This month, the production and sales of new energy vehicles and auto exports hit a new record high, continuing to drive the steady growth of China's auto production and sales. " Chen Shihua, Deputy Secretary General of China Automobile Association, said that from the perspective of the terminal market, if the above two factors are removed, the traditional car market will face great pressure.
Yesterday (November 10), according to the data released by the China Automobile Association, in October, the production and sales of domestic automobiles were 2.599 million and 2.505 million, down 2.7% and 4% month on month respectively, and up 11.1% and 6.9% year on year respectively; From January to October, the production and sales of automobiles were 22.242 million and 21.975 million, up 7.9% and 4.6% year on year respectively, and the growth rate was 0.5 and 0.3 percentage points higher than that from January to September respectively.
"Affected by the epidemic and the structural shortage of chips, the automobile terminal market is under pressure, and the production supply has decreased slightly compared with that in September." Chen Shihua said that, due to the continuous efforts of the vehicle purchase tax reduction policy, the production and sales volume still maintained a growth momentum compared with the same period last year.
Chen Shihua also reminded that in November and December of last year, the domestic automobile production and sales base was relatively high, so the growth rate in the same period of this year was still under great pressure. However, under the stimulus of a series of favorable policies and follow-up policy measures, it was not a problem to reach 27 million vehicles in the whole year.
In terms of passenger cars, the production and sales of 2.334 million cars and 2.231 million cars were completed in October, down 3.1% and 4.3% month on month respectively, and up 16.9% and 10.7% year on year respectively; From January to October, 19.551 million and 19.218 million vehicles were produced and sold, up 17.3% and 13.7% year on year respectively.
In this regard, Chen Shihua analyzed that the passenger car market has maintained rapid growth since June, driven by such factors as the policy of halving the purchase tax, the rapid growth of new energy vehicles, and the good momentum of automobile export.
From the perspective of market segments, from January to October, the traditional energy passenger vehicles, Class B and Class C, showed positive growth year on year, and the vehicles below Class B showed different degrees of decline. In addition, Class A vehicles are still the main model, with a cumulative sales volume of 8.116 million, down 3.3% year on year. Chen Shihua said that at present, the upgrading of the automobile consumption structure is obvious, and the preferential purchase tax policy has been extended to 2.0L or less, which has played a role in promoting Class B and Class C vehicles.
This has also driven the high-end brand passenger car market to a certain extent. Data shows that from January to October, the sales volume of high-end brand passenger cars produced in China reached 3.075 million, up 10.6% year on year. Chen Shihua said that as the preferential purchase tax policy benefits a wide range of people and promotes consumption upgrading, high-end brands generally perform well.
In terms of Chinese brand passenger cars, 1.187 million cars were sold in October, up 23.5% year on year, accounting for 53.2% of the total passenger car sales, up 5.5 percentage points; In the first 10 months, 9.35 million vehicles were sold, with a year-on-year growth of 26.1% and a market share of 48.7%, up 4.8 percentage points. Chen Shihua proudly said that except for special months such as February last year, the market share of Chinese brand passenger vehicles in October was the best in history.
In addition, the sales of the top ten enterprise groups in terms of auto sales totaled 18.983 million units in the first 10 months, up 5.5% year on year, accounting for 86.4% of the total auto sales, 0.7 percentage points higher than the same period last year. Compared with the same period last year, BYD's sales growth was the most obvious. GAC, Geely and Chery showed double-digit rapid growth, SAIC slightly increased, and other enterprises showed varying degrees of decline.
It is worth mentioning that China's automobile exports continued to exceed 300000 in October. Data shows that in October, auto enterprises exported 337000 vehicles, up 12.3% month on month and 46% year on year; Among them, 109000 new energy vehicles were exported, with a year-on-year growth of more than 81.2%. From January to October, automobile enterprises exported 2.456 million vehicles, up 54.1% year on year. Chen Shihua estimated that according to the current market performance, the annual automobile export is expected to reach 3 million vehicles.
To be specific, from January to October, among the top ten automobile export enterprises, each enterprise showed a different degree of year-on-year growth; Among them, the export growth of Geely was the most significant, with the export volume reaching 160000 vehicles, up 86% year on year.
Focusing on new energy vehicles, in October, the production and sales of 762000 and 714000 vehicles were completed, with year-on-year growth of 87.6% and 81.7% respectively. The market share reached 28.5%, and the production and sales reached a new record high; From January to October, the production and sales of 5.485 million vehicles and 5.28 million vehicles were completed, with a year-on-year growth of 1.1 times and a market share of 24%.
In the first 10 months, the sales of the top ten enterprise groups in terms of new energy vehicle sales totaled 4.34 million vehicles, an increase of 1.2 times year on year, accounting for 82.2% of the total sales, 5.4 percentage points higher than the same period last year, of which BYD's cumulative sales volume was close to 1.4 million vehicles. Compared with the same period of last year, all enterprises showed different levels of growth, and Geely's sales growth was the most significant.
In terms of levels, the sales of new energy passenger vehicles in the first 10 months increased to varying degrees year on year, with the largest increase in A0. According to Chen Shihua, at present, the sales of new energy vehicles are mainly concentrated in Class A vehicles, and show a significant momentum, with a cumulative sales of 1.84 million vehicles, an increase of 164.2% year on year.
Speaking of the performance of the automobile market, Chen Shihua reminded that although the production and wholesale end of the automobile industry has a good momentum, the growth of the domestic terminal market is slightly weak, and the terminal inventory level has improved. At the same time, because it is not clear whether the preferential policy of traditional fuel vehicle purchase tax will continue next year, and the subsidy for new energy vehicles will be withdrawn, the price of superimposed power battery raw materials will rise significantly, so the enterprise has uncertainty about the market expectation, and it may be more difficult to formulate the production and operation plan next year.
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