Births delayed due to the pandemicsales, was made up in June. According to the latest production and sales data released by the China Association of Automobile Manufacturers (hereinafter referred to as the “CAAM”), in June 2022, my country’s automobile production and sales completed 2.499 million and 2.502 million respectively, an increase of 29.9% from the previous month. 7% and 34.4%, up 28.2% and 23.8% year-on-year respectively.
The China Automobile Association pointed out that since June, the supply chain of my country’s auto industry affected by the epidemic has fully recovered, and enterprises have accelerated production to make up for losses; under the superposition of the national purchase tax halving policy and the local government’s policy to promote auto consumption, auto wholesale in June Quantity performed well. The terminal market has also improved significantly, and the number of customers entering the store has rebounded significantly.
From January to June, my country’s automobile production and sales reached 12.117 million and 12.057 million respectively, a year-on-year decrease of 3.7% and 6.6% respectively.On the whole, in the first half of the year, my country’s automobile production and sales generally showed a “U-shaped” trend: that is, from January to February, the production and sales started well, and production and sales grew steadily; in the middle and late March, affected by the epidemic, they declined rapidly, and lost about 100% of sales in March to May. 10,000 vehicles; fully recovered and increased significantly in June, of whichpassenger car、new energy vehiclesChinese brand passenger cars, and automobile exports have become the four major growth highlights.
Passenger car “off-season is not short”, production and sales in June increased by more than 40% year-on-year
In June, the passenger car market generally showed the characteristics of “off-season but not weak”, and the production and sales that were delayed due to the impact of the epidemic in April and May were also made up in June.
The data shows that the production and sales of passenger cars in June were 2.239 million and 2.222 million, an increase of 31.6% and 36.9% month-on-month, and a year-on-year increase of 43.6% and 41.2% respectively. The performance was significantly better than expected. In terms of models, compared with the previous month, the sales of the four major types of passenger vehicles all showed rapid growth, among which the growth rate of sedans and SUVs was more obvious; compared with the same period of the previous year, the sales of cross-type passenger vehicles showed a rapid growth decline, other varieties showed rapid growth, and the growth rate of cars was even faster.
Judging from the production and sales of passenger vehicles in June, the implementation effect of the policy of halving the purchase tax and the local policies to promote automobile consumption is obvious. According to data released by the State Administration of Taxation, since the implementation of the policy of halving the vehicle purchase tax for passenger cars for one month, the country has reduced the vehicle purchase tax by 7.1 billion yuan and reduced the collection of 1.097 million vehicles. The overall achievement is very good. Effect.
It should be pointed out that in June, the national car purchase tax reduction was only 7.1 billion yuan, but in May this year, the State Council executive meeting proposed that the overall amount of the phased reduction of some passenger car purchase tax is 60 billion yuan. In this regard, Chen Shihua, deputy secretary general of the China Automobile Association, pointed out that the policy of halving the purchase tax has benefited a wide range of models, including not only Chinese brands but also foreign brands. The epidemic is still breaking out sporadically, so the market recovery still needs a process. It is expected that the policy will start to exert force in the third quarter, and the tail effect will appear in the fourth quarter.
In the first half of the year, the production and sales of passenger vehicles reached 10.434 million and 10.355 million respectively, up 6.0% and 3.4% year-on-year. Production and sales ended a decline, and the overall level returned to normal.
Judging from the performance of the passenger car market in the first half of the year, consumer demand has been suppressed to a certain extent due to the epidemic. Since the end of May, the state and local governments have successively issued a series of powerful policies to stimulate consumption, which provide a means to quickly promote the recovery and improvement of consumer confidence. obvious support. Among them, the sales of high-end brand passenger cars rebounded significantly. In June, the sales of high-end brand passenger cars produced in China reached 395,000 units, a year-on-year increase of 41.9%. However, throughout the first half of the year, due to the impact of the epidemic, the pace of increase and replacement has slowed down, and the terminal market in Shanghai and surrounding areas is inactive.
The association pointed out that in the medium and long term, my country’s automobile market is generally in the late stage of popularization, and residents’ consumer demand for automobiles is still strong. Coupled with the industry dividends brought by industrial transformation and consumption upgrades, the passenger car market will maintain stable growth in the future. Fully guaranteed.
The production and sales of new energy vehicles reached a new high, with a market share of 23.8%
In June, new energy vehicles continued to maintain a high-speed growth trend. The production and sales in the month were 590,000 and 596,000 respectively, an increase of 1.3 times year-on-year, and a new high, with a market share of 23.8%.
By category,New energy passenger carThe monthly production and sales were 563,000 and 569,000 units respectively, an increase of 1.4 times and 1.3 times year-on-year.New energy commercial vehicleProduction and sales were completed at 27,000 and 28,000 units respectively, an increase of 83.5% and 88.4% year-on-year.
In terms of power type,pure electric vehicleProduction and sales were completed at 466,000 and 476,000 respectively, an increase of 1.2 times year-on-year;hybrid carProduction and sales were completed at 123,000 and 120,000 units respectively, an increase of 1.8 times and 1.7 times year-on-year respectively;fuel cell vehicleProduction and sales were completed at 527 and 455, up 18.7% and 67.3% year-on-year, respectively.
In the first half of the year, the production and sales of new energy vehicles reached 2.661 million and 2.6 million respectively, an increase of 1.2 times year-on-year, and the market share reached 21.6%. Among them, the sales of new energy passenger vehicles accounted for 24.0% of the total sales of passenger vehicles, and the proportion of new energy vehicles in Chinese brand passenger vehicles has reached 39.8%.
The association said that although the production and sales of new energy vehicles were also affected by the epidemic in the first half of the year, companies attached great importance to new energy vehicle products, and their supply chain resources were prioritized to focus on new energy vehicles. Judging from the current development trend, the overall production and sales completion exceeded expectations.
Exports hit record highs, overseas orders are not affected by the international situation
In June, auto companies exported 249,000 vehicles, hitting a record high, up 1.8% month-on-month and 57.4% year-on-year. In terms of models, passenger cars exported 198,000 units this month, an increase of 1.1% month-on-month and a year-on-year increase of 65.6%;commercial vehicleExports of 51,000 vehicles increased by 4.7% month-on-month and 32.4% year-on-year.
In the first half of the year, automobile enterprises exported 1.218 million vehicles, a year-on-year increase of 47.1%. In terms of models, the export of passenger vehicles was 945,000 units, a year-on-year increase of 49.7%; the export of commercial vehicles was 274,000 units, a year-on-year increase of 38.8%. In addition, a total of 202,000 new energy vehicles were exported, a year-on-year increase of 1.3 times, accounting for 16.6% of the total vehicle exports.
“Although the Russian-Ukrainian conflict has affected some export markets, according to what we have learned from companies, most companies’ overseas orders are in good condition and there is no sign of a fall,” Chen Shihua said.
The analysis of the association pointed out that in recent years, with the continuous improvement of the comprehensive competitiveness of my country’s auto products, Chinese brands have been more recognized in the international market. At the same time, enterprises are also actively seizing opportunities and vigorously developing the international market. In particular, new energy vehicles have become the current export highlights. Some enterprises have successfully entered the markets of developed countries and regions such as Europe.
The market share of Chinese brand passenger vehicles continues to increase, and the gap with foreign investment is further narrowed
Since the beginning of this year, the Chinese brand passenger vehicle market has continued to grow rapidly, and its market share has continued to increase.
In June, a total of 994,000 Chinese brand passenger vehicles were sold, an increase of 24.5% month-on-month and a year-on-year increase of 43.1%, accounting for 44.8% of the total passenger car sales, with a higher share than the same period last year. 0.6 percentage points.
Specifically, the market shares of Chinese brand sedans, SUVs and MPVs were 35.8%, 51.7% and 59.0% respectively. Compared with the previous month, the market shares showed a certain decline; compared with the same period of the previous year , the market share of Chinese branded sedans kept growing, while Chinese branded SUVs and MPVs declined.
In the first half of the year, a total of 4.891 million Chinese brand passenger vehicles were sold, a year-on-year increase of 16.5%, accounting for 47.2% of the total passenger vehicle sales, an increase of 5.3% over the same period of the previous year. Among them, the market shares of Chinese brand sedans, SUVs and MPVs were 37.6%, 54.5% and 58.1% respectively. Compared with the same period of the previous year, the market shares of Chinese brand cars and SUVs all increased, while the market shares of MPVs increased. decreased.
Chen Shihua pointed out that the rising trend of Chinese brand passenger cars is mainly due to three reasons: First, at the time of industrial transformation, Chinese brand passenger car companies seized new development opportunities, comprehensively promoted the brand upward development strategy, and further reduced the size of the market. The gap with foreign leading auto companies; second, in the field of new energy vehicles, Chinese brands have become the absolute main force. Some technical fields have surpassed joint venture brands; third, with their precise grasp of China’s auto consumer market, Chinese brands have also been favored by more young consumers, and relying on the advantages of local supply chains, Chinese brands have seized more opportunities.
There are still four major difficulties in the operation of the automobile industry, and the annual growth rate of the automobile market has been reduced from 5% to 3%
While seeing the highlights of the development of the automobile industry, the China Association of Automobile Manufacturers also pointed out several difficulties in the operation of the automobile industry.
First, the shortage of chips will affect the production pace of enterprises in the second half of the year. The stability of the supply chain remains the key to steady growth. Since the second half of 2020, the supply and demand of automotive-grade chips have begun to tighten, and the purchase price has risen sharply. At present, companies are accelerating the pace of automobile production and supply, but the risk of some chip shortages and mismatches still exists.
Second, the production cost of new energy vehicles is under great pressure. Since February 2022, thePower BatteryInfluenced by the continuous rise in raw material prices, the cost pressure of the industrial chain is transmitted downstream, and the sales price of new energy vehicles is forced to increase. Both car companies and consumers are under great pressure to digest costs, which will inevitably lead to adjustments in product structure. The association noted that the production capacity of lithium resources at home and abroad will gradually increase, and the prices of power batteries and raw materials will return to rationality in the future.
Third, the automobile consumption policy still needs to continue to make efforts. At present, my country’s macro-economy is recovering, but the foundation for recovery is not yet solid. Hard efforts are still needed to stabilize the economy. The full recovery of auto consumption confidence also requires a process. In addition, the current rapid rise in the price of refined oil products and the high price of raw materials for new energy power batteries will have an adverse impact on the automotive consumer market.
In addition, according to the current consumption promotion policies in various places, about more than 30% of the preferential measures in provinces, cities and regions will end before the end of June, which is a short time, which is not conducive to the steady growth in the second half of the year.
fourth. The commercial vehicle market continues to be under pressure. In the first half of the year, the overall production and sales of the automobile industry decreased by 467,000 units and 849,000 units respectively compared with the same period of the previous year, of which the production and sales of commercial vehicles decreased by 1,055,000 units and 1,192,000 units respectively over the same period of the previous year. It can be seen that commercial vehicles are one of the main reasons for the negative growth of the industry. “Judging from some companies we know, people generally have positive expectations for passenger vehicle demand, but considering that commercial vehicles are affected by multiple factors, the continuous downward trend has not improved significantly, and there are still many uncertain factors affecting demand.”
Based on the current development situation and the main difficulties in the future, the China Automobile Association once again made a judgment on the automobile market for the whole year, and adjusted downwards on the basis of the forecast of 27.5 million vehicles at the beginning of the year. Growth of about 3% (previously expected to increase annual sales by 5% year-on-year). Among them, passenger car sales are expected to be 23 million units, a year-on-year increase of about 7%; commercial vehicle sales are expected to be 4 million units, a year-on-year decrease of about 16%;New energy vehicle salesIt is expected to reach 5.5 million units, an increase of more than 56% year-on-year.
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Source: Gasgoo
Original title: The supply chain has fully recovered / the pace of production has accelerated, and the production and sales of automobiles in June increased by double-digit year-on-year