"Affected by the epidemic, the production and sales of the automobile industry have fallen sharply." Xu Haidong, deputy chief engineer of China Association of Automobile Manufacturers (hereinafter referred to as "China Automobile Association"), said when introducing the latest auto market situation.
On the afternoon of March 12, the China Automobile Association released the latest production and sales data: From January to February 2020, the production and sales of automobiles were 2.048 million and 2.238 million, down 45.8% and 42.0% year-on-year, respectively, and the rate of decline expanded by more than 20% from the previous month. Among them, the automobile production and sales in February were 285,000 and 311,000, respectively, a decrease of 83.9% from the previous month, and a decrease of 79.8% and 79.1% from the same period last year. The
reporter noticed that among the 15 car company groups monitored by the China Automobile Association, only the FAW Group has shown positive sales growth in the past two months.
"On the production side, enterprises have low output levels due to slow resumption of work progress and parts supply; on the consumer side, product consumption has stagnated and market demand has been severely suppressed, which will have a major impact on the automobile market in the first half of the year." Xu Haidong told reporters. . Xu Haidong and other relevant persons in charge of the China Automobile Association also said that the decline in auto market sales in February bottomed out.
The overall decline in the auto market in 2020 may exceed the forecast at the beginning of the year. Shi Jianhua, deputy secretary-general of the China Automobile Association, said in an interview with a reporter from China Business News that to promote the steady development of the automobile industry, relevant policies and consumer environments need to be improved. For example, the quotas for restricted areas to increase supply and support the halving of the purchase tax on good products Wait.
February sales fell by 80%
From the market segment, passenger car sales in February were 224,000, a month-on-month decrease of 86.1% and a year-on-year decrease of 81.7%, which was higher than the overall decline in automobile production and sales. Sales from January to February were 1.831 million vehicles, a year-on-year decrease of 43.6%, and the rate of decline expanded 23% from the previous month. The
new energy vehicle market is also the hardest hit area in the decline in vehicle sales, with production and sales falling more than 70% month-on-month and year-on-year. According to data from the China Automobile Association, in February, the production and sales of new energy vehicles were 10,000 and 13,000, down 77.3% and 72.4% month-on-month, and 82.9% and 75.2% year-on-year. From January to February, the production and sales of new energy vehicles were 54,000 and 60,000 respectively, down 63.8% and 59.5% year-on-year, respectively, and the declines both expanded month-on-month. Z3z
is a little surprised that the February sales of Chinese brand passenger vehicles fell by 77.6% year-on-year to 118,000, but the market share increased by nearly 10 percentage points to 52.6%. Chen Shihua, deputy secretary-general of the China Automobile Association, told reporters: “In February, the market share of self-owned brand passenger vehicles increased, mainly because the number of self-owned brand car companies in Hubei Province, which was most affected by the epidemic, was not large; Brands are different from foreign brands in terms of production and operation strategies, and they do everything possible to promote the resumption of work and production of enterprises.”
However, Chen Shihua also said that in special periods, it is not possible to use monthly market data to judge future trends. Independent brands cannot be blindly optimistic. In the future, market competition will intensify, and the pressure on independent brands will still be far greater than foreign brands.
Overall, the market share of self-owned brands is still declining: From January to February, Chinese brand passenger vehicles sold 721,000 units, down 47% year-on-year, and market share was 39.4%, down 2.5 percentage points year-on-year. According to data provided by the China Automobile Association, among the top 15 enterprise groups in the sales of Chinese brand cars from January to February, only the FAW Group's sales increased by 15.8%, while the sales of SAIC, GAC, Changan, BAIC, BYD and other auto companies fell the lowest to 24.6% , Up to 55.5%.
From January to February, SAIC, FAW, Dongfeng, GAC, BAIC, Changan, Geely, Great Wall, Chery, and Brilliance, the top 10 automobile sales groups, sold 2.04 million vehicles in total, down 40.6% from the same period last year. In contrast, the sales of 10 companies all showed a rapid decline.
The auto market will return to normal in the third quarter.
Xu Haidong said that in accordance with the development of the epidemic, the auto market in February bottomed out.
"There will be a rebound in March." Chen Shihua told reporters that among the key enterprises monitored, the decline in sales in the first 10 days of March has significantly narrowed compared with February, and the decline is expected to be further narrowed in late March.
The China Automobile Association predicts that the auto market in 2020 will show a trend of low and high.
Xu Haidong said that affected by the epidemic, the auto market declined severely in the first quarter, and adjustments were accelerated in the second quarter. With the epidemic under control and consumer demand resumed, the auto market in the third quarterThe city will return to normal.
As of March 11, the resumption rate of 23 vehicle companies calculated by China Automobile Co., Ltd. exceeded 90%, and the employee return rate was 77%. Among them, Changan, Chery, Geely, Jianghuai, Brilliance, Sinotruk, Yutong, All 18 companies including Jinlong Shaanxi Automobile have resumed work.
Aiming at the overall volatility of the auto market, the China Automobile Association predicted at the beginning of the year that the growth rate of auto sales in 2020 will be negative 2%, but the sudden epidemic has made the auto market worse, and the overall decline may further increase. Z3z
National Riding Federation recently stated that if there is no strong stimulus policy at the national level, the negative growth rate of the auto market in 2020 may further increase to 8%.
Shi Jianhua told reporters that to promote the steady development of the automobile industry, it is necessary to improve related policies and the consumption environment, such as increasing the supply of restricted areas and supporting the halving of the purchase tax on products. According to the reporter’s understanding, the China Automobile Association has put forward a number of suggestions to the relevant departments in response to the policy of stimulating consumption, including: appropriately increasing the number plate quotas in the restricted areas, lifting the ban on the purchase of new energy vehicles; and incorporating personal vehicle purchase expenditures into personal income tax to additional deductions ; Adjust the purchase tax rate for small-emission passenger vehicles (less than 1.6L), and introduce policies to promote consumption by car going to the countryside; implement the National III emission vehicle replacement purchase tax reduction; increase auto finance support; increase the export value-added tax rebate rate of complete vehicles, Promote the import of complete vehicles; promote the circulation and consumption of second-hand vehicles.
