AutoBeta(AutoBeta.net)09/09 Report--

With the strong rebound of the domestic car market since April, it has achieved four consecutive months of year-on-year growth in August this year, which forms a big contrast to the market that has suffered a continuous year-on-year decline, but due to the impact of this year's epidemic, only a few car companies have turned their annual sales positive.

Judging from the sales volume of more than a dozen listed car companies in China, with the exception of Haima, which is on the edge of the market, the rest of the car companies achieved year-on-year growth in August this year, even under the traditional off-season of July and August, there are still more than 60% of car companies to achieve double-digit growth, the growth trend is still obvious.

After months of market adjustment, SAIC, the largest listed car company in China, has finally returned to the 500000 mark, with cumulative sales of 504200 vehicles in August, an increase of 3.57% over the same period last year. Even though SAIC has maintained the trend of year-on-year growth, its overall performance is still lower than the market average.

Specifically, except SAIC. SAIC GM and SAIC passenger vehicles are still in a year-on-year decline, while others have achieved year-on-year growth. It can be said that SAIC's strong growth in the commercial vehicle sector has helped the group achieve small growth.

Among FAW Group, Dongfeng Automobile, GAC GROUP and Changan Automobile, which are also state-owned enterprises, except Dongfeng Motor, the other three all achieved double-digit growth, of which Changan Automobile became the largest growth company in August, achieving 35.6% growth compared with the same period last year. At the same time, Changan Automobile has also become the only one of several major automobile groups to achieve full-year sales.

Specifically, FAW Group has achieved significant growth under the leadership of the new Red Flag brand. FAW Red Flag grew 110% year-on-year; FAW-Volkswagen grew 7.8% year-on-year; FAW Toyota grew 17.2% year-on-year; FAW Mazda grew 7.4%.

Similar to FAW, supported by mainstream joint venture brands, Guangzhou Auto Honda and Guangzhou Automobile Toyota posted year-on-year sales growth of 26.18 per cent and 19.1 per cent in August, while independent brand GAC MOTOR also showed an 8.6 per cent year-on-year increase this month. Although GAC NE currently accounts for a relatively small share, sales have increased by 58.71% compared with the same period last year.

By contrast, Changan Group's Changan self-branded cars sold more than 128400 vehicles in August, up 39.5% from a year earlier. At the same time, sales in the joint venture sector picked up significantly, with Changan Mazda selling about 12000 vehicles in August, up 22.98 per cent from a year earlier, while Changan Ford sold about 16600 vehicles in August, up 10.2 per cent from a month earlier. It can be seen that the most important reason for the growth in sales of Changan Automobile Group comes from the strength of its own Changan Chinese brand cars.

As proprietary brands, Geely and Great Wall also performed strongly in August, but Great Wall significantly outperformed Geely in August. Geely sold 113443 cars in August, up 12% from a year earlier, according to the data. From January to August this year, Geely sold a cumulative total of 749107 vehicles, reaching 57 per cent of its annual sales target of 1.32 million.

Great Wall sold a total of 89442 vehicles in August, up 27.41 per cent from a year earlier, while sales this year totaled 562878, down 9.81 per cent from a year earlier. To be able to have such a performance, thanks to the Great Wall car in the pickup, in addition to the Great Wall cannon to achieve all the way popular, the rest of the Fengjun series can not be ignored. At the same time, for Euler, the number of products continues to grow at a visible rate. However, the deficiency of Great Wall Motor is still obvious, that is, the lack of investment in the car market.

Compared with the sales volume of other independent brands, there was still a strong growth performance in August this year, including 21.1% growth of Chery Motor, 57.8% growth of Jianghuai Motor, and 20.93% growth of Jiangling Motor. Foton Motor increased by 50.81%. And judging from the performance of these car companies, many car companies have achieved positive and narrowed sales.

For BYD, which is mainly in the field of new energy, BYD finally stopped falling in July, growing slightly by 2.1% for several months in a row. In contrast, sales of seahorse cars have fallen further, leaving only one model on sale, and not only the front one is sold in a single month.

On the whole, the market continued a strong rebound in August this year, with significant growth in both joint venture car companies and independent brands. Retail sales in the passenger car market reached 1.703 million units in August, up 8.9% from last August, the strongest positive growth since May 2018, reflecting the rapid recovery of the industry, according to a report by the Federation of passengers. Although the car market has returned to normal in the second half of the year, car companies are still under pressure from the annual target completion rate.

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