According to the news of the Association of Passenger Vehicles on January 26, from January 17 to 23, the retail sales of passenger cars were 600,000 units, an increase of 28% year-on-year, an increase of 36% over the previous week, and an increase of 13% over the same period last month. Wholesale passenger cars totaled 527,000 units, up 22% year-on-year, up 31% from the previous week and down 6% from the same period last month.
Weekly retail trends in the passenger car market in January
The overall narrow passenger car market retail sales in the first week of January reached an average of 58,000 units per day, up 6% year-on-year and up 27% from the first week of December 2021.
Retail sales in the overall narrow passenger car market reached an average of 63,000 units per day in the second week of January, down 2% year-on-year and up 3% from the second in December 2021.
The overall narrow passenger car market retail sales in January reached an average of 86,000 per day, up 28% year-on-year and 13% higher than the third in December 2021.
Due to the obvious production improvement of the fourth degree last year, the supply is sufficient, and some model terminals have increased promotions, which is the best car purchase month since the second half of 2020, so the retail sales recovery in January is more obvious, the current recovery rate is more normal, and it is a continuous strengthening compared with the beginning of 2021, which is also a better performance.
At the end of 2021, the price did not appear significantly loose, most migrant workers can only return to their hometowns in January, january will still be a good time to buy a car, but the recent scattered epidemic has caused manufacturers and suppliers in individual cities to stop production, and it is easy to disrupt the production and life rhythm of local citizens, and consumers are blocked from buying cars in stores offline. Due to the continuous months of terminal prices compared with 2020 recovery a lot, dealers tasted the sweetness of profits, this year's peak season, it is even more impossible to let go, so the sales enthusiasm is very high.
Due to the needs of epidemic prevention and control, the just-needed effect of car purchase and transportation is more prominent, consumer demand for new energy vehicles continues to rise, and electric vehicles perform better.
Weekly wholesale trend of the passenger car market in January
In the first week of January, the total number of narrow passenger cars was 52,000 units per day, down 4% year-on-year. This week is down 2% relative to the first week of December 2021.
In the second week of January, the total number of narrow passenger cars was 58,000 units per day, up 0% year-on-year. This week was down 16% relative to the second week of December 2021.
In the third week of January, the total number of narrow passenger cars was wholesaled at an average of 75,000 units per day, up 22% year-on-year. This week was down 6% relative to the third week of December 2021.
At present, the wholesale of manufacturers in the first three weeks of January has increased by 6% compared with the same period last year, and the trend before the Spring Festival is relatively good, entering the pre-holiday peak earlier than last year. Under the influence of the recent epidemic, uncertainties in the domestic and foreign environment have increased, and the prices of upstream commodities have risen, affecting the growth pressure of the automobile market.
The mismatch between supply and demand of traditional vehicles caused by low inventory still needs some time to adjust. Luxury, independent brand orders reserved more, fuel vehicles due to the inertia of sales, there is still room for growth. Due to the early Spring Festival in 2022, the enthusiasm for increasing inventory catalyzed stockpiling and drove wholesale growth. Some car companies sprinted harder in December last year, so the first two weeks of January were not very strong. Recently, the exports of manufacturers have continued to perform well, which has also driven the sales of manufacturers to increase.
China exported 2.13 million vehicles and 590,000 new energy vehicles
According to customs data, since 2017, China's automobile export market has performed relatively strongly, with Positive Growth of 6% in Both 2018 and 2019, with a 13% decline in automobile exports in 2020, and 193,000 vehicles in December 2021, an increase of 58% year-on-year; and the export market sales in 2021 were 2.138 million units, an increase of 102% year-on-year. China exported 590,000 new energy vehicles, and the new energy market continued to strengthen.
China's auto export opportunities brought about by the chip crisis. The supply advantage brought by the complete industrial chain of Chinese automobiles has been further amplified under the influence of the overseas epidemic, especially the chip shortage is obviously good for China's automobile exports, so china's own brand passenger cars are super exported.
China's self-driving caravan (caravan) market development resumed rapid growth
Since the first motorhome with independent intellectual property rights rolled off the production line in 2001, the caravan has a development history of nearly 20 years in China. As the epidemic continues, the "aggressive" evolution of China's RV market has finally begun: sales in January-December 2021 increased by 43%, and the growth rate in the fourth quarter still reached 25%. In 2021, China's self-propelled caravan market showed a trend of low and high, showing sluggish growth pressure in the first half of the year, and gradually picking up in the second half of the year. The impact of the pandemic on long-haul and overseas travel in 2022 is still enormous, and the RV market continues to show good growth.
A large number of caravan manufacturers have emerged, and the number of caravan camps has grown rapidly. Although China's RV market is developing rapidly, consumers are relatively unfamiliar with RV products and have a weak awareness of RV camping is still the bottleneck of future growth. Therefore, increasing the exposure of caravan products, providing consumers with more test drives and experience opportunities, and gradually improving the supporting facilities and related services for caravan outings will be the core driving force for sustainable growth of the caravan market.
In 2021, the number of new energy special vehicles will reach 160,000
In the past five years, the rapid development of the express logistics industry in mainland cities, the demand for short-distance delivery capacity in the city has continued to increase significantly, which has brought huge market opportunities for electric logistics vehicles with zero emissions and suitable for short-distance distribution.
In 2020, the trend of 71,000 new energy special vehicles is relatively stable. From January to December 2021, it reached 160,000 vehicles, a growth rate of 127%, 103 percentage points higher than the growth rate in the same period, a huge increase, which is also a factor of low base. At present, the trend of new energy special vehicles in 2022 will still be significantly stronger than that of the traditional light vehicle market.
With the continuous advancement of the blue sky defense war, the development of diesel vehicles is facing a huge crisis, and the proportion of new energy vehicles in large and medium-sized cities with non-purchase restrictions has increased rapidly. Right of way is the core of new energy logistics vehicles, electric logistics vehicles to obtain the advantage of right of way, promote the development of the industry, in terms of cost of use, new energy vehicles theoretically have great advantages, the future only product acceleration design and upgrading, in order to achieve better replacement.
In 2021, the number of new energy buses will reach 50,000
In the past five years, the rapid development of new energy vehicles in the mainland urban bus passenger transport industry, and the demand for alternative diesel vehicles for urban buses have continued to increase significantly, bringing huge market opportunities for buses with zero emissions and suitable for low and medium speed characteristics. However, from 2019 to 2021, the new energy bus has not expanded the market outside the bus, and even due to the decline in the cost performance of subsidies in the non-operating field, the adaptability pressure of the new energy bus market is greater.
At the beginning of 2020, the growth of new energy vehicles was generally very sluggish, of which new energy buses were the most under pressure, with 62,500 new energy buses in the whole year, down 20% year-on-year, but improved in the second half of the year.
In December 2021, 14,300 new energy buses were sold, down 13% year-on-year. At the beginning of 2021, the growth of new energy vehicles was generally very sluggish, of which new energy buses were the most under pressure, with 48,800 new energy buses in the whole year, down 22% year-on-year.
With the continuous advancement of the blue sky defense war, the development of diesel vehicles is facing a huge crisis, large and medium-sized buses are the core of new energy urban transportation, and new energy buses have great advantages. Although the willingness of public travel has declined due to the impact of the epidemic, with the further strengthening of local subsidies for new energy buses, urban buses are still the core main market for new energy buses.