China Passenger Car Association: The Product Competitiveness Index of the passenger car market in January was 88.5, a decrease of 1.8 points compared to the previous month.

The China Association of Automobile Manufacturers issued a document stating that the overall market product competitiveness index of passenger cars in January 2025 was 88.5, a decrease of 1.8 points compared to the previous month; looking at the three major sub-markets, the SUV and MPV markets increased by 0.9 and 12.6 points respectively, while the sedan market decreased by 4.3 points. Overall market product competitiveness index trend In January 2025, the wholesale sales of passenger cars were 2.101 million units, a slight decrease year-on-year and a significant decrease compared to the previous month; due to the earlier Chinese New Year, many consumers completed their replacement car purchase plans at the end of 2024, so the January car market was slightly weaker than the usual peak season, and with more than 4 days less effective selling time in January, the overall market heat index decreased by 0.6 points compared to the previous month; overall, the overall market product competitiveness index decreased by 1.8 points compared to the previous month. Note: Only the data from the last 12 months is retained, with January 2019 as the base point of 100%. Sedan market product competitiveness index trend Overall, the sedan market product competitiveness index in January 2025 was 85.2, a decrease of 4.3 points compared to the previous month, with product evaluation, market heat, and price strength indicators all decreasing by 3.8, 0.9, and 0.1 points respectively, while the user reputation indicator increased by 0.3 points compared to the previous month. Note: Only the data from the last 12 months is retained, with January 2019 as the base point of 100%. SUV market product competitiveness index trend Overall, the SUV market product competitiveness index in January 2025 was 92.2, an increase of 0.9 points compared to the previous month, with product evaluation and price strength indicators increasing by 1.4 and 0.5 points respectively, while the user reputation and market heat indicators decreased by 0.6 and 0.3 points respectively compared to the previous month. Note: Only the data from the last 12 months is retained, with January 2019 as the base point of 100%. MPV market product competitiveness index trend Overall, the MPV market product competitiveness index in January 2025 was 99.9, an increase of 12.6 points compared to the previous month, with product evaluation, user reputation, price strength, and market heat indicators all increasing by 22.9, 1.2, 0.5, and 0.3 points respectively compared to the previous month. Note: Only the data from the last 12 months is retained, with January 2019 as the base point of 100%.