China Automobile Industry Association, yesterday: in February of this year, China's auto production and sales dropped slightly higher than that of commercial vehicles, but there is a 100,000 unit inventory of commercial vehicles. Professionals said that the fierce competition of commercial vehicles would come in March.
According to China Automobile Industry Association statistics, in February, auto sales declined compared to that of January, and the margins were more than that of auto production, auto production and sales were 570,500 units and 553,400 units, dropped 25.12% and 22.83% respectively; and passenger cars production and sales were 420,000 units and 416,600 units, dropped 26% and 24.41%respectively; commercial vehicle production and sales were 150,500 units and 135,700 units, declined 22.55% and 17.53% respectively compared to January.
However, the data showed that commercial vehicle production and sales shortfall are much higher than passenger cars. In the first two months of this year, auto production and sales were 1,392,200 units and 270,000 units, 122,200 in inventory: Inventory of 17,400 units was passenger cars; commercial vehicle sales were 103,800 units.
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