Text: Understand the original Chedi Li Dezhe
On July 8, the Passenger Association announced the latest production and sales data of the national passenger car market in June this year. Overall, in June this year, the production of passenger cars (in the narrow sense, the same below) was 2.134 million, a year-on-year decrease of 2.8%; Retail and wholesale sales reached 1.767 million units and 2.169 million units, down 6.7% and 3.0% y/y, respectively. In the first half of this year, the cumulative output of passenger cars reached 11.589 million, a year-on-year increase of 5.3%; The cumulative retail and wholesale sales were 9.841 million and 11.751 million units, up 3.3% and 6.1% y/y, respectively.
In the first half of this year, the cumulative production of passenger cars reached 11.589 million units, a year-on-year increase of 5.3%
In the first half of this year, the cumulative retail and wholesale sales of passenger cars were 9.841 million and 11.751 million respectively, an increase of 3.3% and 6.1% year-on-year respectively
In the new energy market, the production of new energy passenger vehicles in June was 933,000 units, a year-on-year increase of 26.6%; Retail and wholesale sales were 856,000 and 982,000 respectively, an increase of more than 28% year-on-year. In the first half of this year, the cumulative retail production of new energy passenger vehicles was 4.581 million, a year-on-year increase of 28.9%; The cumulative retail and wholesale sales were 4.111 million and 4.620 million respectively, with a year-on-year growth rate of more than 3%.
In the first half of this year, the cumulative retail and wholesale sales of new energy passenger vehicles were 4.111 million and 4.62 million respectively
According to the analysis of the passenger association, the price war at the beginning of this year's auto market "started early", and the price reduction of nearly 20% of some new energy hot-selling models was "strong", and the time span from the Spring Festival in February to the end of April was "long", which temporarily inhibited the start of the spring auto market. At the same time, in the context of different taxes and different rights for oil and electricity, the gap between the high growth of new energy vehicles and the negative growth of fuel vehicles is becoming increasingly obvious. The Federation of Passenger Cars pointed out that the continued negative growth in retail sales in the second quarter was mainly due to the larger-than-expected downturn of fuel vehicles that fell by 25% year-on-year. In addition, if the data of the same period last year is used, the retail sales of passenger cars for the whole year are expected to exceed 22 million units this year.
BYD, FAW-Volkswagen, and Geely Automobile are among the top three in retail sales
Judging from the sales ranking of manufacturers in June, BYD, FAW-Volkswagen, and Geely Automobile ranked among the top three in retail sales. Among the top 10 companies, FAW-Volkswagen, Changan Automobile, SAIC Volkswagen, GAC Toyota, FAW Toyota, Tesla China and BMW Brilliance all posted negative growth. It is worth noting that from the perspective of wholesale sales in June, the sales of BYD and Chery, which ranked the top two, reached 340,000 and 192,000 respectively, and there is a large gap with retail sales.
The retail sales of the joint venture brand in June were only 480,000 units
According to the passenger association, in June this year, the retail sales of independent brands reached 1.03 million units, an increase of 10% year-on-year and 5% month-on-month. The domestic retail share of independent brands in the month was 58.5%, a year-on-year increase of 9.3 percentage points. Since the beginning of this year, the cumulative share of independent brands has reached 57%, an increase of 7 percentage points over the same period last year. In terms of retail sales of joint venture brands, there were only 480,000 units in June, a year-on-year decrease of 27%. Among them, the share of German cars fell to 18.6%; The share of Japanese cars fell to 14.3%; The share of U.S. automakers fell to 6.3%. During the same period, retail sales of luxury cars reached 250,000 units, down 17% year-on-year and up 4% month-on-month.
The Federation of Passenger Cars believes that the auto market will enter a period of recuperation in July
Looking ahead, the Federation believes that the auto market will enter a period of recuperation in July. The continuous enhancement of the sharp promotion in the first half of the year disrupted the normal price trend of the auto market, and the recovery of terminal prices will take a period of time to adapt, coupled with the consumption overdraft effect of the super strong promotion efforts in the second quarter on the consumption overdraft of car buyers in the second half of the year, the effect of exchanging price for volume in July may be weakened. Combined with the results of the first half of the year, car companies will also optimize and adjust market expectations, product structure and listing rhythm, or will enter a period of accumulation.