Upward, Today's Magnesium Prices Hold Up Well] The magnesium market today generally stable with slight rise. In the morning, on the supply side, magnesium plants showed strong sentiment to hold prices firm, with mainstream quotations concentrated at 16,700-16,800 yuan/mt. Some smaller plants were willing to ship at 16,600 yuan/mt, while market inquiries indicated a mediocre performance.

1 hour ago

[SMM Magnesium Analysis] China Magnesium Trade Faces Challenges Amid Geopolitical Tensions and Export Controls

In 2026, China's magnesium exports face dual pressures: Middle East conflicts have spiked freight rates and blocked major trade routes, while tighter controls on dual-use items to Japan limit growth. Despite 420,000 tons exported in 2025, the industry must shift from low-price "involution" to rational quoting to sustain its global dominance.

1 hour ago

2 hours ago

LB Group and Other Producers Announce TiO₂ Price Hikes Amid Market Trends

[SMM Titanium Express] LB Group issued a price adjustment notice. Based on current market conditions, effective March 2, prices for all Billions brand TiO₂ products will increase by RMB 500/ton for domestic market and USD 100/ton for overseas market. Multiple producers including Taineng Chemical, Chemours, Fangyuan TiO₂, and Bengbu GuoTai also announced price hikes today, indicating a broad-based upward trend in the industry.

2 hours ago