AutoBeta(AutoBeta.net)08/10 Report--

Retail sales of narrow passenger cars in July 2022 were 1.818 million, up 20.4 per cent from a year earlier and down 6.5 per cent from a month earlier, according to the Federation of passengers. Auto Industry concern believes that the year-on-year increase in retail sales in the narrow passenger car market in July is mainly due to the recovery of production capacity in the automobile industry, while the month-on-month decline is reflected in the obvious weakening of the policy of halving vehicle purchase tax. In addition, July belongs to the off-season of the traditional automobile industry.

According to the list, the top 10 car companies by sales in the first half of the year are BYD, FAW-Volkswagen, SAIC-Volkswagen, Changan Automobile, Geely Automobile, SAIC General Motors, Dongfeng Nissan, Guangzhou Auto Toyota, FAW Toyota and Great Wall Motor. On the whole, the performance of Chinese car companies was significantly better than that of joint ventures, of which BYD grew by 172.6% year on year, surpassing FAW-Volkswagen in retail sales, Changan Automobile by 31.2% and Geely by 18.7%. However, SAIC-Volkswagen, Dongfeng Nissan, FAW Toyota and other car companies have only single-digit year-on-year growth, of which SAIC GM is the only brand to decline. Retail sales fell 8.0 per cent in July from a year earlier to 92000 vehicles.

As the only car company on the list that sells new energy vehicles, improved supply and rising oil prices are expected to continue to drive market growth. Figures show that BYD retail sales of 159000 vehicles in July, an increase of 172.6% over the same period last year, reached an all-time high, surpassing FAW-Volkswagen to top retail sales. 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, Han and Dolphin are all in the top 10, of which 37784 are sold in Song (No. 1 in SUV), 33933 in Qin (No. 3 in sedan), 25270 in Han (No. 5 in sedan) and 20493 in Dolphin (No. 7). Over the past month, BYD began to speed up the international layout of passenger cars, following Japan, officially announced today to enter the Thai market development.

Changan, Geely, Great Wall and Chery all grew year-on-year, with Chery showing a relatively strong performance, rising 36.3% to 66632 in July compared with the same period last year. Ruihu 8 is the "carrying handle" of Chery, with sales of 10693 in July. In addition, Chery QQ ice cream and small ant two new energy vehicles also contributed a lot, with sales of 9381 and 10202 respectively, accounting for 45 per cent of Chery's total sales.

Although Great Wall made the top 10 list, it significantly underperformed other brands. Great Wall owns four passenger car brands, namely, Harvard, Euler, Wei Brand and Tank, whose sales source is Harvard, while Hover's sales pillar is H6. the model was sold in the same house for three generations and retail sales of 24374 units in July, which continued to be overtaken by BYD Song. In addition to the Harvard H6, Great Wall Motors sold more than 10,000 Harvard Dogs alone, or 10072.

FAW-Volkswagen clearly outperformed other joint venture brands, with retail sales rising 37.1 per cent to 154000 vehicles in July from a year earlier, while SAIC-Volkswagen rose 4.3 per cent to 120000 vehicles. As we all know, FAW-Volkswagen owns Jetta, Volkswagen and Audi brands, while SAIC-Volkswagen owns Skoda, Volkswagen and Audi brands. Although the performance of the "South" Volkswagen brand is better than the "North" Volkswagen brand, Skoda is not as good as Jetta, and "South" Audi is not as good as "North" Audi, which is the main reason why FAW-Volkswagen continues to beat SAIC-Volkswagen. In terms of specific models, SAIC-Volkswagen has launched the new Lingdu L and New Langyi during the year, with sales of 9316 and 30257 respectively, while FAW-Volkswagen has launched the new Suiteng and the new Bora, with sales of 17216 and 12409 respectively.

SAIC GM, one of SAIC's joint ventures, fell 8.0 per cent year-on-year to 92000 vehicles, making it the only brand on the list to decline. SAIC GM owns three major brands: Chevrolet, Buick and Cadillac, and the main source of sales is Buick. In July, Yinglong, GL8 and Weilang all sold more than 10,000 vehicles, of which Yinglong was 13546.

For Japanese car companies, Dongfeng Nissan rose 9.0 per cent year-on-year to 86000, Guangzhou Auto Toyota 15.6 per cent to 82000 and FAW Toyota 4.4 per cent to 76000. In addition, Guangzhou Auto Honda and Dongfeng Honda both fell out of the top 10, with Guangzhou Auto Honda up 9.9% year-on-year to 68000 vehicles and Dongfeng Honda up 41.4% to 65000 vehicles.

In addition, brilliance BMW once again squeezed into the top 15, with sales up 9.9% year-on-year to 58175 vehicles in July, higher than FAW Audi and Beijing Mercedes-Benz. The data show that BMW 3-Series sales are 14764, BMW 5-Series sales are 13582, BMW X3 is 8176, BMW X1 is 7250, and the latest domestic BMW X5 is 5031.

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.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat