On January 11, the Passenger Car Market Information Joint Committee released data: in 2021, the cumulative sales of domestic narrow passenger cars were 20.146 million units, an increase of 4.4% year-on-year, thus ending the "three consecutive declines" in 2018-2020. However, due to the shortage of chips throughout the year and the ultra-high base in July-December 2020, the final sales volume of the passenger car market in 2021 increased by only 4.4% year-on-year, which is difficult to say.
The passenger car market also showed significant structural changes in 2021. Among them, traditional fuel vehicles have become the "dragging legs" part, and their annual sales fell by 6% year-on-year, a decrease of about 1.02 million units; The new energy vehicles are "radiant", with annual sales reaching 2.989 million units, an increase of 169.1% year-on-year, an increase of 1.88 million units, contributing 9 percentage points to the annual growth rate of the passenger car market. As a result, the HKICTA is also expected to increase sales of new energy passenger cars to 5.5 million units from the previous 4.8 million units in 2022, and its market penetration rate is expected to reach about 25%.
Yesterday (January 11), the Passenger Car Market Information Joint Committee released data: in December 2021, a total of 2.105 million domestic narrow passenger cars were sold, down 7.9% year-on-year, and the car market in 2021 also ended with a wave of "seven consecutive declines"; Finally, in 2021, the cumulative sales of domestic narrow passenger cars were 20.146 million units, an increase of 4.4% year-on-year, thus ending the "three consecutive declines" in 2018-2020.
Specifically, in the closing month of 2021, although the passenger car market continued its year-on-year decline trend, sales rose by 15.9% compared with the previous month, compared with the average month-on-month growth rate of about 10% in December in recent years, which has shown a clear warming trend. In this regard, Cui Dongshu, secretary general of the Association, said, "The continuous improvement of chip supply has promoted the production and sales of the automobile market in December. ”
However, due to the shortage of chips throughout the year and the ultra-high base in July-December 2020, the final sales volume of the passenger car market in 2021 increased by only 4.4% year-on-year, which is difficult to say.
It is worth noting that the passenger car market also showed significant structural changes in 2021. Among them, traditional fuel vehicles have become the "dragging legs" part, and their annual sales fell by 6% year-on-year, a decrease of about 1.02 million units; The new energy vehicles are "radiant", the annual sales reached 2.989 million units, an increase of 169.1% year-on-year, an increase of 1.88 million units, contributing 9 percentage points to the annual growth rate of the passenger car market, in strong contrast with the trend of traditional fuel vehicles, thus realizing the partial replacement of the traditional fuel vehicle market by the new energy market, and also proving the change in consumer demand through the user's market-oriented choice.
Focusing on the new energy market, from January to December, the retail penetration rate of new energy vehicles was 14.8%, which was significantly higher than the penetration rate of 5.8% in 2020. Looking forward to the whole year of 2022, Cui Dongshu continues to be very optimistic, he believes, "With the doubling of the scale of the new energy industry chain, its production costs will decline accordingly, and it is expected that the performance of the new energy vehicle market in 2022 will still be very prominent." ”
As a result, the HKICTA is also expected to increase sales of new energy passenger cars to 5.5 million units from the previous 4.8 million units in 2022, and its market penetration rate is expected to reach about 25%.
But Cui Dongshu also proposed that new energy vehicles cannot be afforded and unaffordable. He believes that "the newly issued "China Insurance Industry Association New Energy Vehicle Commercial Insurance Exclusive Clauses (Trial)" has a positive effect on the development of the industry, but the insurance cost of some new energy vehicles may be significantly increased, which may lead to the use of new energy vehicles to save fuel money but to 'subsidize' premiums, thereby increasing consumers' concerns when buying a car." ”
He went on to propose, "With the accumulation of big data for new energy vehicles, the personalized insurance business will develop rapidly, so it is necessary for car companies to establish their own insurance varieties." At the same time, with the improvement of the technology of new energy vehicles, more accurate insurance calculations and insurance scheme recommendations should be introduced on the basis of historical data calculation of claims settlement rates. ”
For the first month of opening in 2022, the association analyzed that this year's Spring Festival is earlier, and a few days before the festival will enter the off-season for car purchases, so January is a small month for automobile production and consumption; At the same time, the epidemic will also affect the purchase of cars back to the hometown. However, with the continuous improvement of chip supply, the advance of pre-holiday car purchase consumption, and the effective improvement of channel inventory at the end of last year, the car market is expected to further pick up in the first half of January; Although the new energy vehicle will face the impact of subsidy decline, it has a large backlog of undelivered orders, so the terminal delivery volume will not fluctuate greatly. (China Economic Network reporter Guo Yue)