Market Chatter: Wholesale Auto Sales in China Slide 15% in February; March Sales Seen to Decline Due to War

MT Newswires Live03-12

Wholesale auto sales in China fell 15% in February, Reuters reported Wednesday, citing the China Association of Automobile Manufacturers.

The association attributed the decline to the reduced number of business days caused by the Lunar New Year holidays, a stop in a tax break, and lower government subsidies, according to the report.

Domestic sales slid 34% to 950,000 vehicles, despite exports surging 58% to 590,000, Reuters said, citing the CAAM.

However, March sales could look downcast due to the U.S.-Israel war against Iran, the report said, citing CAAM senior official Chen Shihua.

The Middle East accounted for about 20% of Chinese vehicle exports in 2025, the report said.

China's biggest local automakers include Dongfeng Motor Group (HKG:0489), SAIC Motor (SHA:600104), Chongqing Changan Automobile (SHE:000625), BAIC Motor (HKG:1958), Guangzhou Automobile Group (SHA:601238, HKG:2238), Great Wall Motors (SHA:601633, HKG:2333) and FAW Group (SHE:000800).

Top new-energy vehicle manufacturers include BYD (SHE:002594, HKG:1211), Li Auto (HKG:2015), XPeng (HKG:9868) and NIO (HKG:9866, SGX:NIO).

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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March Sales Seen to Decline Due to War\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-03-12 14:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Wholesale auto sales in China fell 15% in February, Reuters reported Wednesday, citing the China Association of Automobile Manufacturers.</p><p>The association attributed the decline to the reduced number of business days caused by the Lunar New Year holidays, a stop in a tax break, and lower government subsidies, according to the report.</p><p>Domestic sales slid 34% to 950,000 vehicles, despite exports surging 58% to 590,000, Reuters said, citing the CAAM.</p><p>However, March sales could look downcast due to the U.S.-Israel war against Iran, the report said, citing CAAM senior official Chen Shihua.</p><p>The Middle East accounted for about 20% of Chinese vehicle exports in 2025, the report said.</p><p>China's biggest local automakers include <a href=\"https://laohu8.com/S/DNFGF\">Dongfeng Motor</a> Group (HKG:0489), SAIC Motor (SHA:600104), <a href=\"https://laohu8.com/S/000625\">Chongqing Changan Automobile</a> (SHE:000625), BAIC Motor (HKG:1958), <a href=\"https://laohu8.com/S/GNZUF\">Guangzhou Automobile</a> Group (SHA:601238, HKG:2238), <a href=\"https://laohu8.com/S/000835\">Great Wall</a> Motors (SHA:601633, HKG:2333) and FAW Group (SHE:000800).</p><p>Top new-energy vehicle manufacturers include <a href=\"https://laohu8.com/S/BYDDY\">BYD</a> (SHE:002594, HKG:1211), <a href=\"https://laohu8.com/S/LAAOF\">Li Auto</a> (HKG:2015), <a href=\"https://laohu8.com/S/XPEV\">XPeng</a> (HKG:9868) and <a href=\"https://laohu8.com/S/NIO\">NIO</a> (HKG:9866, SGX:NIO).</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0028","symbol_name":"国家队","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2618188773","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618188773","pubTimestamp":1773298049,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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China A Share Equity A Acc SGD-H"},"translate_title":"市场传闻：2月份中国汽车批发销量下滑15%；由于战争，三月份销售额预计下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81211":0.6,"82333":0.6,"600104":1.61,"601238":1.61,"601633":1.61,"HYDD.SI":0.6,"000625":1.61,"DNFGY":1.61,"EVS.SI":0.6,"GWLLY":1.61,"BYDDY":1.61,"01958":1.61,"002594":1.61,"000800":1.61,"02333":1.61,"01211":1.61,"NIO.SI":1.61,"00489":1.61,"02238":1.61},"content_text":"Wholesale auto sales in China fell 15% in February, Reuters reported Wednesday, citing the China Association of Automobile Manufacturers.The association attributed the decline to the reduced number of business days caused by the Lunar New Year holidays, a stop in a tax break, and lower government subsidies, according to the report.Domestic sales slid 34% to 950,000 vehicles, despite exports surging 58% to 590,000, Reuters said, citing the CAAM.However, March sales could look downcast due to the U.S.-Israel war against Iran, the report said, citing CAAM senior official Chen Shihua.The Middle East accounted for about 20% of Chinese vehicle exports in 2025, the report said.China's biggest local automakers include Dongfeng Motor Group (HKG:0489), SAIC Motor (SHA:600104), Chongqing Changan Automobile (SHE:000625), BAIC Motor (HKG:1958), Guangzhou Automobile Group (SHA:601238, HKG:2238), Great Wall Motors (SHA:601633, HKG:2333) and FAW Group (SHE:000800).Top new-energy vehicle manufacturers include BYD (SHE:002594, HKG:1211), Li Auto (HKG:2015), XPeng (HKG:9868) and NIO (HKG:9866, SGX:NIO).(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2618188773","isCrawlerRequest":true}