The production and sales growth of Chinese auto industry is estimated to be almost the same with the data of last year

Gasgoo.com (Shanghai Mar 23) – Last week, China Automotive Industry Association (short as CAIA) had released China auto production and sales data of February, which declined apparently on month-on-month basis and slightly on year-on-year basis. Mr. Dong, vice president and secretary general of CAIA, says it happens caused of less working days in February.

According to the data, in February, the sales volume of China auto industry were 1.631,800, declining by 28.65% on month-on-month basis and by 0.38% on year-on-year basis. Sales volume were 1,593,300, declining by 31.31% on month-on-month basis and by 0.22% on year-on-year basis. Mr. Dong said the decline was caused by the different working days and the data of January and February were within the expectation. He also said the growth might be the same with the data of last year.

The data showed there were 6,190 new energy vehicles manufactured and 6,045 sold, among which there are 3,061 electric cars manufactured and 2,890 sold and others were plug-in hybrid power cars, declining sharply towards to the data of November and December. The production volumes of new energy vehicles in November 2014 and December 2014 were 9,728 and 27,000 while the data in first 2 months were only around average 6,000.

About this, Mr. Dong said the subsidy for new energy vehicle was declining in 2015 so some enterprises put the volume manufactured in January 2015 into December 2014 to enjoy more subsidies. And he was confident about the further performance of new energy vehicle in next 2 months.