From January to April, the production and sales of automobiles exceeded 9 million, and the market share of independent passenger vehicles was 60.7%

2024-05-13 07:16 Source: China Economic Network

In the first four months, China's automobile production and sales were 9.012 million and 9.079 million, up 7.9% and 10.2% year on year respectively. Liu Zheng said, "China's manufacturing enterprises continue to accelerate production, market demand continues to recover, and enterprises' confidence in recent market development is generally stable."

Among them, 4.664 million Chinese brand passenger cars were sold, up 26.7% year on year, with a market share of 60.7%. The China Automobile Association said that in just a few years, the market share of China's automobile and passenger vehicles has been pulled back and forth from 40% of the red line, and half of the country has been unable to hold the strength of Chinese brands.

After the "good start" in the first quarter, China's automobile market showed a rapid growth in April. On May 11, according to the data released by the China Automobile Association, the production and sales of domestic automobiles in April were 2.406 million and 2.359 million, up 12.8% and 9.3% year on year respectively, and down 10.5% and 12.5% month on month respectively.

Liu Zheng, director of the Industry Information Department of the China Automobile Association, said that in April, China's economic prosperity continued to expand, the three major indexes continued to remain in the expansion range, manufacturing enterprises continued to accelerate production, market demand continued to recover, and enterprises' confidence in recent market development was generally stable. China's automobile production and sales declined month on month, showing a rapid growth year on year, of which new energy vehicles and automobile exports continued to maintain a rapid growth year on year.

In the first four months, China's automobile production and sales were 9.012 million and 9.079 million, up 7.9% and 10.2% respectively year on year. The growth rate of output was 1.5 percentage points higher than that of the first quarter, and the growth rate of sales was 0.3 percentage points lower than that of the first quarter.

Specifically, in terms of passenger cars, the production and sales of 2048000 and 2.001 million vehicles were completed in April, down 9% and 10.5% month on month respectively, and up 15.2% and 10.5% year on year respectively. In the main categories of passenger cars, compared with the same period last year, SUV sales showed a double-digit growth, car sales increased slightly, and MPV and crossover passenger cars sales decreased to varying degrees.

From January to April, the production and sales of passenger cars were 7.658 million and 7.689 million, up 8.6% and 10.6% year on year respectively. Among them, the domestic sales volume of passenger cars was 6.15 million, up 5.9% year on year; The export of passenger cars was 1.539 million, up 34.8% year on year.

From the perspective of level, the sales of traditional fuel vehicles are still mainly concentrated in Level A. The cumulative sales from January to April are 2.78 million, up 3.2% year on year. On the other hand, the new energy passenger vehicles, except for A00, showed positive growth year on year, of which Class D saw the largest growth.

In the passenger car market, the market share of Chinese brands remains high. In April, the sales volume of Chinese brand passenger cars was 1.272 million, up 27.3% year on year, accounting for 63.5% of the total sales volume of passenger cars, 8.4 percentage points higher than the same period last year; From January to April, a total of 4.664 million vehicles were sold, with a year-on-year growth of 26.7% and a market share of 60.7%.

The China Automobile Association said that in just a few years, the market share of China's automobile and passenger vehicles has been pulled back and forth from 40% of the red line, and half of the country has been unable to hold the strength of Chinese brands. "In the first four months, the market share of Chinese brand passenger cars exceeded 60%, which is an achievement and the confidence of Chinese brands to continue to make progress."

As the share of self owned brands continues to rise, joint venture brands are under pressure. Among the major foreign brands, the sales volume of the five major brands in April decreased to varying degrees compared with the previous month; Compared with the same period of last year, the sales volume of Korean brands showed a double-digit growth, while the sales volume of other four major brands declined to varying degrees.

From January to April, the sales of the top ten enterprise groups in terms of automobile sales totaled 7.707 million, up 11% year on year, accounting for 84.9% of the total automobile sales, 0.5 percentage point higher than the same period last year. Among them, the sales volume of the first three companies reached 3.09 million, up 6% year on year, and the market share reached 34%.

In terms of automobile exports, the cumulative number from January to April reached 1.827 million, up 33.4% year on year. By model, 1.539 million passenger cars were exported, up 34.8% year on year; The export of commercial vehicles was 288000, up 26.5% year on year. Among the top ten automobile export enterprises, BYD exported 140000 vehicles in terms of growth, up 1.4 times year-on-year; Great Wall exported 129000 vehicles, up 74.7% year on year; Geely exported 154000 vehicles, up 64.4% year on year.

Compared with the overall car market, new energy vehicles are more eye-catching. In April, the production and sales of new energy vehicles were 870000 and 850000, up 35.9% and 33.5% year on year, respectively, with a market share of 36%; From January to April, 2.985 million and 2.94 million vehicles were completed respectively, with year-on-year growth of 30.3% and 32.3% respectively, and the market share reached 32.4%.

From the perspective of sub drive, compared with last month, the production and sales of pure electric vehicles decreased slightly in April, and the production and sales of other two types of new energy vehicles increased to varying degrees; Compared with the same period last year, the production and sales of fuel cell vehicles declined, and the production and sales of other two categories of new energy vehicles increased to varying degrees.

Compared with traditional fuel vehicles, the export growth rate of new energy vehicles is slightly lower. Data shows that 421000 new energy vehicles were exported from January to April, up 20.8% year on year. Among them, 337000 pure electric vehicles were exported, up 4.5% year on year; The export of plug-in vehicles was 83000, up 2.7 times year on year.

"At present, the export growth rate of China's automobile market is faster than that of domestic sales, and the domestic automobile market needs to be further boosted." Liu Zheng said that he believed that with the implementation of the Detailed Rules for the Implementation of the Subsidy for the Trade in of Automobiles and the Notice on Adjusting the Relevant Policies of Auto Loans, the in-depth implementation of relevant policies, as well as the further increase of the pace of innovation of automobile manufacturers, and the continuous introduction of a large number of new models, It will help further stimulate the consumption potential of the automobile market and expand the domestic market demand. (Jiang Zhiwen, reporter of China Economic Network)

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