China's "first city" of auto sales: 145000 cars were sold in the first quarter, and Shanghai ranked third

According to the data of the Passenger Car Federation, the cumulative retail sales of the national passenger car market in the first quarter of 2024 will reach 4.829 million, up 13.1% year on year. By model, SUV is the best selling model, with a total of 2.405 million sold, up 20.2% year on year, and both sales volume and growth rate exceed cars (2.185 million,+7.9%); MPV (multi-purpose vehicle) fell 1.8% to 239000 vehicles year on year.

The self owned brand passenger cars continued to advance rapidly, with a cumulative share of 55%, 5.4 percentage points higher than the same period last year. BYD, Chang'an Automobile (self owned brand), Chery Group, Geely Automobile and Great Wall Motor all achieved growth, with sales volume of 626300, 588800, 529000, 475700 and 275000 respectively. The sales volume of Interworld increased by more than 600% year on year, leading the new force of car building; Ideal Auto delivered 80400 new cars, up 52.85% year on year.

From January to March, the sales volume of vehicles in 8 cities exceeded 100000. No. 8 Zhengzhou The sales volume is 101103, and the most popular models are Tesla Model Y, BYD Qin PLUS New Energy, Haiou, Song PLUS New Energy, Audi A6L, etc. Now, Zhengzhou is taking advantage of Zhengzhou BYD factory, Zhengzhou SAIC passenger car and other projects to build itself into an important new energy vehicle town, striving to produce more than 700000 vehicles this year.

Hangzhou The sales volume of 102368 vehicles ranked seventh. The Action Plan of Hangzhou City on Promoting the Trade in of Consumer Goods released on May 17 proposed that the sales of new energy vehicles this year should reach the provincial target level, and eligible car owners should receive a one-time subsidy of 10000 yuan.

Suzhou In the first quarter, car sales rose 33.58% year on year to 102823 vehicles. The local government is strengthening the construction of urban parking facilities. It is planned that by 2027, the ratio of new energy vehicles will reach 1.9:1, and the proportion of new energy vehicles in new car sales will reach more than 50%.

Chongqing It rose three places and ranked fifth, with a cumulative sales of 107700 vehicles. The top five models in terms of sales were Chang'an CS75, Interworld M7, Dark Blue S7, Qin PLUS New Energy, and Model Y. Since the launch of the new model in September last year, Interworld M7 has reached a total of 174000 vehicles, ranking first in the sales of single cars of new car makers in the first quarter.

Guangzhou It ranked fourth with 120600 vehicles sold. The most popular local model is GAC Aian AIONS, followed by Model Y, Interworld M7, Dongfeng Nissan Xuanyi and GAC Honda. It is worth mentioning that in the first quarter, the sales of automobiles in Guangdong Province reached 500000, leading Jiangsu (415000), Zhejiang (381000) and Shandong (341000), and continuing to rank first. In addition to Guangzhou, Shenzhen, Dongguan, Foshan and Zhongshan also rank among the top 50 cities in terms of automobile sales in China.

Shanghai The sales volume dropped by 5.9% year on year to 130994 vehicles, among which the sales volume of new energy vehicles dropped by 27.52% year on year to 45275 vehicles. The development of the local automobile industry is inseparable from the leadership of two landmark enterprises - SAIC Group and Tesla. Model Y, Golf, Lavida, Passat and Bora are the top five models in terms of sales, which is also expected.

Beijing It ranked second, with a year-on-year growth of 17.1% to 132700 vehicles. According to the Action Plan of Beijing Municipality on Actively Promoting Equipment Renewal and Consumer Goods Trade in at the end of April, we will focus on supporting car scrapping and renewal, and can get a subsidy of up to 10000 yuan. At the same time, we will continue to maintain the incentive policy for second-hand car distribution, and give 0.5% of the sales to enterprises with a sales volume of more than 5 million yuan.

Chengdu Leap to the first place, and sold 145000 cars in January to March. At the same time, it is also the city with the highest sales volume of new energy vehicles, reaching 55803 vehicles (a year-on-year increase of 47.02%), outnumbering Guangzhou (54200 vehicles) and Shenzhen (53987 vehicles). The top five models (Model Y, Interworld M7, Qin PLUS New Energy, Xingyue L, Song PLUS New Energy) are all new energy vehicles.

However, its new energy penetration rate is only 38.4%, and there is still much room for development. In addition, Chengdu has the largest number of cars in China, reaching 6.512 million by the end of last year. With the implementation of the trade in policy, it is expected to further activate the car sales market and improve the car sales.