China Association of Automobile Manufacturers: Analysis of Chinese brand passenger car sales in January 2023

According to statistics and analysis by the China Association of Automobile Manufacturers, in January 2023, sales of Chinese-branded passenger cars reached 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 total passenger car sales. The market share decreased by 5.2 percentage points from the previous month and increased by 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. Compared with the previous month, the market share of Chinese brand SUVs decreased slightly, while sedans and MPVs decreased significantly; compared with the same period last year, the market share of Chinese brand sedans, SUVs and MPVs all increased slightly.