China Association of Automobile Manufacturers: A brief analysis of Chinese brand passenger car sales in May 2022

According to statistics and analysis by the China Association of Automobile Manufacturers, in May 2022, the performance of Chinese-branded passenger cars was significantly better than the previous month, with sales ending their month-on-month and year-on-year declines and showing rapid growth.

In May 2022, sales of Chinese-branded passenger cars reached 799,000 units, a month-on-month increase of 45.1% and a year-on-year increase of 17.5%, accounting for 49.2% of the total passenger car sales. The market share decreased by 7.8 percentage points from the previous month and increased by 7.9 percentage points from the same period last year.

From January to May 2022, a total of 3.897 million Chinese-branded passenger cars were sold, an increase of 11.3% year-on-year, accounting for 47.9% of the total passenger car sales, and the market share increased by 6.4 percentage points over the same period last year.

In May 2022, the market shares of Chinese-branded sedans, SUVs and MPVs were 40.9%, 55.6% and 64.3% respectively. Compared with the previous month, the market shares all declined, with the decline in Chinese-branded SUVs being more obvious. Compared with the same period last year, the market share of Chinese-branded MPVs declined, while that of Chinese-branded sedans and SUVs increased.

From January to May 2022, the market shares of Chinese-branded sedans, SUVs and MPVs were 38.0%, 55.3% and 57.8% respectively. Compared with the same period last year, the market share of Chinese-branded sedans and SUVs continued to grow, while that of MPVs continued to decline rapidly.