In September, China's automobile production and sales increased by 28.1% and 25.7% year-on-year, respectively

On October 11, the Ministry of Industry and Information Technology released the "Economic Operation of the Automotive Industry in September 2022", showing that in September 2022, China's automobile production and sales continued to maintain a rapid growth trend, completing 2.
672 million units and 2.
61 million units, respectively, an increase of 28.
1% and 25.
7%
year-on-year.

In September, vehicle production totaled 2.
672 million units, up 11.
5% m/m, up 9.
5% m/m, and sales totaled 28.
1% y/y, and sales totaled 2.
61 million units, up 25.
7%
y/y.

Production of passenger cars totaled 2.
409 million units, up 11.
7% m/m, up 9.
7% m/m, and sales totaled 2.
332 million units, up 35.
8% y/y, and sales totaled 32.
7%
y/y.

By vehicle type, sedan production and sales totaled 1.
13 million units and 1.
086 million units, up 39.
9% y/y and 38% y/y, respectively.
SUV production totaled 1.
128 million units, up 33.
6% y/y, and sales totaled 1.
11 million units, up 30.
5% y/y.
MPV production totaled 119,000 units, up 19.
6% y/y, and sales totaled 105,000 units, up 9.
3% y/y.
Production and sales of crossover passenger cars totaled 32,000 units, up 47.
9% y/y, and sales totaled 31,000 units, up 29.
3%
y/y.

In September, Chinese brand passenger cars sold a total of 1.
166 million units, a year-on-year increase of 40.
8%, accounting for 50% of the total passenger car sales, and its market share increased by 2.
9 percentage points
year-on-year.

In September, commercial vehicle production totaled 263,000 units, up 10.
5% m/m, and sales totaled 279,000 units, up 7.
9% m/m.
Year-on-year decreases were 15.
6% and 12.
5%
respectively.
In terms of vehicle type, truck production totaled 223,000 units, down 17.
5% y/y, and sales totaled 239,000 units, down 14.
4% y/y.
Bus production and sales reached 40,000 units, with production down 3.
1% y/y and sales up 1.
1%
y/y.