On January 11, the Association released data showing that the retail sales of the passenger car market in December 2021 reached 2.105 million units, down 7.9% year-on-year and 15.9% month-on-month, and the overall retail sales were significantly stronger. From January to December 2021, the cumulative retail sales of passenger cars reached 20.146 million units, an increase of 4.4% year-on-year, down 1.7% from the growth rate of January to November, of which new energy vehicles contributed 9% to the year-on-year growth rate of passenger cars, becoming a new increment for passenger cars.
Passenger car production in December was 7.2% y/y and 10.6% month-on-month. Among them, the production of luxury brands increased by 20% year-on-year and 18% month-on-month; the production of joint venture brands decreased by 1% year-on-year and increased by 11% month-on-month; and the production of independent brands increased by 13% year-on-year and 8% month-on-month. From January to December, the company produced 20.951 million units, up 7.7% year-on-year.
In terms of market segmentation, luxury car retail sales in December were 250,000 units, down 3% year-on-year and 18% month-on-month, and luxury car sales were stable at the end of the year, laying a solid foundation for the opening of 2022.
In December, self-owned brand retail sales of 930,000 vehicles, an increase of 4% year-on-year, an increase of 12% month-on-month, the domestic retail share of 46.3%, an increase of 6.9% year-on-year; the annual share of 41%, an increase of 5.6%. The head enterprises of independent brands have performed very strongly, and have achieved significant increases in the new energy market, and traditional car brands such as BYD and SAIC Passenger Vehicles have shown high growth year-on-year.
Mainstream joint venture brand retail sales of 930,000 units in December, down 19% year-on-year and 19% month-on-month, and the retail share of Japanese brands in December was 22.2%, down 1% year-on-year. The retail share of the U.S. market reached 9%, down 0.6% year-on-year. The share of the French system increased by 0.3%, and the supply of Ashkenazi brands was gradually improving.
In December, the Company exported 170,000 passenger vehicles (including complete vehicles and CKDs), an increase of 63% year-on-year, and new energy vehicles accounted for 15% of the total exports. In December, the export of independent brands reached 150,000 units, an increase of 77% year-on-year, and the export of joint ventures and luxury brands was 20,000 units, an increase of 26% year-on-year.
Wholesale sales of new energy passenger vehicles reached 505,000 units in December, up 138.9% year-on-year and 17.8% month-on-month. From January to December, the wholesale number of new energy passenger vehicles was 3.312 million units, an increase of 181.0% year-on-year. Retail sales of new energy passenger vehicles reached 475,000 units in December, up 128.8% y/y and 25.4% month-on-month. From January to December, the retail sales of new energy vehicles were 2.989 million units, an increase of 169.1% year-on-year. The trend of new energy vehicles and traditional fuel vehicles forms a strong differentiation characteristic, realizes the partial substitution effect of new energy vehicles on the fuel vehicle market, proves the change in consumer demand through the user's market-oriented choice, and accelerates the pace of transformation to new energy in the automobile market.
[Reporter] Gong Qianshu
【Author】 Gong Qianshu
【Source】 Southern Press Media Group South + client