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Five joint venture car companies fell after annual sales list was released.

2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)01/12 Report--

According to retail sales data released by the Federation of passengers, retail sales of narrow passenger cars totaled 20.146 million in 2021, an increase of 4.4 per cent over the same period last year. Of this total, sales in December 2021 were 2.105 million, down 7.9 per cent from a year earlier and up 15.9 per cent from a month earlier. The Federation said that sales in some regions had been hit by the variants and spread of the epidemic at the end of the year, but with the start of the wave of returning to their hometown before the Spring Festival, retail sales in the overall car market improved significantly in December.

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According to the retail sales data of car companies in 2021, eight car companies in the top 15 list achieved growth, seven car companies declined, and the number of rising companies was slightly higher than that of declining ones. From the perspective of brand attributes, most of the declines come from joint venture brands, such as FAW-Volkswagen, SAIC-Volkswagen, SAIC-GM, Dongfeng Nissan and so on.

Specifically, there are six car companies selling more than one million vehicles in 2021, namely, FAW-Volkswagen, SAIC-Volkswagen, SAIC-GM, Geely Automobile, Dongfeng Nissan and Changan Automobile. Among them, FAW-Volkswagen sold 1.7784 million vehicles for the whole year, leading a group of car companies, but the 15.7% year-on-year decline was the highest among million car companies and the highest among the top 15 list, followed by SAIC GM. Cumulative sales in 2021 fell 9.2 per cent year-on-year to 1.2773 million vehicles, while SAIC-Volkswagen and Dongfeng Nissan fell 7.1 per cent and 6.4 per cent respectively, while Geely, the two independent car companies with annual sales of 1m vehicles, fell slightly by 2.8 per cent, while Changan Automobile grew 18.5 per cent.

In addition to Geely and Changan, SAIC GM Wuling, Great Wall Motor, BYD Motor and Chery Motor also squeezed into the list, and achieved considerable growth. Data show that SAIC GM Wuling sold 966900 vehicles in 2021, an increase of 18.2% over the same period last year. Hongguang MINIEV is the main source of sales, with 395500 vehicles sold in 2021, an increase of 250.7% over the same period last year, second only to Xuanyi and Lang Yi in the car market, accounting for 41% of SAIC GM Wuling's total sales.

The cumulative sales of Great Wall cars in 2021 was 948800, an increase of 13.4% over the same period last year. At the Shanghai Auto Show in 2021, Great Wall officially became an independent high-end brand of tanks, with a total sales of 84600 tanks for the whole year, making it another best-selling model under Great Wall Motor. At the Guangzhou Auto Show in 2021, Great Wall unveiled a new high-end brand, and the first model of Sharon, Machine Jialong, was officially launched. the new car is located as a pure electric coupe with an official suggested retail price of 488000 yuan. Salon Automobile said that it will become the first luxury pure electricity brand in China with 40-800000 yuan in the future.

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BYD Automotive has the largest growth rate on the list, and this is the first time it has made it into the annual list. Data show that BYD's cumulative car sales in 2021 were 723700, up 73.5 per cent from the same period last year. At present, new energy has become a sharp weapon for its continued growth. Relying on the release of blade batteries, DM-i hybrid systems and Dongfeng of the domestic new energy market, its sales have reached record highs for several consecutive months since June this year, with a total sales of 584000 new energy vehicles for the whole year, of which 81 per cent are passenger vehicles.

As for Chery, cumulative annual sales rose 16.3 per cent year-on-year to 599200 vehicles, much faster than other car companies. In terms of specific models, Chery mainly relies on Ruihu 8, Ai Ruize 5, Ruihu 5x and other models, especially Ruihu 8, with a total sales of 120700 vehicles in the whole year.

Let's take a look at Japanese brands. Among the five Japanese car companies, only Toyota joint venture has achieved sales growth, of which FAW Toyota increased by 7.5% to 846300 vehicles, Guangzhou Auto Toyota increased by 10.5% to 840400 vehicles, and other Japanese car companies all declined. among them, Dongfeng Nissan fell the most by 6.3%. In addition to the epidemic and parts supply, the new generation of Qijun with three cylinders led to a sharp decline in sales. It is also the main reason for the collapse of Dongfeng's daily production and sales. Sales of Qijun fell to 2808 in December, a new low for the year, according to the data. In addition, Guangzhou Auto Honda and Dongfeng Honda did not perform so well, falling 4.5 per cent and 3.3 per cent respectively, while Accord and Civic both declined, especially Civic, which fell 31.7 per cent to 166100 vehicles.

Luxury brand brilliance BMW entered the list, with sales of 651200 vehicles in 2021, an increase of 3.2 per cent year-on-year. According to the available news, BMW once again won the annual sales of luxury brands, ahead of Mercedes-Benz, Audi and other brands.

Judging from the monthly sales in December, the performance of the major car companies was also not optimistic, including FAW-Volkswagen down 34.9%, Dongfeng Nissan down 20.9%, SAIC GM down 36.5%, Dongfeng Honda and Guangzhou Auto Honda both fell by double digits. It is not difficult to see that due to the resurgence of the epidemic and the impact of spare parts supply, the performance of the automobile market is still variable in a short period of time. However, as the Spring Festival travel season is approaching, it may stimulate market consumption and drive the performance of the automobile market this month.

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