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2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >
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AutoBeta(AutoBeta.net)07/10 Report--
According to data from the Federation of passengers, the cumulative sales of narrow passenger cars from January to June in 2022 were 9.261 million, down 7.2% from the same period last year, of which 1.944 million were sold in June, up 22.7% from the same period last year and 43.5% from the previous month. Auto Industry concern believes that the main reason for the increase in passenger car sales in June is the effective containment of the epidemic, the release of lagging production capacity and consumer demand, and the stimulation of the traditional fuel vehicle purchase tax halving policy. the domestic passenger car market is growing significantly. However, affected by the epidemic and the supply of spare parts, the domestic passenger car market fell by 7.2% in the first half of the year.
According to the list, the top 10 car companies by sales in the first half of the year are FAW-Volkswagen, BYD Automobile, Changan Automobile, SAIC Volkswagen, Geely Motor, SAIC General Motors, Guangzhou Automobile Toyota, Dongfeng Nissan, Great Wall Automobile and SAIC GM Wuling. Overall, Chinese auto companies performed slightly better than joint ventures in the first half of the year, with BYD up 168.0%, Changan Automobile and Geely all down less than 10%, while SAIC-Volkswagen, SAIC-GM, Dongfeng Nissan and other car companies all fell more than 20%. Among them, SAIC GM fell 33.1%, making it the biggest drop on the list.
The epidemic has dealt a huge blow to China's car market, but Chinese car companies have performed better than joint ventures, especially BYD. Data show that BYD sold a total of 638454 cars in the first half of the year, up 168.0 percent from the same period last year, of which 132553 were sold in June, up 171.6 percent from the same period last year, a record high for the month, continuing to maintain the second place of domestic car companies and the first place of Chinese car companies. Earlier, BYD announced on April 3 that it would stop production of fuel vehicles and focus on pure electric and plug-in hybrid vehicles, becoming the first traditional carmaker in the world to stop selling fuel vehicles. The move led to a sharp surge in sales of BYD New Energy in the second quarter. Data show that Song, Qin and Han all made it into the top 10 of the list, with cumulative sales of 162573 in Song (No. 1 in SUV), 146490 in Qin (No. 4 in sedan) and 96950 in Han (No. 10 in sedan).
In addition to BYD, Chery also achieved growth, with cumulative sales up 14.9% year-on-year to 301773 vehicles in the first half of the year, of which Ruihu 8 was "unbearable" of Chery, with cumulative sales of 51871 vehicles in the first half. In addition, Chery QQ ice cream and small ant two new energy vehicles also contributed a lot, with sales of 54097 and 45874 respectively in the first half of the year, accounting for 50.3% of Chery's total sales.
Changan, Geely and Great Wall all showed declines, with Great Wall Motor performing slightly poorly, with sales falling 17.5 per cent to 380893 units in the first half from a year earlier, especially in June, when it fell 3.4 per cent to 71616 vehicles from a year earlier. Tesla China overtook it and fell out of the top 10. As we all know, Great Wall owns four passenger car brands: Harvard, Euler, Wei Brand and Tank, of which the main source of sales is Harvard, and Hover's sales pillar is H6. The model is sold in the same house for three generations, with a cumulative sales volume of 123496 vehicles in the first half of the year, accounting for 32.4% of the total sales of Great Wall, ruining the SUV sales title that has been maintained for many years. In addition to the H6, 48819 tanks were sold in half a year, 42470 Harvard dogs and 31935 Euler cats.
Due to the impact of the epidemic in Shanghai and Tianjin, auto companies including FAW-Volkswagen, SAIC-Volkswagen, SAIC-GM, FAW-Toyota and Tesla China reduced or stopped production in the second quarter, resulting in a decline in sales. Among them, FAW-Volkswagen fell 15.9% in half a year. SAIC-Volkswagen fell 27.3%, FAW Toyota fell 12.0%, and SAIC General Motors fell as high as 33.1%, but as the epidemic prevention and control in Shanghai and Tianjin were contained. The production capacity of the above-mentioned car companies has been effectively released. In June, FAW-Volkswagen grew by 51.0% year-on-year, FAW Toyota by 42.9%, Tesla China by 177.0%, while SAIC GM alone declined, down 21.0% from the same period last year.
According to the trend over the years, generally speaking, the ratio of car market sales in the first half of this year to the second half of the year is about 45:55. However, due to the greater impact of the epidemic in the first half of this year, there will be a larger increase in the second half of this year driven by policies and the momentum of car companies, so this year the ratio may become 40:60. From the perspective of the overall market, although the car market will enter the off-season of traditional sales in July, under the stimulation of policies, the continued release of consumer demand can still achieve good growth.
On July 7, the Ministry of Commerce and other 17 ministries jointly issued the Circular on a number of measures to enliven the Automobile Circulation and expand Automobile consumption. The circular focuses on six major issues, such as the purchase and use of new energy vehicles, activating the used car market, promoting automobile renewal and consumption, supporting parallel import of cars, optimizing the use environment of cars, and enriching auto financial services. 12 specific policies and measures have been issued in view of the above six areas.
The measure makes it clear that it will support the purchase and use of new energy vehicles, prohibit all regions from setting up a local catalogue of new energy vehicle models, prevent regional protection, and enhance the circulation of new energy vehicles, and will continue to study the extension of the tax relief policy for the purchase of new energy vehicles. At the same time, we will actively promote new energy vehicles to the countryside and promote the consumption and use of new energy vehicles in rural areas.
Revitalizing the active second-hand car trading market is also one of the key points of this circular. The measures show that unreasonable restrictions on the distribution of used cars will be gradually lifted, and enterprises that register their residences and operating fields can carry out used car sales business. The notice also made it clear once again that the previously announced policy of abolishing restrictions on the movement of used cars will continue to implement and improve the relevant management regulations on the registration of used car transactions, aimed at transforming and upgrading the used car industry, making it bigger and stronger, and actively promoting the commercialization and scale of used cars.
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