grows "3%" or "5%" has become a barometer for measuring the domestic auto market market this year. In the first three quarters of this year, with a strong rebound from June to September, China Automobile Manufacturers Association (hereinafter referred to as "China Automobile Manufacturers Association") re-redirected the annual growth rate forecast to "5%. On October 11, the China Association of Automobile Manufacturers released data showing that in the first three quarters of this year, the growth rate increased by 2.7 percentage points from the previous eight months. In the first half of this year, due to external factors, the domestic auto market declined, and the China Association of Automobile Manufacturers lowered its annual sales growth expectations to 3%. As the country launches a "combination punch" of favorable policies, the auto market continues to recover in the second half of the year. Based on this, the China Association of Automobile Manufacturers believes that under the continuous effect of policies to stabilize the economy and promote consumption, automobile production and sales will continue to maintain rapid growth in the fourth quarter, and the auto market can reach the growth target of 5% this year.
New energy vehicles contribute more than 20%
The domestic auto market continues to run wildly. Data shows that in the first three quarters of this year, production and sales volume reached 2.672 million and 2.61 million respectively, an increase of 11.5% and 9.5% month-on-month and 28.1% and 25.7% year-on-year respectively. The growth rate increased by 2.6 and 2.7 percentage points respectively compared with the first eight months.
Among them, the production and sales of passenger cars were 17.206 million and 16.986 million respectively, an increase of 17.2% and 14.2% year-on-year respectively. Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers, said: "The passenger car market has stabilized and increased under the guidance of policies such as halving the purchase tax and halving, maintaining a rapid recovery state, which has driven the overall growth rate of the automobile market to further expand." In the passenger car sector, the sales of independent brands have increased significantly. Data shows that in the first three quarters, the sales of independent brand passenger cars reached 8.163 million, an increase of 26.6% year-on-year, accounting for 48.1% of the total passenger car sales, and the shareholding ratio increased by 4.7 percentage points year-on-year.
It is worth mentioning that in the first three quarters of the auto market, new energy vehicles with sales contribution of more than 20% have become the biggest highlight. In the first three quarters, the domestic production and sales of new energy vehicles were 4.717 million and 4.567 million respectively, an increase of 1.2 times and 1.1 times year-on-year, with a market share of 23.5%. In addition, the sales of the top ten new energy vehicle sales in the first three quarters were 3.731 million vehicles, a year-on-year increase of 1.2 times, accounting for 81.7% of the total sales of new energy vehicle. Among the top ten companies in the sales of new energy, the cumulative sales of BYD exceed one million vehicles. Compared with the same period last year, the sales of new energy vehicles under various auto companies have increased to varying degrees, among which the sales growth rate of Geely Auto was the most significant, as high as 383.9%.
Chen Shihua said that with the support of policies such as stabilizing the economy and promoting consumption, domestic new energy vehicles and automobile exports will continue the current good development momentum in the fourth quarter of this year.
6-September engine
Due to external factors, the production and sales of the auto market suffered a major impact in the first half of this year.
Starting from mid-to-late March this year, domestic auto market sales declined and fell for four consecutive months. Among them, the auto market lost about one million sales in March-May. Against this background, the positive growth of 4.4% in the first three quarters of this year is inseparable from the strong rebound from June to September.
data shows that in June this year, domestic automobile sales reached 2.502 million units, a month-on-month increase of 34.4% and a year-on-year increase of 23.8%; in July, sales were 2.42 million units, a year-on-year increase of 29.7%; in August, sales were 2.383 million units, a year-on-year increase of 32.1%; in September, sales increased to 2.61 million units, a month-on-month increase of 9.5% and a year-on-year increase of 25.7%. According to statistics, domestic automobile sales from June to September this year reached 9.915 million, accounting for more than 50% of the total sales in the first three quarters.
htmlThe auto market rebounded strongly from June to September, on the one hand, it came from the "self-repair" of the auto market, and on the other hand, it came from many favorable policies. Since mid-to-late May this year, the State Council Executive Meeting has successively released a series of measures to promote consumption and stabilize growth, among which the purchase tax halving policy has greatly stimulated market vitality. On May 31 this year, the Ministry of Finance and the State Administration of Taxation issued the "Announcement on Reducing the Purchase Tax for Some Passenger Vehicles" proposed that in order to promote automobile consumption and support the development of the automobile industry, the vehicle purchase tax will be levied at half the purchase date for passenger cars with a displacement of 2.0 liters and below whose bicycle price (excluding value-added tax) is not exceeding 300,000 yuan from June 1 to December 31 this year. Driven by positive policies, the domestic auto market began to warm up in June.Data released by the State Administration of Taxation shows that from June to August this year, about 3.553 million vehicles across the country enjoyed the policy of reducing vehicle purchase tax, with a cumulative reduction of vehicle purchase tax of 23.04 billion yuan, and an average daily reduction of 250 million yuan. In September this year, the domestic auto market continued to perform well. Among them, the sales volume of traditional fuel vehicles was 1.453 million, an increase of 12.2% year-on-year.Chen Shihua said: "In the third quarter of this year, the monthly production and sales of automobiles grew rapidly, and the overall trend was 'off-season was not slow, and the peak season returned', driving the industry to stabilize and rebound. Purchase tax incentives and other consumption policies to promote continue to make efforts, passenger car sales have returned to normal, and show a rapid growth trend."
"suspended the tail" in the fourth quarter to close
0 nearly 10 million vehicles from June to September, which made the China Association of Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Automobile Auto
At the beginning of this year, the China Association of Automobile Manufacturers predicted that the sales volume of the automobile market this year will reach 27.5 million vehicles, a year-on-year increase of 5%. Among them, passenger cars will grow by 7% year-on-year. At the same time, the sales volume of new energy vehicle market is expected to reach 5 million vehicles, a year-on-year increase of 42%. However, the situation of production and sales in the first half of this year decreased by 3.7% and 6.6% year-on-year respectively, which allowed the China Association of Automobile Manufacturers to lower sales expectations to 27 million vehicles for the whole year, an increase of about 3% year-on-year.
However, with the release of sales in the first three quarters, the sales growth of China Association of Automobile Manufacturers is expected to be locked back to 5%. Xu Haidong, deputy chief engineer of the China Association of Automobile Manufacturers, said: "The year-on-year growth in the first three quarters has reached 4.4%. It is expected that sales will not decline in the next three months. The auto market can reach a 5% growth target this year."
According to the data given by the China Association of Automobile Manufacturers, the domestic auto market sales in the fourth quarter of this year reached 8.03 million vehicles, which can meet the annual expectation of 27.5 million vehicles. It is understood that the purchase tax halving policy that will expire at the end of this year will further stimulate the increase in the auto market in the fourth quarter. According to the policy regulations, the policy of halving the passenger car purchase tax will expire at the end of this year. "If the policy does not continue, the domestic auto market will experience a 'tail' growth in the fourth quarter of this year. Because consumers will seize the policy dividend tail and speed up car purchases, and companies will also speed up supply speed." Chen Shihua believes.
Faced with the incremental space in the fourth quarter, car companies and dealers began to speed up replenishing inventory to meet purchasing demand. Data released by the Joint Conference on Passenger Car Market Information (hereinafter referred to as the "Enterprise Car Association") shows that the domestic auto market has accumulated nearly 170,000 vehicles in the first nine months of this year, of which the inventory replenishment from May to September is relatively large. Among them, manufacturers' inventory increased by 60,000 units in September. Cui Dongshu, Secretary-General of the China Passenger Car Association, said that the growth volume of by manufacturers wholesale from May to September laid the foundation for strong retail growth at the end of the year.
Beijing Business Daily reporter Liu Yang Liu Xiaomeng
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-