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China's car sales increased for three consecutive months compared with the same period last year, and consumers showed a clear pick-up trend in the second quarter. According to the latest production and sales data of the China Automobile Association, in June, China's automobile production and sales completed 2.325 million and 2.3 million respectively, up 6.3% and 4.8% respectively from the previous month, and 22.5% and 11.6% respectively over the same period last year.

Affected by the epidemic in the first quarter, the whole was in a state of sharp decline. In the second quarter, with the gradual improvement of the domestic epidemic prevention and control situation and the introduction of automobile consumption policies, the phenomenon of "retaliatory" consumption has appeared, and sales have picked up for three months in a row. Car sales rose 4.4 per cent in April, 14.5 per cent in May and 11.6 per cent in June.

In the first half of the year, China's automobile production and sales completed 10.112 million and 10.257 million respectively, down 16.8% and 16.9% respectively from the same period last year, and the rate of decline has been further narrowed.

China Automobile Association data show that passenger vehicles maintained a small growth in June, commercial vehicles, driven by trucks, continued to show substantial growth, sales once again set a new record, of which light truck sales reached an all-time high.

In terms of passenger cars, production and sales of 1.798 million and 1.764 million vehicles were completed in June, an increase of 8.3% and 5.4% respectively over the previous month, and 12.2% and 1.8% respectively over the same period last year. From the perspective of car segments, SUV sales have exceeded that of cars this month. From the perspective of sales growth, SUV models continue to show double-digit growth compared with the same period last year, while cars and MPV still show negative growth.

In the first half of the year, the production and sales of passenger cars completed 7.754 million and 7.873 million respectively, down 22.5% and 22.4% respectively from the same period last year. From the breakdown of model data: car production and sales fell 25.9% and 26% respectively compared with the same period last year. SUV production and sales fell 14.6% and 14.9% respectively compared with the same period last year. MPV production and sales dropped by 48.1% and 45.7% respectively.

For commercial vehicles, production and sales completed 527000 and 536000 respectively in June, an increase of 77.9% and 63.1% respectively over the same period last year. Among them, sales hit an all-time high again after April. From the perspective of subdivided models, buses dropped slightly, trucks were driven by four types of models showed a substantial increase, of which light truck sales reached an all-time high, heavy truck sales reached an all-time high in June.

In the first half of the year, the production and sales of commercial vehicles completed 2.359 million and 2.384 million respectively, an increase of 9.5 per cent and 8.6 per cent respectively over the same period last year.

The performance of the new energy vehicle market is disappointing. In June, the production and sales of new energy vehicles completed 102000 and 104000 respectively, down 25.0% and 33.1% respectively from the same period last year. From January to June, the production and sales of new energy vehicles completed 397000 and 393000 respectively, down 36.5% and 37.4% respectively from the same period last year.

On the other hand, the structure of the car market has entered a stage of deep adjustment, and the market share of Chinese brand passenger cars has further declined. In June, a total of 590000 Chinese brand passenger cars were sold, down 11.6% from a year earlier, accounting for 33.5% of total passenger car sales, down 5% from a year earlier and almost to the lowest level. In the first half of the year, a total of 2.854 million passenger cars were sold in China, down 29.0 percent from the same period last year, accounting for 36.3 percent of the total passenger car sales, down 3.4 percent from the same period last year.

Cui Dongshu, secretary general of the Federation of passengers, said in a post that self-branded traditional cars and new energy are critical, the epidemic is not a knockout stage, and can not be defeated independently through the epidemic. He called on independent brands to be understood by society and need strong policy support.

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