Source: China Economic Network Chen Mengyu
In May 2022, my country imported 70,000 cars, a year-on-year decrease of 25.5%; from January to May, it imported 390,000 cars, a year-on-year decrease of 9.5%, and the decline expanded. Although the import volume has declined, the import value has continued to grow, indicating that the customs declaration price of my country's imported cars continues to increase. Data shows that the average customs declaration price of my country's imported cars in the first five months of this year has reached 405,700 yuan.
Wang Cun analysis: "The imported car market in May has not yet recovered due to the impact of the epidemic and chip shortage, and it is expected to perform well in June." It is worth noting that the sales of imported new energy vehicles in May increased by 2.3% year-on-year to 2,350 vehicles, becoming the highlight of imported cars, mainly driven by the 15.8% year-on-year growth of plug-in hybrid models.
Affected by the epidemic, my country's imported car market declined sharply in May as a whole. China Automobile Dealers Association data shows that in May 2022, my country imported 70,000 cars, a year-on-year decrease of 25.5%; from January to May, 390,000 cars were imported, a year-on-year decrease of 390,000. It fell 9.5%, and the decline expanded.
Source: China Automobile Dealers Association
At the same time, the amount of imported cars in my country continued to grow, reaching 158.22 billion yuan from January to April this year, a year-on-year increase of 5.7%. The import volume has declined but the import value has increased, indicating that the customs declaration unit price of imported cars in my country continues to increase. Data from
shows that the customs declaration unit price of imported cars in my country has been rising from 2015 to 2020, and exceeded the 400,000 yuan mark for the first time this year. The average customs declaration price in the first five months of this year was 405,700 yuan, continuing to maintain a growth trend. "Consumption upgrading, localization of low-priced products, and exchange rate depreciation are the main reasons for the rising customs declaration price of imported cars in my country," the Circulation Association said.
Source: China Automobile Dealers Association
From the perspective of market demand, the sales volume of imported cars has been relatively stable in recent years, basically maintaining the level of one million units before 2020. In 2020 and 2021, affected by the epidemic and chip shortage, the sales volume of imported cars was 99.7 respectively. million vehicles and 939,000 vehicles, down 10.2% and 6.1% year-on-year. From January to May this year, my countryās imported car sales were 296,000 units, a year-on-year decrease of 27.1%, with the decline in May expanding to 31.0%. Wang Cun, director of the Imported Car Committee of the China Automobile Dealers Association, analyzed: āThe imported car market in May was affected by the epidemic, The impact of the chip shortage has not yet recovered, and it is expected to perform well in June. "
sales have been hindered, resulting in an increase in the inventory time and inventory quantity of imported cars. As of May 2022, the depth of my country's imported car inventory has risen sharply to 5.1 months, and the purchase-sales gap has hit a record high; the inventory of imported cars is 94,000 units, the highest level in the past eight years, indicating that the inventory pressure in the entire chain of the imported car industry is relatively high. big.
Source: China Automobile Dealers Association
From the perspective of brand structure, sales of luxury and non-luxury imported cars in May fell by about 31% year-on-year, while super-luxury imported cars increased slightly by 1.02% year-on-year. Luxury cars accounted for more than 90% of the cumulative sales from January to May. Among them, Lexus, Mercedes-Benz and BMW occupied the top three. Among the top ten brands, only Toyota achieved a year-on-year growth of 6.45%. Lexus and Mercedes-Benz The sales of Volvo and Audi dropped by more than 40%.
In the first five months, the sales of all models declined. Among them, the year-on-year decline of sedans and SUVs accelerated, falling by 29.4% and 26.6% respectively. MPV fell the lowest, falling by only 2.78%.
In terms of displacement, the 1.5-2.0L displacement range accounts for 47.5%. Although it has declined compared to 2021, it still maintains the largest displacement range. The largest increase is the 2.5-3.0L displacement range. Year-on-year An increase of nearly 2%, and the trend of imported cars towards larger displacements is obvious. At the same time, the recovery of parallel import has also boosted the large displacement range to a certain extent. The proportion of the 3.0-4.0L displacement range has increased from 3.3% last year to the current 4%.
Source: China Automobile Dealers Association
It is worth noting that the sales of imported new energy vehicles in May increased by 2.3% year-on-year to 2,350 units, becoming the highlight of imported cars. The main driving factor was the 15.8% year-on-year growth of plug-in hybrid models. From January to May, the sales volume of imported new energy vehicles was 9,780 units, a year-on-year decrease of 7.6%, which was lower than the overall level of imported vehicles. (China Economic Net reporter Chen Mengyu)
