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For the end of the year 2020, a number of car companies have released annual new car production and sales reports. Affected by the shrinking market in the first half of this year and the impact of the COVID-19 epidemic, the annual sales of many car companies are on a downward trend, and only a few car companies rebounded strongly after the market recovered in the second half of the year.
The outbreak of the epidemic in the first half of the year disrupted the pace of operation, and a number of car companies reported a decline in sales in the first half of the year. In the second half of the year, some car companies began to adjust their targets according to the sales situation. It is understood that before, including the Great Wall, Guangzhou Automobile, Changan and other car companies lowered their sales targets for 2020, from the completion rate of the sales targets of the major car companies in the first half of the year, there is still great pressure to complete the annual sales task. In mid-March, Great Wall announced that it would lower its sales target for 2020, becoming the first car company to adjust its sales due to the impact of the epidemic. According to the latest 2020 limit released by Great Wall Motor.
As a number of domestic listed car companies have disclosed their sales performance for half a year, it means that the domestic automobile market has been shrouded in the novel coronavirus epidemic for half a year. As the epidemic has been gradually brought under control, the domestic car market has also recovered significantly. More than 80% of the car companies achieved growth in June, but no car companies achieved more than half of the sales in the first half of the year.
On the evening of August 6, Geely Motor and BYD Motor, the two major independent car companies in China, released their sales in July 2020. According to the released data, BYD: it became a regular car for the first time in July this year. In July this year, BYD car sales finally "became regular", changing the trend of continuous decline in the first half of the year. According to KuaiBao, BYD's reported sales, BYD sold 31 31382 vehicles in July, up 1.28% from a year earlier. Among them, new energy vehicle sales fell 8.85% to 15100, fuel vehicle sales increased by 12.93% to 16282, and cumulative car sales from January to July reached 19.
It is an indisputable fact that the sales volume of Chinese car companies declined collectively in the first quarter, and the main reason is that the concentrated suspension of production and sales led to a low sales volume in February, even though some car companies resumed production in factories and marketing operations of dealers in mid-February, but due to the continuing impact of the epidemic, it is difficult to stimulate consumers' enthusiasm for buying cars in a short period of time. Although terminal retail sales rebounded to March, there are still big obstacles. Judging from the sales data of BYD, Great Wall, Geely, BAIC New Energy and Jiangling Motor, sales picked up in March compared with February, but sales in the first quarter decreased significantly compared with the same period last year. 4...
Halfway through 2019, the domestic automobile market continued to show a sharp decline in the first half of this year due to the slowdown in economic growth and the continued decline in consumer demand, as well as the early implementation of the sixth national standard, Xinneng subsidy, double points and other policies. According to comprehensive passenger association information and related media reports, from January to June 2019, domestic narrow passenger car sales were 9.9542 million, a negative growth of 9.3% compared with the same period last year. In terms of sales, Volkswagen and GM are still the highest-selling automobile companies in China. At the same time, the performance of independent brands is generally mediocre, and the overall sales of Japanese car companies are on the rise. Among them, sales in the first half of 2019 are the best.
In 2023, Japanese car companies are still unable to reverse the sluggish sales in China. According to the sales list of Japanese manufacturers in March and the first quarter of 2023, no matter the monthly or quarterly sales, Toyota, Honda, Nissan and Mazda all sold in China compared with the same period last year.
According to the latest sales figures released by the Federation of passengers in July, sales in the domestic narrow passenger car market reached 1.485 million in July, down 5.0 per cent from a year earlier and 15.9 per cent from January to July, down 8.8 per cent from January to July. What is noteworthy is that in terms of car sales, sales reached 749000 in July, down 7.2% from a year earlier. X, cumulative sales from January to July were 5.71 million, down 8.3% from a year earlier. In terms of the top 10 models, the Volkswagen brand still occupies many seats, and Xinlangyi continues to rank first in car sales. In addition, Carola and Xuanyi were the second, respectively.
As major car companies have released sales figures for August, sales of Japanese brands, which rank third in the domestic market share, have all been released. Japanese brand sales are mainly concentrated in Toyota, Honda, Nissan and Mazda, which showed different trends in August. Toyota failed to continue its momentum of sustained growth in August, with sales falling for both the Mazda brand and Nissan and Honda. Toyota put an end to continued sales growth, with overall sales in China falling 3.8% year-on-year to 129200 vehicles in August, ending 18 consecutive months of sales growth. The main reason.
According to the top 15 Chinese brand passenger car sales list released by the China Automobile Association from January to November 2020, under the influence of the epidemic domestic market environment, the cumulative sales of most Chinese brands declined, and only four achieved year-on-year growth. Judging from the ranking from January to November, a number of autonomous car companies have declined to varying degrees. Sales of brands such as SAIC, BYD and Dongfeng Motor have all declined by more than double digits. Among the top 10 car companies, only Changan and FAW have achieved sales growth, with an increase of more than 20%. SAIC Group's independent plate is mainly composed of Roewe, Mingjue, Wuling, Baojun, Chase MAXUS and other brand groups.
The report card of passenger car sales in China finally came out in July, ending a 12-month decline in sales due to destocking in June, but the grim situation in the car market failed to improve in July and declined again. According to July passenger car production and sales data released by the Federation of passengers, sales of narrow passenger cars in July were about 1.4854 million, down 15.9 per cent from the previous month and 5 per cent from the same period last year. Wholesale sales of narrow passenger vehicles nationwide were 1.527 million, down 2.6 per cent from the same period last year. The trend of the downturn has not been reversed. The data also showed that retail sales fell 16 per cent year-on-year in the first four weeks of July, down sharply from 5 per cent in the first four weeks of June. ...
According to the latest sales figures released by the China Automobile Association, car sales in China in November were 2.457 million, down 3.6% from a year earlier, with cumulative sales of 23.11 million vehicles from January to November, a year-on-year total of 9.1%. Under the cold winter season of the car market, a total of 7.478 million Chinese brand passenger cars were sold from January to November, down 16.9 percent from the same period last year, accounting for 38.9 percent of the total passenger car sales, and the share decreased by 3.0 percentage points compared with the same period last year. According to the top 15 ranking of Chinese brand passenger car sales from January to November released by the Federation of passengers, a total of 12 Chinese brand car companies showed a year-on-year decline in sales, with only 3 cars.
According to the China Automobile Association, the production and sales of passenger cars in China completed 21.36 million and 21.444 million respectively in 2019, down 9.2% and 9.6% respectively from the same period last year. According to the major automobile department markets announced by the China Automobile Association, the market share of self-branded passenger cars still ranks first, but the market share has fallen below 40%. It turns out that 2018 is not the most difficult year for the car market. 2019 continues the downward trend of the car market, and a number of car companies have been weak in the past year. A total of 8.407 million Chinese brand passenger cars were sold in 2019, down 15.8% from a year earlier, accounting for passenger car sales.
As we all know, February is the critical period for the prevention and control of COVID-19 's epidemic situation, and the "anti-epidemic" measures and the continuous strengthening of prevention and control efforts in various places have led to the overall car market in a state of ice in February this year, causing irreparable losses to car sales. Even the country's two biggest autonomous car companies are not alone, with sales falling more than 70 per cent in February, according to sales figures released by Geely and Great Wall. Geely released its latest sales figures on March 9, which showed that Geely (including Geely, Lecker and Geometry) sold 21168 vehicles in February, down 75% from the same period last year.
All four major Japanese carmakers reported sales in China in February, with Toyota alone growing and the other three falling. It is worth noting that Toyota continues to be the leader of Japanese car companies, with sales higher than Honda and Nissan, while the decline in Mazda further widened. Some car companies have seen a decline in sales, as well as a low sales base, affected by the Spring Festival holiday and the overall car market downturn. In February, Toyota's overall sales in China were 80,000 vehicles, an increase of 3.3% compared with the same period last year. Toyota was the only Japanese car company to achieve proportional growth. At the same time, Toyota overtook Honda and Nissan for two consecutive months to become the Japanese new car sales in China.
The Federation of passengers recently released the ranking of passenger car manufacturers' sales in January. Affected by the Spring Festival and COVID-19, it brought a lot of reduction in passenger car sales across the country in January. Among them, sales of nearly six car companies in the top 15 fell by more than 20%.
According to the latest data from the Federation of passengers, retail sales of luxury cars in November were 210000, down 19% from a year earlier and up 17% from a month earlier, down from the same period last year. The decline in sales in the luxury car market was mainly due to insufficient supply of chips and raw materials. In terms of sales in the picture above, BBA still performed well in the luxury car market in November, with 6 of the 10 cars coming from BBA. Among them, the BMW 5-Series, which topped the list of high-end car sales in October, once again occupied the top position of high-end car sales in mid-November, with sales of 14385 vehicles, an increase of 3.2% compared with the same period last year.
With the arrival of September, major domestic car companies have successively announced their August sales results. According to the data recently released by KuaiBao, the passenger car market sales in August 2019 was 1.621 million, a year-on-year decline of 7.95 SUV and sedan. The narrow passenger car market sold a total of 13.097 million vehicles from January to August 2019, 12.0% higher than that of 14.892 million in the same period last year. Over the past year, the car market has been declining, and there is no sign of stabilizing and rebounding. The HKIFA pointed out that retail sales rose 5.4% in August from the previous month, the lowest on record. Of course, there are the five Qing dynasties in the second quarter.
Affected by the COVID-19 epidemic, domestic car companies experienced a "bleak and dark" moment in the first few months of 2020, when sales plummeted and their performance suffered a sharp setback. with the improvement of the epidemic situation and the gradual recovery of the automobile market, a number of car companies have also ushered in a recovery in sales. Judging from the July sales figures released by mainstream joint venture car companies, most of them have achieved positive monthly growth, with only SAIC and Volkswagen continuing to decline. SAIC-Volkswagen also became the car company with the biggest decline in sales among the leading joint venture car companies. SAIC-Volkswagen has been in a state of decline since 2020, even if the car market picks up and most car companies achieve year-on-year sales growth.
With the release of the passenger car sales report in August, the top 10 ranking of automakers has also been officially confirmed. Judging from the final list, the car companies in the top 10 remain unchanged, only slightly adjusted, while North and South Volkswagen and SAIC GM are still in the top three, Geely Changan two independent car companies continue to squeeze into the top 10, and the rest are occupied by five Japanese car companies. According to the CAC report, retail sales in the passenger car market reached 1.703 million in August, an increase of 8.9% over August last year, the strongest positive growth since May 2018, reflecting the rapid recovery of the industry. As a result, a number of car companies also achieved positive growth in August. It's worth noting.
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