China Association of Automobile Manufacturers: Brief analysis of passenger car production and sales in October 2021

According to statistics and analysis by the China Association of Automobile Manufacturers, the supply of automotive chips in October 2021 was slightly better than in September . In addition, the inventory of passenger car companies this month dropped significantly compared with the beginning of the month. Therefore, the decline in passenger car production and sales that month narrowed significantly.

In October 2021 , passenger car production and sales reached 1.988 million and 2.007 million respectively, up 12.5% ​​and 14.6% month-on-month, down 4.7% and 5.0% year-on-year, respectively , and the decline narrowed by 9.2 and 11.5 percentage points compared with September . Compared with 2019 , passenger car production and sales increased by 2.4% and 3.4% year-on-year , and the growth rate of production and sales turned from negative to positive compared with September .

From January to October 2021 , the production and sales of passenger vehicles reached 16.648 million and 16.871 million respectively, up 8.6% and 8.8% year-on-year , and the growth rate continued to fall by 2.1 and 2.2 percentage points compared with January to September . Compared with the same period in 2019 , the production and sales fell by 2.3% and 1.9% year-on-year , respectively , and the decline narrowed by 0.6 and 0.8 percentage points compared with January to September .

In October 2021 , among the passenger car sub-categories, compared with the previous month, the production and sales of the four major passenger car categories both increased, with the growth rate of crossover passenger cars being more obvious; compared with the same period last year, the production and sales of the four major passenger car categories continued to decline.

From January to October 2021 , among the passenger car sub-categories, compared with the same period last year, the production and sales of the four major passenger car categories all increased, and the growth rate continued to decline compared with January to September .

In October 2021 , sales of domestically produced luxury cars reached 303,000 units, a year-on-year increase of 12.9 % , and the growth rate turned from negative to positive compared with September .

From January to October 2021 , the sales volume of domestically produced luxury cars reached 2.793 million units, a year-on-year increase of 21.7 % , 12.9 percentage points higher than the cumulative growth rate of passenger cars .