AutoBeta(AutoBeta.net)06/27 Report--

After 12 consecutive months of year-on-year decline, China's passenger car market has "bottomed out".

According to the latest passenger car sales data released by the Federation of passengers, the growth rate in the first three weeks of June is 3.3%, and the growth rate in the third week of June is slower than that in the second week. Retail sales of domestic passenger car manufacturers have rebounded, and sales have rebounded to the level of the same period last year, which is also slightly better than the same period last month.

At present, the market trend is still greatly affected by the implementation of the sixth national standard, and manufacturers strive to improve the self-rescue performance of retail. The retail strength is mainly due to the effect of removing inventory in the five strong countries, and the inventory of the five countries determines the retail speed of clearing inventory.

However, the Federation also said that the market recovery in the first half of the month was mainly stimulated by "Qingguo five inventory". Although the sales trend has improved, dealers have also suffered a lot of losses.

Starting from July 1, most of China's first-tier cities and cities will begin to implement the national six standards for automobiles, and cleaning up the inventory of national five models has become a top priority for many car companies and dealers. In order to clear the inventory of national five, the price of national five models has been cut unprecedentedly, and some models have even dropped as low as 33% discount of the guide price.

Therefore, under the temptation of lower prices, many consumers are still willing to buy national five models, after all, national five models can not be on the road after the implementation of national six. Therefore, driven by price, the sale of the last batch of national five models will lead to a rise in the entire car retail market, which must be one of the reasons why the car market rose in June this year.

According to specific data, the average daily retail sales of passenger cars in the first week of June (June 1-9) was 25000, down 24.1 per cent from a year earlier, while retail sales reached an average of 51000 in the second week, up 25.2 per cent from a year earlier. In the third week, retail sales reached an average of 55000 units a day, an 8.7% year-on-year growth rate.

The Federation's wholesale volume rebounded in June, but average daily shipments in the first three weeks of June were only 36128, down 22% from a year earlier. The Federation expects that the trend of wholesale sales will improve with the emptying of the inventory of the "National five" and the formal implementation of the "sixth" standard.

In the past two months, many car companies have launched national six models one after another, but generally speaking, the proportion of national six models is not high, and many hot-selling models have not yet launched national six models, which has put a lot of pressure on the dealer system.

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