China’s passenger car terminal market fell year-on-year for six consecutive months, and the A-class, A0 and A00 markets shrank.

According to terminal sales data, passenger car sales in China reached 1770279 in July, up 2.

5 per cent from a month earlier and down 0.

6 per cent from a year earlier, marking the sixth month of a year-on-year decline in China’s passenger car market.

Of these, 885003 new energy vehicles were sold, up 6.

8% from the previous month, up 46.

4% from the same period last year, and the penetration rate exceeded 50% for the first time, a record high.

China's passenger car terminal market fell year-on-year for six consecutive months, and the A-class, A0 and A00 markets shrank., at the same time, the listing of Class B car Qin L and Seal 06 not only makes the B Class car market surpass the A Class car market and becomes the largest market in China’s new energy vehicle market, but also reduces the dimension to crack down on the A0 and A00 class markets and seize the market.

▍ China’s passenger car terminal market declined for six consecutive months compared with the same period last year.

China's passenger car terminal market fell year-on-year for six consecutive months, and the A-class, A0 and A00 markets shrank., judging from the trend of China’s passenger car terminal sales from January to July of 2023-2024, China’s passenger car terminal sales rose 72.

7% in January compared with the same period last year, followed by a decline in February-July.

Among them, China’s passenger car terminal sales fell by more than 10% in February and June, and the monthly decline narrowed in July.

China's passenger car terminal market fell year-on-year for six consecutive months, and the A-class, A0 and A00 markets shrank., judging from the sales trend of China’s new energy passenger cars, the terminal sales of new energy passenger vehicles have shown a “soaring” upward trend in the past five years.

Since the beginning of this year, terminal sales have declined only in February compared with the same period last year, while the rest of the month has risen from the same period last year, and terminal sales in June and July exceeded 800000 vehicles.

In particular, the terminal sales of 885000 in July are close to the year-end impulse sales of car companies at the end of last year.

China's passenger car terminal market fell year-on-year for six consecutive months, and the A-class, A0 and A00 markets shrank., judging from the sales trend of fuel vehicle terminals in China, its sales trend is consistent with that of passenger car terminals in China.

In addition to the 57% year-on-year increase in terminal sales in January, fuel vehicle terminal sales fell sharply for six consecutive months from February to July, and terminal sales fell by more than 20% in March, April, May, June and July, or even by more than 30% in June.

On the whole, the sharp decline of fuel vehicles, the current environment and the decline of residents’ consumption level are the main reasons for the contraction of China’s passenger car market in 2024.

The ▍ B-class car market has become the largest market in the new energy vehicle market.

China's passenger car terminal market fell year-on-year for six consecutive months, and the A-class, A0 and A00 markets shrank., compared with July last year, in July this year, the B-class market (32%, up 7%) replaced the A-class market (29%, down 7%) and became the largest market segment in China’s new energy vehicle market.

This was closely followed by the C-class and A0-class car markets, with the former accounting for 19%, up 3 percentage points from the same period last year, and the latter accounting for 11%, down 1 percentage point from the same period last year.

The market share of A00 is only 6%, down 3% from the same period last year, while the D market benefited from the sharp rise of M9, which increased its market share by 1% to 3%.

Overall, the market share of the B, C and D classes has increased, especially the B-class market, while the A-class, A0-class and A00-class markets are shrinking.

In terms of year-on-year growth, thanks to the sharp increase in sales of the M9 and the ideal L9, the terminal sales of the D-class car market nearly tripled compared with the same period last year, followed by 86.

8% and 78.

7% year-on-year growth in the B-class and C-class car markets, respectively.

The terminal sales of the A00 class car market fell 6.

4% compared with the same period last year, which is the only segment of China’s new energy vehicle market that has declined.

▍ BYD Qin L and Seal 06 occupied the A, A0 and A00 markets.

China's passenger car terminal market fell year-on-year for six consecutive months, and the A-class, A0 and A00 markets shrank. and BYD Seagull were “king” in the A0 market.

The terminal sales of dolphins and good cats, which ranked in the top five, all declined sharply compared with the same period last year, especially dolphins.

BYD Yuan UP, which went on sale on March 26 this year, has become a new “dark horse” with sales of more than 10,000 vehicles and is about to replace dolphins on the A0 market podium.

Due to the ultra-low prices of Qin PLUS, destroyer 05, Qin L and Seal 06, although Hongguang MINIEV still dominates the A00 market, it has fallen to the altar, and its monthly terminal sales have plummeted from a peak of more than 40, 000 to more than 10, 000 today.

Similarly, the monthly terminal sales of Changan Lumin, Panda mini and QQ ice cream have all fallen below 10,000, while QQ ice cream has even dropped to 2500.

China's passenger car terminal market fell year-on-year for six consecutive months, and the A-class, A0 and A00 markets shrank., BYD is still the winner of the A-class car market.

In the A-class market terminal sales list, the top five models are all owned by BYD.

Qin PLUS is still the A-class market leader, and the destroyer 05 replaces Ian Aion S in the top five.

Tesla and BYD dominate the top five of the B-class car market.

Among them, Tesla’s Model Y still dominates the B-class car market, while Model 3 still ranks fifth on the list.

BYD Qin L and Seal 06 were on the list, although both were positioned as Class B cars, but with an “explosive” price of 99800, they not only reduced dimension to hit the A-class market, but also grabbed A0 and A00 market share.

China's passenger car terminal market fell year-on-year for six consecutive months, and the A-class, A0 and A00 markets shrank., compared with the same period last year, the market of C-class new energy vehicles has undergone great changes.

The ideal L6, which went on sale on April 18 this year, replaced BYD Han as the most popular new energy model in the C-tier market, while the terminal sales of BYD Han, once the top seller in the C-tier market, fell 20.

7% in July from a year earlier.

Ideal L8, Teng Teng D9 and Polar Krypton 001, which once ranked in the top five of the C-tier market, were all dropped out, replaced by ideal L6, M7 and Xiaomi SU7.

In short, ideal L6, M7 and Xiaomi SU7 have become superstars in the C-class new energy vehicle market.

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Link to this article: https://evcnd.com/chinas-passenger-car-terminal-market-fell-year-on-year-for-six-consecutive-months-and-the-a-class-a0-and-a00-markets-shrank/

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