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2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >
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AutoBeta(AutoBeta.net)05/17 Report--
Due to the reduction of market demand and the implementation of national six models in some areas, the inventory pressure of dealers is greater. The wholesale volume of passenger cars continued to decline in April. According to the association, sales of narrow passenger cars in China were 1.55 million in April 2019, down 17.4% from a year earlier and 1.877 million in the same period last year. All three major market segments fell more sharply in March, with the MPV market falling the most, down 31.5% from last year and more than 90, 000 new cars in April. In addition, the cumulative sales performance in the first four months is not optimistic. From January to April 2019, cumulative wholesale sales of narrow passenger cars were 6.706 million, down 14.9% from a year earlier, compared with 7.877 million in the same period last year.
The overall automobile market continues to decline, making the highly competitive passenger car market even more volatile. Of the nearly 80 passenger car companies compiled by the association, more than 70% of the companies' sales fell in April from a year earlier, with the largest declines in the United States and South Korea. Japanese car growth is off to a good start in the second quarter. Take a look at the pre-TOP15 of passenger car sales: most of the figures are downtrend, while SAIC GM Wuling is not in the top 10.
FAW-Volkswagen, SAIC-Volkswagen, SAIC-GM, Geely Automobile and Dongfeng Nissan are still in the top five, but the specific sales figures are not optimistic. As can be seen from the data in the above table, except that FAW-Volkswagen sales fell slightly by 0.3% year-on-year in April, the rest fell by double digits year-on-year. Ranking 10-12 SAIC passenger cars, Beijing Hyundai and SAIC GM Wuling not only lost the top 10 in monthly sales, but also showed a downward trend in cumulative sales in the first few months of this year. Among them, SAIC GM Wuling's decline is very rapid. SAIC GM Wuling sold only 48736 new cars in April, down 52.4 per cent from a year earlier, according to data. This performance not only made it fall directly out of the top 10 of the list, but even became the company with the biggest decline.
In addition, independent brands represented by Great Wall Motor and Chery Motor; Japanese joint ventures represented by Guangzhou Automobile Honda, FAW Toyota and Dongfeng Honda; luxury joint venture brands represented by brilliance BMW and Beijing Mercedes-Benz became rare brands with increasing sales in the market in April. The performance shows an increasing trend. Of the seven companies, three Japanese companies maintained double-digit growth. Although Great Wall's year-on-year growth rate is only 2.8%, it is already very good in the downturn of the market.
Independent car companies: Geely fell 19.3%, only 5 companies bucked the trend
Specific to the self-brand passenger car TOP15, there are few companies to achieve sales growth. As shown in the table above, five companies, including Great Wall Motor, Chery Automobile, FAW car, Huatai Motor and Jiangling Motor, bucked the trend in April. As an independent car company, among the top 10 passenger cars and bet on SUV, Great Wall sold 70739 new cars in April, up 2.5% from a year earlier, and this year achieved four months of year-on-year growth; cumulative sales from January to April reached 318085, an increase of 8.3% over the same period last year. Chery's sales continued to grow in April, with monthly sales of 44302 vehicles, up 11.8 per cent from a year earlier. Geely's decline in sales partly reflects the cold winter of the car market, but that doesn't rule out Geely's intention to restrict shipments. After all, Geely dealers face high inventory pressure.
Joint venture car company: the Japanese system leads the rise, the situation of the United States / South Korea / legal system is not optimistic
The overall performance of the joint venture car company was slightly better than that of its own brands in April. Six companies have achieved sales growth this month, of which four are Japanese automakers, the other two are brilliance BMW and Beijing Mercedes-Benz.
Since the beginning of this year, Japanese automakers have accumulated a lot of momentum and sales have been climbing. Both Toyota and Honda's joint ventures in China achieved good market performance in April. Among them, FAW Toyota had the highest growth rate, rising 42.7% to 65757 vehicles in April compared with the same period last year. Guangzhou Auto Honda's growth rate was 34.1% lower than FAW Toyota, but it was higher in sales rankings, ranking fifth with 69814 units sold in April. Dongfeng Honda ranked seventh in April and achieved double-digit growth in April. Guangzhou Auto Toyota is relatively poor, with sales of 43200 vehicles in April, up 0.4% from a year earlier, but its cumulative growth rate is still 32.9%.
Compared with the recent Japanese car sales figures, the performance of the two German joint ventures is slightly sluggish. FAW-Volkswagen and SAIC-Volkswagen are still in the top two in terms of sales data, but sales growth has declined, while SAIC-Volkswagen has fallen by 10.5%. In the face of such data, it is not difficult to understand why the two companies began to pay attention to their employees and launched amazing internal employee purchase prices.
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