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With the help of the traditional peak season of "Golden Nine and Silver Ten", not only the new car market maintained year-on-year growth in October, but also the used car market showed a relationship of "common prosperity" rather than diversion. Especially under the general trend of sales growth of luxury brands, replacement is more important. Compared with the previous month, the volume of cars increased by more than 3% month-on-month in October, the second consecutive month of growth, despite the increase in car supply, the preservation rate of second-hand luxury brands also increased in October.
2020 is hard for the whole new car market, since the outbreak of the novel coronavirus epidemic at the beginning of the year, the vast majority of car companies are in a state of negative growth. However, thanks to the improvement of the epidemic situation and the gradual recovery of the auto market, a number of car companies have also ushered in a pick-up in sales and become regular, and have a full grasp of the annual target.
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 strength of retail sales is mainly due to the effect of removing inventory from the five strong countries, and the inventory of the five countries determines the retail speed of clearing inventory.
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. However, the FIFA and Wilson issued a joint forecast report. In the report, the overall wholesale volume of the Chinese passenger car market is expected to be 1.54 million in July, a decrease of 1.7 per cent compared with July 2018. According to the joint report issued by the passenger Union and Wilson, the car market is expected to reach 8.
Last year, China's car market faced its first decline in 28 years, which has not been in the depths of winter until this year. Even in the face of the traditional "Golden Nine" market, the growth rate hit a record low. In September, retail sales of narrow passenger cars nationwide reached 1.781 million, down 6.5% from a year earlier and up 14% from the previous month, but the month-on-month growth rate was the lowest over the years. From January to September, cumulative sales were 14.782 million vehicles, down 8.6 per cent from a year earlier. In the face of this situation, Mao Shengyong, director of the National Economic Comprehensive Statistics Department of the National Bureau of Statistics, responded to the situation about lifting car purchase restrictions one after another at a press conference on the operation of the national economy in the first three quarters.
In June this year, the number of cars in the country reached 250 million, continuing to maintain a rapid growth rate of more than 9 percent. 250 million cars have accounted for 74.58 percent of the total number of motor vehicles, of which 198 million are private cars. Although the insured number of cars continues to grow, the number of cars sold in the first half of this year is estimated to be 12.42 million, down 1.39 million from the same period last year and 10.1 per cent lower than the same period last year. This is basically consistent with the domestic narrow passenger car sales data published by the Federation of passengers. In terms of car ownership in major cities, there were 66 cities with more than 1 million cars as of June, an increase over the same period last year.
Volvo sales in January
Coincides with the "Golden Nine Silver Ten" traditional sales season, so that the market in September continued the growth trend of the previous few months. Retail sales of passenger cars reached 1.91 million in September, up 7.3 per cent from September last year and the highest growth rate of about 8 per cent in nearly two years for three consecutive months, according to the Federation of passengers. Although September still maintained the trend of growth, and retail sales increased by 12.1% compared with August, this is not high compared with the average month-on-month growth rate of 15% over the past years. In terms of sales in the three major passenger car segments, car sales in September were 929000, an increase of 8.2% over the same period last year. 876000 SUVs.
After formally abolishing the national subsidy for new energy models in March, the delivery growth rate of pure electric models across the country slowed in April, while plug-in hybrid models remained robust. Electric vehicle sales rose 9.6 per cent last month from a year earlier to about 71000 units, according to the China Association of Automobile Manufacturers. This is the first time that the monthly growth rate of pure electric vehicle sales has fallen below 10 per cent since the government began subsidising the purchase of new energy models in 2009. Delivery of plug-in hybrid vehicles rose 51 per cent year-on-year to about 26000 in April. As of April, car sales across the country have increased.
In July, a number of car companies have announced their sales in the first half of the year. "Automotive Industry concern" summarizes the achievement of the annual targets of the 10 listed car companies that have announced sales. In terms of completion rate, the annual target completion rates of the 10 listed companies that have announced sales are all below 50%, including ideal Automobile, GAC GROUP,
June 5, China Automobile Circulation Association "China Automobile value retention rate Research report in May 2023". The report said that after the price of the new car market stabilized, confidence in the used car market gradually recovered. Among them, the supply of second-hand cars rebounded for two consecutive months, achieving year-on-year growth in May, but due to the higher base in the same period last year.
On April 9, the Federation released its latest sales report that retail sales in the passenger car market reached 1.752 million units in March 2021, up 67.2% from March 2020 and 0.2% from March 2019. Affected by the 2020 epidemic, it still maintained a large growth rate in March this year, but from a month-on-month point of view, the average growth rate over the past years is basically the same, which means that the market is back to a period of calm.
On May 11, the Federation of passengers released the production and sales data of China's passenger car market in April. According to the data, retail sales in the national passenger car market reached 1.429 million in March, down 5.6% from a year earlier. From January to April, retail sales in the national passenger car market totaled 4.445 million, down 32.7% from the same period last year. In terms of specific models, SUV rose 2.2% to 661000 in April, and cumulative sales fell 28.3% to 2.05 million from January to April. Car sales fell 9.4% to 693000, down 34.7% to 2.136 million in the previous April, and MPV sales fell 26.4%.
Retail sales in the domestic narrow passenger car market reached 1.742 million in May, up 28.6 per cent from a year earlier, and 7.3 per cent month-on-month sales of 7.632 million vehicles from January to May, up 4.2 per cent from a year earlier, according to retail data from the Federation of passengers. Among them, the sales of new energy passenger cars in the narrow sense in May were 58.0.
The situation of automobile production and sales improved in May 2020, with a year-on-year growth rate significantly higher than that of the previous month. According to the latest data released by the China Automobile Association, China's automobile production and sales reached 2.187 million and 2.194 million respectively in May, up 18.2% and 14.5% respectively over the same period last year. However, although the growth rate expanded in May, sales in February and March were so low that production and sales from January to May of this year were not satisfactory. According to the data, the cumulative production and sales of cars in China from January to May were 7.787 million and 7.957 million respectively, down 24.1% and 22.6% from the same period last year, but the rate of decline narrowed by 9.3% compared with January-April.
Sales of first-tier luxury brands are released in the first half of 2021. In terms of sales, BMW's cumulative sales in the first half of 2021 rose 21.9% to 467064 compared with the same period last year, making it the highest among BBA brands. Mercedes-Benz's cumulative sales in the first half of 2021 were 441579, up 27.6% from a year earlier, the lowest among BBA brands. Audi ranked third, with a year-on-year increase of 38.6% to 418188, lagging behind BMW-Benz but higher than Mercedes-Benz in terms of growth. BMW Group delivers 467064 BM... vehicles in China in the first half of 2021
On June 3, at the monthly situation analysis meeting of China Automobile Circulation Association, Jingzhen released the report on the preservation rate of automobile value in China in May 2019. In mid-2019, the automobile industry will usher in two deadlines, one is the switch of the sixth national emission standards from July 1, and the second is the transition period of subsidies for new energy vehicles on June 25. Fuel vehicles and new energy vehicles are both hot and cold, showing a trend of "plummeting" and "soaring" in prices. after switching the six standards, consumers are more inclined to buy national six models and national five models, while new energy models are expected to end the subsidy transition and will quickly raise prices. May.
On November 7th Geely released its latest sales figures for October. Data show that in October 2022, Geely car sales were 152263, up 36.44% from the same period last year and 16.65% month-on-month, while sales of new energy vehicles were 31070, up 337.54% from the same period last year.
"overcapacity" has always been a topic of concern in the automobile industry. Since 2018, China's automobile industry has faced greater pressure, suffering from the first decline in market sales, with annual sales of only 28.08 million vehicles, down 2.8% from the same period last year. In the same period, the capacity utilization rate of the automobile industry is also less than 70%. In addition, judging from the current economic indicators, the overall growth rate of the market slows down, the car market remains depressed and does not pick up, it is difficult for the market to return to the original growth level in the short term, and the problem of overcapacity will continue to intensify. Dongfeng Motor was founded in 1969 and is now one of the three major automobile enterprise groups in China, with a number of cooperative brands. Of course.
China is currently the largest producer and marketer of new energy vehicles in the world. By the end of 2018, the number of new energy vehicles in China has reached 2.61 million, accounting for 1.09% of the total. According to statistics, the number of new energy vehicles has increased by an average of 500000 per year in the past five years, showing a trend of accelerated growth. Although there is a very large upward trend in China every year, compared with new energy and new cars, the second-hand market of new energy is not so considerable. Even little or no second-hand car dealers have access to the used new energy vehicle market. Earlier, the China Circulation Association released a detailed data report to see that in the first two months, three-year-old new energy II.
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