AutoBeta(AutoBeta.net)06/11 Report--

According to the Federation of passengers, retail sales of passenger cars in May 2022 were 1.354 million, down 16.9% from a year earlier and up 29.7% from a month earlier. The cumulative retail sales of passenger cars from January to May in 2022 was 7.315 million, down 12.8 percent from the same period last year and 1.07 million from the same period last year, of which 860000 from April to May compared with the same period last year, which had a great impact on the entire car market. According to the concerned analysis of the automobile industry, the decline in passenger car sales from April to May is mainly due to sporadic epidemics and parts supply shortages, after a number of car companies were forced to stop production or cut production in April, resulting in the stagnation of auto parts production in April. The auto market as a whole has been badly hit. After entering May, the automobile market has improved compared with April, and automobile production and transportation have gradually recovered, but automobile consumption has not yet fully recovered, and the automobile market is still in a downward trend. However, in May, relevant departments introduced a series of combined punches to boost the automobile consumption market, such as purchase tax relief, new energy vehicles going to the countryside, gradually increasing the number of car increment indicators, relaxing the qualification restrictions for car buyers, and completely abolishing the relocation restrictions on used cars.

Or spurred by this, FAW-Volkswagen returned to the top of the list, but although its retail sales reached 150009 vehicles in May, it fell 10.6 per cent from a year earlier. According to the May list, among the top 15 car companies, BYD, Guangzhou Auto Toyota, Chery Automobile and GAC MOTOR (including GAC MOTOR, GAC Ean and Hechuang Automobile) all achieved year-on-year growth, of which BYD increased the most. Other car companies declined year on year, but most car companies' sales fell by less than 20%, only SAIC-Volkswagen and SAIC-GM nearly halved. The decline was more than 41.5% and 46.8% respectively, while that of Dongfeng Nissan was 37.3%.

(FAW Toyota is 62291 Toyota 11 is Guangzhou Auto Honda) data show that BYD's retail sales in May were 113768 vehicles, up 159.5% from a year earlier, ranking second on the list. Among the subdivided models, new energy vehicles have gained momentum since BYD announced that it would stop producing fuel vehicles, with sales of more than 10,000 products. In May, BYD Song sold 31977 vehicles, up 131.0% from the same period last year; BYD Qin sold 20753 vehicles, up 96.4% from the same period last year; and BYD Yuan PLUS sold 11500 vehicles. The auto industry is concerned that the main reason for BYD's growth is that BYD itself has a relatively perfect supply chain. BYD is both an automobile manufacturer and a battery supplier. Its self-developed and produced blade batteries avoid the problem of "sticking neck". Li Qian also pointed out on the CCTV financial "financial interview" program that BYD is still in short supply. At present, it owes more than 500000 market orders, and consumers have to wait four and a half months, or even six months, to buy BYD cars. If not for the impact of the epidemic, sales might be better.

In addition to BYD, among other independent brands, Chery also achieved year-on-year growth, with retail sales of 51684 vehicles in May, up 21.4% from a year earlier. The performance of several other independent brands remained in decline, with Geely down 14.5 per cent year-on-year to 73315, Changan down 17.5 per cent to 72688 and Great Wall down 10.6 per cent to 54186. The main reason is still affected by the epidemic and the supply chain. The improvement in the epidemic in May greatly improved the tension in the previous supply chain, and companies were able to return to work and return to production to increase production. Sales have picked up compared with April, but still not good enough.

Retail sales for joint venture brands and luxury brands are still declining, with SAIC-Volkswagen and SAIC-GM both nearly halving, down more than 40.0% and Dongfeng Nissan falling more than 30.0%. Specifically, SAIC-Volkswagen fell 41.5 per cent to 70003, SAIC GM fell 46.8 per cent to 65031 and Dongfeng Nissan fell 37.3 per cent to 55484. Luxury car brand brilliance BMW fell 19.9% from a year earlier to 51143 vehicles. According to the concern of the automobile industry, the epidemic situation across the country improved significantly in May, but Shanghai, as the hub of the national automobile industry, was officially unsealed in early June, so retail is still greatly affected by the epidemic.

Overall, only three car companies in the top 15 in May achieved year-on-year growth, while many others still showed a downward trend, but many car companies rose significantly in May compared with the previous month, albeit slightly more slowly. but the overall market is still moving in a good direction. Chen Shihua, deputy secretary general of the China Association of Automobile Manufacturers, has previously pointed out that the improvement in the epidemic has greatly improved the tension in the previous supply chain, and enterprises have been able to resume work and increase production, all of which are positive factors for sales growth in May. at present, most enterprises still have a large number of outstanding orders, and sales are expected to continue to grow in June. Cui Dongshu, secretary-general of the National passenger car Market Information Association, said that automobile production and retail sales improved greatly in May, and measures to stabilize production and supply gradually showed results. The shortage of imported parts affected by the epidemic has improved, and suppliers of domestic parts systems in the Yangtze River Delta region have gradually resumed basic supply, promoting the rapid recovery of national production in May.

At present, with the active introduction of stimulus policies in the car market, the car market has some signs of recovery. A number of industry insiders said that the introduction of policies to promote consumption has increased consumption fever, and as the core automobile supply chain resumes work and production, car companies are speeding up the recovery of production and accelerating the delivery of a large number of accumulated orders. Chen Shihua, deputy secretary general of the China Association of Automobile Manufacturers, judged that the policy of halving the purchase tax may drive vehicle sales this year to exceed 2 million yuan, and car consumption to more than 300 billion yuan, or even 350 billion yuan, plus the upstream and downstream of the industrial chain. the overall pull on automobile consumption this year will exceed 500 billion yuan. In addition, Cui Dongshu believes that the production and sales of passenger cars across the country will increase by more than 10% in June, and a hot close can be achieved in the first half of the year. From the point of view of the supply side, the supply will improve greatly in June. Shanghai is the core hub of the national automobile manufacturing and the core factor restricting the recovery of automobile production. At present, Shanghai has been unsealed, combined with domestic special relief measures for logistics and transportation congestion points, so the national automobile production capacity is expected to be fully released. At the same time, due to the early epidemic prevention policy in some areas, resulting in a large area of temporary closure of dealers, a sharp decline in passenger flow, is expected to significantly improve in June to boost sales.

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