Judging from the sales volume of the domestic car market in November this year, even if the lack of cores has eased, the overall sales volume is still not strong. According to data released by the Passenger Car Market Information Association (hereinafter referred to as the Passenger Car Market Information Association), the retail sales of the passenger car market reached 1.816 million units in November 2021, an increase of 6% month-on-month and a decrease of 12.7% year-on-year.
Among them, in the top 15 automakers' sales in November, only four car companies increased their sales year-on-year, namely BYD, FAW Toyota, GAC Toyota and GAC Trumpchi.
It is worth mentioning that BYD's 81.9% increase is the highest among the top ten car companies in terms of sales.
This is also because the rapid growth of new energy is still the main line of the market. According to the data released by the Association of Passenger Vehicles, in November, the retail sales of new energy passenger cars in China were 378,000 units, an increase of 122.3% year-on-year and 19.8% month-on-month; from January to November, the cumulative retail sales of new energy passenger cars were 2.514 million units, an increase of 178.3% year-on-year.
In the case of BYD, more than 90% of its monthly sales of 97,000 units in November came from new energy sources. According to the data, in November, BYD's new energy passenger car sales reached 90,121 units, up 252.7% year-on-year, once again setting a new monthly sales record.
It is worth mentioning that three of the five car companies that have increased by more than 100% in a single month and cumulative sales are electric vehicle companies, namely Tesla, Xiaopeng Motors and GAC Eian. Even, in the high-end SUV rankings, the supremacy of Ashkenazi luxury brands has been hit by the joint impact of the ideal ONE from Tesla Model Y and ideal car.
In fact, through the rapid advancement of electric vehicles and the strong resilience of the industrial chain of domestic car companies, the market share of independent brands in November is still steadily advancing. According to the data, in November, the retail sales of independent brands reached 830,000 vehicles, an increase of 2% year-on-year and an increase of 8% month-on-month.
In addition to GAC Trumpchi's dark horse performance, Geely Automobile climbed to second place with sales of 123,000 units thanks to Geely's "China Star" products and the continuous development of Lynk & Co models. According to the data, in November, Geely's "China Star" series of models hit a record high with 25,386 units. Under the continuous exploration of luxury car companies and the impact of new energy vehicle companies, the market share of joint venture brands has not yet increased significantly.
According to the data, in November, the retail sales volume of mainstream joint venture brands was 780,000 units, an increase of 1% month-on-month and a year-on-year decline of 23%. It can be said that the German joint venture brands led by FAW-Volkswagen and SAIC Volkswagen are still in the process of adjustment, while the market share of Japanese joint ventures led by FAW Toyota and GAC Toyota is also waiting for a further rebound.
However, FAW-Volkswagen and SAIC Volkswagen continue to occupy the first and third positions in the total sales ranking of manufacturers, but the decline is still obvious. Faw-Volkswagen and SAIC Volkswagen sold 133,000 units and 113,000 units, respectively, down 40.2% and 24.9% year-on-year, respectively, according to the data. Even FAW-Volkswagen, which ranked first, is the car company with the largest decline in sales among the top 15 car companies.
On the other hand, the supply chain pressure caused by the lack of cores and the relative lag in the electrification process in the Chinese market have also led to the erosion of japanese market share. However, in terms of Sales in November, the Toyota brand remains stable, and GAC Toyota has recovered from sluggish sales. For Dongfeng Nissan, the plan to restart the four-cylinder may save the lost sales due to the three-cylinder engine.
It is worth mentioning that in November, the sales volume of the French system picked up, and the market share increased from 0.2% in October to 0.3% in November. Among them, Dongfeng Citroen and Dongfeng Peugeot have achieved positive sales growth for three consecutive months.
As the end of the year approaches, the Association also gives more optimistic expectations for the production and sales of new vehicles in December. The Association believes that factors such as the easing of resource supply shortages and the arrival of the Spring Festival earlier than in previous years will further promote the accelerated recovery of retail sales in the December car market.