According to the latest statistics from the Passenger Car Association, the retail sales of the passenger car market in June 2022 reached 1.943 million units, a year-on-year increase of 22.6% and a month-on-month increase of 43.5%. The month-on-month retail sales growth rate in June was at a historical high for the same period in the past six years. In the monthly sales ranking, Tesla entered the top ten for the first time, and Changan Ford ranked among the top 20 again after April, showing an obvious revival trend.
In June, 16 of the top 20 manufacturers in monthly sales achieved positive growth. Tesla China increased by 177% year-on-year. Not only did it have the highest growth rate, but its monthly retail sales ranked among the top ten. SAIC, which is at the center of this epidemic storm Volkswagen achieved positive growth and recovered quickly, but SAIC-GM and SAIC Passenger Cars still experienced negative growth of 21% and 22.6% respectively, almost falling out of the top ten and top 20.
It is understood that the measures to stabilize production and supply in June gradually showed results. The production capacity and demand stagnated due to the epidemic in April and May began to be released in June, and some local consumption subsidies expired at the end of June. In June, car market promotions were further intensified, and mainstream car companies added additional preferential activities. In particular, the effect of the halving car purchase tax policy was more prominent in June, the early stage of the policy launch. The latest data from the State Administration of Taxation shows that in the first month of the implementation of the policy, a total of 7.1 billion yuan in vehicle purchase taxes were reduced across the country, and the tax on 1.097 million vehicles was reduced.
Changan Ford's year-on-year growth in June was 30.3%, and it once again entered the top 20 monthly retail sales after April this year. Its new generation Mondeo 6 retail sales reached 6,412 units, which is the model with the largest retail sales among its Lincoln and Ford brands. , almost three times the monthly sales of Mondeo in the same period last year, gradually becoming the pillar of Changan Ford's revival. The new-generation Focus also grew by 143.3% year-on-year. The return of these two cars to normal market performance will promote Changan Ford's continued revival.
The independent brand market performed strongly in June. BYD ranked second in retail sales, with a year-on-year growth of 171.6%, second only to Tesla. Changan Automobile , Chery Automobile, GAC Trumpchi all experienced year-on-year growth of more than 30%. , the sales volume of Chery QQ Ice Cream and eQ electric vehicles reached more than 20,000 units, accounting for more than 1/3 of the retail sales of and Chery that month.
The Passenger Car Association pointed out that autonomous vehicles have achieved significant growth in the new energy market, and leading companies have performed well. The brand shares of traditional car companies such as BYD Auto, Changan Automobile, Geely Automobile and Chery Automobile have significantly increased. Recently, China's new energy vehicle market has shown explosive growth. The market performance of pure electric vehicles is very strong, especially A00 electric vehicles, which are a purely incremental market. The strength of new energy in June has brought huge incremental contributions.
The Passenger Car Association predicts that the effect of the policy in stimulating consumption in July will weaken compared with the initial period. Coupled with the off-season market in July, the year-on-year growth rate in July will slow down compared with June. The policy effectiveness should be further reflected in the later period of policy implementation starting at the end of September. With the expiration of some local incentive policies, the transaction prices of models under high cost pressure have stabilized, and may enter the promotion contraction period around September as usual. The continued high sales volume before the withdrawal of the policy will further reduce the promotion intensity, so July is the month The best time to buy a car.
