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For the end of the year 2020, a number of car companies have released annual new car production and sales reports. Affected by the shrinking market in the first half of this year and the impact of the COVID-19 epidemic, the annual sales of many car companies are on a downward trend, and only a few car companies rebounded strongly after the market recovered in the second half of the year.

According to the data of six independent car companies that have taken the lead in announcing the performance of new cars in China, only Changan Automobile has achieved year-on-year sales growth, and the double-digit growth rate is much higher than that of other car companies. While the remaining five car companies all showed varying degrees of year-on-year decline, the largest decline is also the largest domestic sales volume of SAIC Group, showing double digits.

SAIC: dragged down by multiple brands (5.6 million vehicles)

Since the beginning of 2020, the sales volume of SAIC has been in a trend of falling more and rising less. Even in the rebounding environment of the auto market, most auto companies have rebounded, and SAIC's decline is generally higher than that of other auto companies. According to the data, production and sales in December were 664300 and 746600 respectively, up 8.62% and 7% respectively over the same period last year; the cumulative production and sales volume for the whole year reached 5.4642 million and 5.6005 million vehicles, down 11.18% and 10.22% respectively from the same period last year.

In terms of specific brands, SAIC Volkswagen still has the largest decline in sales under the brand, and its current monthly sales are still far behind SAIC GM and SAIC Wuling, of which SAIC Wuling has become the highest-selling car company under the group. SAIC-Volkswagen's current sales performance, as a "profit cow" of SAIC Group, is worrying.

However, among the subsidiaries of SAIC Group, SAIC-Volkswagen, SAIC-GM, SAIC-GM Wuling and SAIC passenger cars are all in varying degrees of decline, with double-digit declines. In particular, SAIC-Volkswagen's performance is significantly lower than the market level, which also led to the group facing huge operational challenges.

Dongfeng Motor: strong merchants take advantage of the weak (2.87 million)

Sales of Dongfeng Group, which is second only to SAIC, also declined slightly in 2020. In December, new car sales totaled 342600, up 20% from the same period last year; the cumulative sales for the whole year reached 2.868 million, down 2.17% from the same period last year. Compared with SAIC, Dongfeng Motor can be said to perform much better. But it is worth noting that sales can be significantly better than other car companies is also under the leadership of Dongfeng Automobile Commercial vehicles.

Judging from the performance of its passenger car market, only Dongfeng Honda achieved sales growth, up 6.28% from the same period last year, while Dongfeng Nissan, Dongfeng Qichen, Dongfeng Infiniti, DPCA and Dongfeng Liuqi all declined to varying degrees. The biggest decline is DPCA, down 55.74% from a year earlier, with annual sales of only 113500 vehicles.

However, for example, due to the epidemic in the first half of the year, the factories of Dongfeng Nissan and Dongfeng Honda were unable to open normally, and their sales fell sharply, but as the market recovered, the two automakers also followed suit. Dongfeng Nissan narrowed the decline to 3.46%. Because other brands are also worth celebrating.

GAC GROUP: dragged by "Liangtian" (2.04 million)

Although the performance of GAC GROUP's new energy models was particularly outstanding last year, as the volume of new energy vehicles is still small, it can not help the group to achieve a larger increase in sales. The real drivers of the group's sales are Guangzhou Auto Honda and Guangzhou Automobile Toyota, which account for 77% of the cumulative sales of the two car companies.

According to GAC GROUP's annual sales, a total of 2.044 million cars were sold, down 0.9 per cent from the same period last year. Among them, GAC Honda sold 808000 vehicles in 2020, an increase of 5.7 per cent over the same period last year. GAC Toyota's cumulative annual sales reached 765000 vehicles, up 12.2% from a year earlier. GAC MOTOR's cumulative sales for the whole year were 384600, down 7.95% from the same period last year.

Some people in the industry have positive expectations for GAC GROUP's future performance. With the landing of the new production capacity of the two fields (Honda and Toyota) and the continued promotion of stack purchases, Guangzhou Auto Honda and Guangzhou Auto Toyota are expected to maintain high growth, which will boost GAC GROUP.

Changan Automobile: the best performing car company (2 million)

Under the influence of the epidemic and stock competition in the car market this year, the sales of many car companies have not yet become regular, but Changan Automobile has become the only car company to achieve sales growth in the current disclosure of results, and you can imagine how it will perform. Thanks to the rising sales of its own brands and the stable market performance of Changan Ford. Changan Automobile sold 2.0036 million vehicles in the whole year, up 13.98 per cent from the same period last year.

Specifically, Changan independent system, Changan Ford and Changan Mazda brands all achieved year-on-year growth in 2020, among which the proportion of Changan Chinese brand models in Changan automobile sales is increasing year by year, accounting for 75% of the total sales in 2020. It can be seen that the impact on Changan Group is gradually expanding.

For this reason, while the independent plate ushered in great-leap-forward development, a number of main models of Changan Automobile collectively achieved growth in 2020, pushing the Changan brand to the next level.

Geely cars: outstanding high-end performance (1.32 million)

Geely, the leader of its own brand, also achieved a year-end sprint in December, up 19% from a year earlier. However, Geely's full-year sales are still in a slight downward trend, with sales falling 3 per cent year-on-year to 1.32 million vehicles.

Thanks to Geely's continuous launch of many new models in the second half of last year, including Xingrui, Haoyue and other models. At the same time, Geely's Lecker brand performance also gradually improved last year, in the domestic consumer market gradually younger environment, promoted the Lock brand sales, the total annual sales reached 175000 vehicles, an increase of 37.0% over the same period last year.

While announcing last year's sales, Geely also said it had exceeded its annual sales of 1.32 million vehicles this year and set a target of 1.53 million vehicles in 2021, up 16% from a year earlier.

In addition, Geely will launch a new SUV and a car based on the CMA architecture this year, as well as several revamped models, including the new Dihao and the new Boyue.

BYD: new Energy Market rebounds (430000 vehicles)

From the monthly sales data, BYD's sales performance is bright enough, but in terms of annual sales, affected by the epidemic and the car market, BYD's new energy sector sales fell for six months in a row. A total of 426972 vehicles were sold for the whole year, down 7.46% from the same period last year.

Specifically, BYD's sales of new energy vehicles in December 2020 were 28841, up 120.177% from a year earlier, the biggest increase of the year. However, even new energy vehicles, which were singing in the second half of the year, fell by 17.35 per cent in 2020 due to market policies and epidemics in the first half of the year, with cumulative sales of 189689 vehicles.

While BYD's new energy vehicle sales grew, fuel vehicle sales fell, falling 8.64% in December from a year earlier, but accumulated sales rose 2.32% in the first half of the year due to continued hot sales of fuel vehicles in the first half of the year.

In the long run, new energy is still the dominant business of BYD, and if the new energy subsidy is completed, BYD's new energy business may be hit.

On the whole, the market has gradually recovered under the control of the epidemic this year, resulting in a rebound in the market for many months in a row, and the vast majority of car companies have rebounded. However, from the perspective of annual sales, almost all car companies are unable to achieve growth this year, and only individual car companies can go against the trend, which also reflects the serious differentiation of the current domestic market.

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