AutoBeta(AutoBeta.net)06/03 Report--

The good news expected by the Autobots has finally arrived! According to KuaiBao's sales to key enterprises, China's automobile industry is expected to complete 2.136 million vehicles in May, an increase of 3.2% from the previous month and 11.7% from a year earlier, the China Association of Automobile Manufacturers said on June 2.

In fact, China's car sales stopped the trend of continuous decline in April. In April, China's automobile production and sales completed 2.102 million and 2.07 million respectively, up 46.6% and 43.5% respectively from the previous month, and 2.3% and 4.4% respectively over the same period last year. The monthly growth rate was the first increase so far this year, and sales volume ended 21 consecutive months of decline.

In May, it is expected to achieve double-digit growth, which is also a rare sight in China's automobile industry.

However, due to the impact of the epidemic in the previous period, the China Automobile Association expects the cumulative sales of the automobile industry to reach 7.896 million vehicles from January to May, down 23.1% from the same period last year.

There is a view that the growth in car consumption is a good thing, cars are big consumption, and consumers' willingness to spend is equal to the restoration of confidence in the economic future. Unlike other consumer goods, car sales boom can affect the overall economy.

As early as February 15 during the epidemic period, Qiushi magazine published a programmatic guidance plan on the epidemic at the central level, pointing out that expanding consumption is one of the important focal points for hedging the impact of the epidemic, and it is necessary to actively stabilize traditional bulk consumption such as automobiles, and encourage areas where car purchases are restricted to appropriately increase the quota of car license plates to drive the consumption of cars and related products.

The growth of car sales is not only the role of stimulating consumption policies, but also the result of gradual recovery of consumption or retaliatory consumption.

In the analysis report of the China Automobile Association, it is pointed out that the production and sales of the automobile industry have obviously recovered, of which commercial vehicles have increased significantly compared with the same period last year, with monthly production and sales reaching record highs, with trucks making the highest contribution, while the passenger car market has not yet been fully started.

Statistics from the China Automobile Association show that passenger car sales in April were 1.536 million, down 2.6% from a year earlier. The cumulative sales from January to April were 4.433 million, down 35.3% from a year earlier.

The pulling effect of commercial vehicles is obvious. Sales of commercial vehicles reached an all-time high of 534000 in April, up 31.6% from a year earlier, with heavy trucks growing the fastest, with sales of 191000 vehicles in the month, up 61.0% from a year earlier. From January to April, cumulative sales of commercial vehicles reached 1.328 million, down 12.4% from a year earlier.

The market for new energy vehicles continues to be depressed. Sales of new energy vehicles in April were 72000, down 26.5% from a year earlier, while sales from January to April were 205000, down 43.4% from a year earlier.

At present, many local governments have introduced relevant measures and programs to promote automobile consumption, including measures to promote new energy vehicle consumption according to local conditions, increase traditional car purchase restrictions and carry out car trade-in measures to further expand automobile consumption.

Chen Hong, chairman of SAIC, said that driven by policy promotion and demand compensation, the industry as a whole has improved, and sales are expected to achieve positive growth in the second quarter. However, the overall trend of the automobile industry in the second half of the year still depends on the joint action of the epidemic, economy and policy.

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