On June 11, the Federation of passengers announced that retail sales in the national passenger car market in May were 1.
71 million, down 1.
9% from a year earlier and an increase of 11.
4% from a month earlier.
Retail sales have totaled 8.
073 million so far this year, up 5.
7 per cent from the same period last year.
Of this total, retail sales of conventional fuel vehicles in May were 910000, down 23 per cent from a year earlier, while those of conventional fuel vehicles were up 6 per cent from January to May, down 9 per cent from a year earlier.
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, the national economy operated smoothly in May, although it was affected by the factors such as the wrong month of holidays and the high base in the same period last year, but with the implementation of the national policy of “trade-in”, the enthusiasm of consumption stimulated by the Beijing auto show, the introduction and follow-up of corresponding policies and measures around the country, and the phased cooling of the price war of new products in the car market, the price repurchase policy further allayed the concerns of users.
The blockbuster product release of the head enterprise led to the stable expectation of product supply, and the consumption enthusiasm of the wait-and-see groups in the early market was stimulated.
In May, the national new energy passenger car market entered a relatively good stage of development.
The preferential policy for the purchase tax of new energy vehicles will eliminate entry-level models such as mini electric vehicles under 200 kilometers from June 1, so the factor of grabbing the brand before the withdrawal of the preferential policy for car purchase tax in May has also promoted the continuous increment of the new energy market.
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, 980000 Chinese brand retail vehicles in May, an increase of 12% over the same period last year and 12% month-on-month growth.
In that month, the domestic retail share of Chinese brands was 57.
6%, an increase of 7.
3% over the same period last year.
in 2024, the cumulative share of Chinese brands was 56%, an increase of 6.
6% over the same period last year.
In May, the wholesale market share of Chinese brands was 64%, an increase of 9.
2% over the same period last year.
Chinese brands gained a significant increase in the new energy market and export market.
The transformation and upgrading performance of traditional car companies in the head is excellent, and the brand share of traditional car companies such as BYD, Chery, Geely and Changan Automobile has increased significantly.
In May, retail sales of mainstream joint venture brands totaled 490000, down 21% from a year earlier and up 8% from a month earlier.
In May, the retail share of German brands was 18.
6%, down 2 percentage points from the same period last year, while the retail share of Japanese brands was 14.
8%, down 3.
2 percentage points from the same period last year.
The retail share of American brands reached 6.
7%, down 1.
4 percentage points from the same period last year.
Retail sales of luxury cars in May were 240000, down 3% from a year earlier and up 19% from a month earlier.
The retail share of luxury brands in May was 14%, down 0.
2 percentage points from a year earlier, and the demand for traditional luxury cars is not very strong.
Exports: this year’s overall automobile exports continue the characteristics of strong growth at the end of last year.
In May, the Customs counted 569000 automobile exports, an increase of 30% over the same period last year, and the monthly export value reached 10.
5 billion US dollars, an increase of 17% over the same period last year.
Achieve strong growth.
From January to May this year, total car exports reached 2.
45 million, an increase of 27 per cent over the same period last year, and car exports reached US $46.
4 billion, an increase of 20 per cent over the same period last year.
Statistics of passenger car manufacturers: 378000 passenger vehicles (including complete vehicles and CKD) were exported in May, up 23% from the same period last year, while the month-on-month decline was 9%.
From January to May, passenger car exports totaled 1.
87 million, an increase of 34% over the same period last year.
New energy vehicles accounted for 24.
8% of total exports in May, down 6.
8 percentage points from the same period.
With the recovery of markets such as South America, exports of Chinese brands reached 319000 in May, up 27 per cent from a year earlier and down 7 per cent from a month earlier, while exports of joint ventures and luxury brands were 58000, up 5 per cent from a year earlier.
Production: 1.
997 million passenger cars were produced in May, an increase of 0.
3% over the same period last year and 0.
5% from the previous month.
Passenger car production in May was 7000 higher than the all-time high of 1.
99 million in 2023, an all-time high.
In May, luxury brand production fell 13% year-on-year and 3% month-on-month.
joint venture brand production fell 24% year-on-year, up 2%.
and this brand production increased 18% year-on-year and 1% month-on-month.
Wholesale: in May, passenger car manufacturers nationwide wholesale 2.
031 million vehicles, an increase of 1.
2% over the same period last year and 3.
9% month-on-month growth.
Manufacturers’ sales in May were 28000 vehicles higher than the all-time high of 2 million in May 2023, a record high, driven by a stabilizing market and boosted by exports.
Chinese car companies wholesale 1.
298 million vehicles in May, up 18 per cent year-on-year and 4 per cent month-on-month.
The mainstream joint venture car companies wholesale 480000 vehicles, down 23 per cent from the same period last year and up 3 per cent from the previous month.
260000 luxury cars were wholesale, down 9% from the same period last year and up 5% from the previous month.
In May, the main passenger car manufacturers showed different overall performance, while BYD, Chery, Geely and Changan manufacturers were generally strong.
In May, 32 passenger car manufacturers sold more than 10,000 vehicles (32 in April and 30 in the same period last year), accounting for 95.
4% of the overall market share, including 2 with a year-on-year growth rate of more than 100%, 10 with a year-on-year growth rate of more than 10%, and 17 with negative year-on-year growth.
The number of passenger car manufacturers with a wholesale volume of more than 10,000 vehicles has increased by 20 compared with April.
Inventory: due to the relatively cautious production of manufacturers in May, but retail sales picked up, resulting in a destocking trend that manufacturers’ output is lower than wholesale 30,000 vehicles, while domestic wholesale production is lower than retail 60,000 vehicles.
Manufacturers and channels add inventory in March, generally de-inventory characteristics from April to May, slightly higher because of “May Day” reserve inventory in April this year, and firm inventory adjustment in May.
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, New Energy: in May, the production of new energy passenger vehicles reached 881000, an increase of 31.
0 percent over the same period last year and 9.
9 percent month-on-month.
Wholesale sales of new energy passenger cars reached 897000 in May, an increase of 32.
1 percent over the same period last year and 13.
8 percent month-on-month.
Retail sales of new energy vehicles in May were 804000, up 38.
5 percent from the same period last year and 18.
7 percent from the previous month.
In May, the export of new energy vehicles was 94000, down 4.
0% from the same period last year and 18.
8% from the previous month.
1) Wholesale: the wholesale penetration rate of new energy vehicle manufacturers in May was 44.
2%, an increase of 10.
2 percentage points from 34.
0% in May 2023.
In May, the penetration rate of Chinese brand new energy vehicles was 59.8%. the penetration rate of new energy vehicles in luxury cars was 32.
7%, while that of mainstream joint venture brands was only 8.0%. In May, the wholesale sales of pure electric vehicles were 531000, up 9.
4% from the same period last year and 14.
8% from the previous year.
the total sales volume in May was 276000, up 84% from the same period last year and 8% from the previous year.
and the wholesale sales of 91000 vehicles in May, up 105% from the same period last year and 27% from the previous month.
In May, the wholesale structure of new energy: 59% of pure electric, 31% of real plug-in, 10% of increase program, 71% of pure electric power in May 2023, 22% of real plug-in mix, and 6% of increase program.
In the new energy wholesale structure for the whole year of 2023: 69% of pure electric, 23% of real plug-in, 8% of added program, which can effectively make up for the life anxiety of pure electric, and should belong to the branch of pure electric.
In May, sales of Class B electric vehicles were 194000, up 42% from the same period last year and 23% month-on-month, accounting for 36% of pure electric vehicles.
The market of A00+A0 class economical electric vehicles in the pure electric market falls back.
Among them, the wholesale sales of Class A00 were 81000, up 11% from the same period last year, up 5% from the previous month, accounting for 15% of pure electric, an increase of 0.
1% over the same period last year.
A0 wholesale sales were 127000, accounting for 24% of pure electric, down 10 percentage points from the same period last year.
Class An electric vehicles were 109000, accounting for 21% of pure electric, an increase of 1 percentage point over the same period last year The sales volume of electric vehicles at all levels is divided, and the trend of consumption upgrading is very good.
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, 15 models with wholesale passenger car sales exceeding 20, 000 in May (11 last month) BYD Song: 82174, BYD Qin: 52072, Model YRU 45359, Seagull: 35370, BYD Destroyer 05UR 32883, Xuanyi (parameters | Inquiry): 28709, Model 3UR 27214, BYD Yuan: 25711, Ruihu 7UR 23789, Lanya: 22346, BYD Han: 22003, Ruihu 8UR 21640, Bo Yue: 20405, Fenglanda: 20293, Passat: 20197.
Among them, new energy ranks in the top 5 of overall passenger car sales, while the domestic performance of the main models of fuel vehicles is not strong.
, 2) Retail: the domestic retail penetration rate of new energy vehicles in May was 47.
0%, up 14 percentage points from 33% in the same period last year.
For domestic retail in May, the penetration rate of new energy vehicles in Chinese brands was 71.2%. that of new energy vehicles in luxury cars was 28.4%. and that of new energy vehicles in mainstream joint venture brands was only 7.5%. In terms of monthly domestic retail share, the retail share of mainstream Chinese brands of new energy vehicles in May was 71%, down 2.
1% from the same period last year.
the share of joint venture brand new energy vehicles was 4.
5%, down 0.
1% from the same period last year.
and the share of new power was 16.3%. Brands such as Xiaomi Automobile increased the share of new power by 3.
5% year-on-year, while Tesla’s share was 6.
4%, down 0.
5% from the same period last year.
3) exports: 94000 new energy vehicles were exported in May, down 4.
0% from the same period last year and 18.
8% from the previous month.
Accounted for 24.
8% of passenger car exports, down 6.
8% from the same period last year.
of which pure electric accounted for 78% of new energy exports, pure electric exports accounted for 61% of China’s new energy exports.
With the appearance of the scale advantage of China’s new energy vehicles and the demand for market expansion, more and more brands of new energy products made in China go abroad, and their recognition abroad continues to improve, although they have been disturbed by some external countries recently.
however, in the long run, the new energy export market is still good and the prospect is bright.
In terms of manufacturers’ exports in May, BYD: 37499, Tesla China: 17358, Chery: 7198, Shanghai passenger cars: 6487, Great Wall: 2905, Najia: 2764, Geely: 2501, Dongfeng Honda: 2492, SAIC GM Wuling: 2293, Xiaopeng: 1, 578, Polar: 1, 455, Changan: 1, 450, Jiangsu Yueda Kia: 1, 389, Zhimada: 1, 022.
Other auto companies’ new energy exports also have a certain scale.
From the overseas market retail data monitoring of Chinese brand exports, A0 electric cars account for nearly 50%, which is the absolute main force of independent exports.
SAIC and other Chinese brands performed strongly in Europe, and BYD rose in markets such as Southeast Asia and South America.
In addition to the beautiful performance of traditional export car companies, the recent export of new forces is also gradually increasing, and data from overseas markets are also beginning to show.
4) Automobile enterprises: the overall trend of new energy passenger car enterprises is relatively strong in May, and BYD pure electric and plug-in twin drives consolidate the leading position of Chinese brands in new energy.
the performance of add-on electric vehicles represented by Cyrus Automobile, ideal Automobile, Chang’an Automobile and Zero car is particularly outstanding.
In terms of product launch, with the multi-line development of Chinese car companies on the new energy route, the market base continues to expand, and the monthly wholesale sales of new energy have reached 16 (an increase of 2 from the previous month and 4 from the same period last year), accounting for 88.
6% of the total number of new energy passenger vehicles (86.
7% last month and 82.
1% in the same period last year).
Among them: BYD: 330488, Tesla China: 72573, Geely: 58673, Changan: 50272, Chery: 39444, ideal: 35020, Cyrus: 34177, SAIC GM Wuling: 33870, GAC Ean: 30420, Great Wall: 24549, Lulai: 20544, Zero: 18165, Dongfeng: 14709, SAIC Volkswagen: 12393, Xiaopeng: 11724, Get on the bus: 10026.
5) New Power: the retail share of New Power in May was 16.
3%, an increase of 3.
5% compared with the same period last year.
The overall sales performance of new power car companies, such as Xiaomi Automobile, ideal Automobile, Mengjie, and Xilai Automobile, was still strong compared with the same period last year.
Among the mainstream joint venture brands, North and South Volkswagen takes the lead.
SAIC-Volkswagen and FAW-Volkswagen have a total of 18957 new energy vehicles wholesale, accounting for 45% of the mainstream joint venture pure electric vehicle share.
Volkswagen’s firm electric transformation strategy is beginning to bear fruit.
Other joint ventures and luxury brands still need to be launched.
6) General mix: 75000 ordinary hybrid passenger cars were wholesale in May, an increase of 20% over the same period last year and 14% month-on-month growth.
Among them, Guangzhou Auto Toyota: 29941, FAW Toyota: 23852, Dongfeng Honda: 6616, Changan Ford: 5153, Guangzhou Automobile Honda: 3312, Dongfeng: 1834, Geely: 1666, Dongfeng Nissan: 1107, GAC MOTOR: 986.
sales of hybrid Chinese brands have gradually increased.
From January to April 2024, the income of the automobile industry increased by 8 per cent, profits increased by 142.
8 billion, profits increased by 29 per cent and profit margin by 4.
6 per cent.
In April, as the implementation of the macro-mix policy fell and market demand continued to pick up, the effect continued to show.
From January to April 2024, the income of the automobile industry was 3.
0742 trillion yuan, an increase of 8% over the same period last year.
the cost was 2.
6882 trillion yuan, an increase of 8%.
the profit was 142.
8 billion yuan, an increase of 29% over the same period last year.
and the profit margin of the automobile industry was 4.
6%, compared with the average profit margin of 5% for the whole industrial enterprise.
the automobile industry is still on the low side.
From January to April of 2024, China accounted for 64% of the world’s new energy vehicles.
From January to April of 2024, world car sales reached 28.
36 million, and the world’s new energy vehicles reached 4.
49 million.
From January to April 2024, the permeability of new energy vehicles in the world reached 15.
8%, of which the permeability of pure electric vehicles reached 10.
4%, while that of plug-in hybrid reached 5.4%. In April 2024, world sales of new energy passenger vehicles were 1.
19 million, an increase of 24% over the same period last year, and a 10% drop from the previous month.
From January to April, the number of new energy passenger vehicles in the world reached 4.
36 million, an increase over the same period last year.22%. Among them, the net increase of European new energy passenger vehicles was only 70,000 from January to April this year, an increase of 8% over the same period last year.
European new energy passenger vehicle sales in April were 220000, up 14%.
and US new energy sales were 480000, up 9% from January to April this year.
The growth rate of new energy in the United States has slowed down.
The slowdown in sales growth of new energy in Europe and the United States is noteworthy.
Early explorers and environmentalists have bought electric cars, and mainstream consumers are still worried about charging infrastructure, battery life and insurance costs.
Under the financial policy of higher interest rates, even if the use of autopilot is liberalized, the increase in sales penetration has not reached the expected level.
Recently, the growth rate of China’s new energy passenger vehicles is higher than the world average.
China accounted for 64% of the world’s share in 2023 and continued to maintain 64% from January to April 2024, of which the world share of China’s new energy passenger vehicles reached 67% in April.
In 2023, the share of pure electric vehicles in China reached 62% of the world level, and from January to April 2024, the share of pure electric vehicles reached 59% of the world, which was relatively stable.
China’s plug-in hybrid accounts for 70% of the world market, with China accounting for 69% of the world’s share in 2023 and rising to an ultra-high level of 71% from January to April 2024.
From January to April 2024, the domestic retail penetration rate of China’s new energy passenger vehicles was 38.
2%, an increase of 7.
2 percentage points over the same period last year.
The penetration rate of new energy in Europe is 16.
1% (16.
2% in the same period), and that of new energy vehicles in the United States is 9.1% (8.5% in the same period).
The penetration rate of new energy in Europe and the United States is basically unchanged compared with the same period last year.
In April 2024, China exported 556000 cars, an increase of 31 percent over the same period last year.
In April 2024, China exported 556000 cars, an increase of 31 percent over the same period last year, and a month-on-month increase of 13 percent.
China exported 1.
878 million cars from January to April, an increase of 26 percent.
The ultra-high growth rate in the first quarter slowed compared with the previous three years, and picked up in April.
This year, the main driving force still comes from the improvement of the competitiveness of Chinese products, the small growth in the European and American markets, and the full replacement of international brands in the Russian market by Chinese cars under the Russian-Ukrainian crisis.
in particular, the increase in exports brought about by the improvement of the export competitiveness of China’s fuel vehicles.
From January to April 2024, China’s automobile exports reached 35.
9 billion US dollars, representing an export growth rate of 21.
2 percent.
The average price of automobile exports from January to April 2024 was 19000 US dollars, which was still basically the same as that of 19000 US dollars in 2023.
In April 2024, the top five countries of China’s total car exports were Russia 93478, Brazil 47389, Mexico 38997, the United Arab Emirates 31237 and Belgium 27293.
the top five countries with the increase in Chinese car exports in April were Brazil 43134, the United Arab Emirates 17560, Russia 16902, the United Kingdom 7,673 and Belgium 7137.
The top five countries with total vehicle exports from January to April 2024: Russia 268779, Mexico 148705, Brazil 106448, Belgium 95230, United Arab Emirates 85869.
the top five countries with the increase in Chinese car exports in April: Brazil 89709, Russia 51,132, the United Arab Emirates 38,915, Mexico 31,940, Kyrgyzstan 30812, the incremental contribution of the top five countries is 65%, of which Brazilian exports contribute greatly.
From January to April 2024, the markets of Israel, Australia, Spain, Thailand and France declined greatly, while the markets of Central Asia and Russia all performed relatively strongly.
In April 2024, China imported 51000 cars, down 17% from the same period last year.
China’s imported car imports continued to decline at an average annual rate of about 8% from 1.
24 million in 2017 to only 800000 in 2023.
From January to April 2024, car imports were 210000, down 8% from the same period last year, and the downward trend continued.
51000 cars were imported in April, down 17% from a year earlier and 3% from a month earlier.
Imported cars such as Japan and the UK increased faster in April.
In April 2024, the highest imports were 16791 from Japan, 12507 from Germany, 9774 from the United States, 3699 from Slovakia and 2070 from Sweden.
The largest increase in April was 5221 in Japan, 1483 in the United States, 882 in Austria, 830 in Hungary and 479 in the Netherlands.
The highest number of imported cars from January to April in 2024 was 61853 in Japan, 48904 in Germany, 36227 in the United States, 19501 in Slovakia and 16753 in the United Kingdom, while the largest increment from January to April was 22875 in Japan, 1430 in the Netherlands, 565 in South Korea and 219 in Belgium.
In 2023, exports of European passenger cars with more than 2.
5 liters to China increased by 11% year on year, US $17.
9 billion by 3%, 44000 vehicles from January to April 2024 by 12%, and US $4.
1 billion by 16%, of which 8500 were imported in April.
imports fell 46 per cent and US $850 million in April, down 42 per cent.
With the continuous strength and perfection of China’s automobile industry chain, the electric transformation has changed the market demand structure, the demand for fuel vehicles has continued to shrink, and the demand for imported fuel vehicles has also declined significantly.
According to the outlook of the national passenger car market in June, there are 19 working days in June this year, two days less than the 21 working days last year, which is not conducive to the half-year sales sprint in June.
The passenger car market has entered a half-year closing period, and various localities and car companies have a strong willingness to strive for sales performance.
With the improvement of the capacity of the manufacturing enterprise system, the delivery volume of new models has quickly released production capacity to occupy the first opportunity, so June is still a good month for sales.
The number of people taking the college entrance examination in 2024 reached a record high of 13.
42 million, which will also bring the fever of learning cars and tourism after the college entrance examination, which is conducive to the continued strength of the car market in June.
With the improvement of the experience of the third space of intelligent new energy vehicles and the stable expectation of comprehensive use costs, the popularity of self-driving travel this summer will increase again, and personalized, low-cost travel methods such as private cars will become more and more people’s choice.
With the end of the wave of new car price cuts in spring, Beijing electric car license plates were issued at the end of May, driven by the renewal of trade-in, jointly promoting the continuation of car buying in June.
The demand for fuel vehicles is different from that of new energy vehicles, which can not be simply and comprehensively replaced.
the continuous downturn in the consumption of conventional fuel vehicles is an important factor to restrain the overall recovery of the car market.
this policy such as the trade-in policy reasonably ensures the demand for the purchase of fuel vehicle consumers, which is of great significance to the steady development of the car market.
The state’s overall consideration and details of “promoting consumption and boosting domestic demand” have become increasingly clear and accurate, and the consumption potential of “elimination and renewal” and “replacement renewal” in the market will be gradually released, which is conducive to the gradual strengthening of the car market in the next few months.
(source: ride Association.
Compiler / Automobile House Yao Yu), return to the first electric net home page >.
