Rednet Moment January 12 (Reporter Long Zhen) On January 11, the National Passenger Car Federation released the December automotive industry sales data. Statistics show that in December, the retail sales of narrow passenger cars reached 2.105 million units, up 15.9% month-on-month and 7.9% year-on-year. Compared with previous months, the retail sales volume in December has been significantly stronger.
From January to December, the cumulative retail sales of narrow passenger cars reached 20.146 million units, an increase of 4.4% year-on-year, down 1.7 percentage points from january to November. According to the Association, the reason for the dilution of growth rate is mainly due to the high retail sales base in July-December 2020.
Specifically, the cumulative retail sales of cars in 2021 were 9.846 million units, an increase of 6.4% year-on-year, the retail sales of SUVs in the market were 9.221 million units, an increase of 3% year-on-year, and the retail sales of the MPV market were 1.079 million units, down 1% year-on-year.
It is worth mentioning that the net increase in retail sales in 2021 was 860,000 units year-on-year, of which traditional fuel vehicles decreased by 1.02 million units, down 6% year-on-year, while new energy vehicles increased by 1.88 million units, an increase of 169% year-on-year. In other words, the sales of new energy vehicles in 2021 contributed 9 percentage points to the year-on-year growth rate of passenger cars.
In 2021, the market share of retail sales of independent brands was 41%, an increase of 5.6%
Self-owned brand retail sales in December were 930,000 units, up 4% year-on-year, 12% month-on-month, and 25% higher than in December 2019. In December, the domestic retail share of independent brands was 46.3%, an increase of 6.9 percentage points year-on-year; the annual share was 41%, an increase of 5.6 percentage points. In December, the wholesale market share of independent brands was 46.9%, an increase of 6.2 percentage points over the same period, and the annual share of independent wholesale was 44%, an increase of 7.3 percentage points over the same period. The head enterprises of independent brands have performed very strongly and have achieved significant increases in the new energy market, so 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, up 19% month-on-month and down 5% from December 2019. The retail share of Japanese brands in December was 22.2%, down 1 percentage point year-on-year. The retail share of the US market reached 9%, down 0.6 percentage points year-on-year. The share of the French system increased by 0.3 percentage points, and the supply of Ashkenazi brands gradually improved.
Also, in terms of exports. 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.
In 2021, 2.989 million new energy retail units will accelerate the transformation of the automobile market to new energy
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.
The domestic retail penetration rate of new energy vehicles in December was 22.6%, and the penetration rate from January to December was 14.8%, which was significantly higher than the penetration rate of 5.8% in 2020. In December, the penetration rate of new energy vehicles in independent brands was 39%, the penetration rate of new energy vehicles in luxury vehicles was 32.7%, while the penetration rate of new energy vehicles in mainstream joint venture brands was only 3.3%.
In December, the new energy passenger car market diversified, SAIC Motor and GAC Group performed relatively strongly, and the highlights of traditional car companies were outstanding. BYD's pure electric and plug-and-mix two-wheel drive is stronger. There are 14 enterprises with wholesale sales exceeding 10,000, a significant increase over the previous period, including: BYD 93,338, Tesla China 70,847, SAIC-GM-Wuling 60,372, Great Wall Motor 20,926, Chery Automobile 20,501, Geely Automobile 16,831, Xiaopeng Automobile 16,000, SAIC Passenger Car 14,868, GAC Aian 14,500, Ideal Car 14,087, FAW-Volkswagen 11,213, Weilai Automobile 10,489 vehicles, Changan Automobile has 10,404 vehicles and United Automobile 10,127 vehicles.
It is expected to sell 5.5 million new energy passenger cars in 2022
According to the newly released policy, the current purchase subsidy technical indicator system framework and threshold requirements will remain unchanged in 2022, and the subsidy scale will not be locked from the upper limit of the original expected subsidy scale of 2 million vehicles, and the subsidy will be realized throughout 2022. With the doubling of the scale of the new energy industry chain and the improvement of cost reduction capabilities, it is expected that the increase in new energy vehicles at the end of 2022 will be very strong.
The Association expects that the sales of new energy passenger vehicles in 2022 was expected to be 4.8 million units, which should now be adjusted to more than 5.5 million units, and the penetration rate of new energy passenger cars will reach about 25%. New energy vehicles are expected to exceed 6 million, and the penetration rate of new energy vehicles is about 22%.