In January, production and sales of automobiles were 2.422 million units, down 16.7% and 9.2% sequentially, and 1.4% y/y and 0.9% y/y, respectively. Chen Shihua, deputy secretary-general of the China Automobile Association, said that the automobile industry has achieved a "good start".
Among them, the production and sales of new energy vehicles reached 452,000 units and 431,000 units, respectively, an increase of 1.3 times and 1.4 times year-on-year, respectively. Chen Shihua said in an interview with the China Economic Network reporter that there are many reasons why new energy vehicles continue to maintain double-speed growth, one is that new energy vehicles are driven by past policies and have entered the current market pull stage; Second, the new forces products began to be measured; Third, the importance of traditional car companies is getting higher and higher; Fourth, the export of new energy reached 56,000 units, which continued to maintain a high level, which is also an important growth point for domestic vehicles in the future; Fifth, the base number of the same period last year was not high.
Under the background of the high base of the same period last year, the whole industry has worked together to promote the stable development of the automotive market at the beginning of 2022. On Friday (February 18), the China Automobile Association released data showing that in January, automobile production and sales were 2.422 million units and 2.531 million units, down 16.7% and 9.2% respectively month-on-month, and up 1.4% and 0.9% year-on-year, respectively. Chen Shihua, deputy secretary-general of the China Automobile Association, said that the automobile industry has achieved a "good start".
The China Automobile Association believes that in January, the overall situation of automobile production and sales was stable, supported by the continued slight improvement of chip supply, superimposed on the introduction of policies to encourage automobile consumption in some places, passenger cars performed better than the overall level, and production and sales continued a stable growth trend year-on-year; Commercial vehicle production and sales continued the downward trend month-on-month and year-on-year, and the year-on-year decline was more significant.
In January, production and sales of passenger cars totaled 2.077 million units, down 17.8% and 9.7% month-on-month, up 8.7% and 6.7% year-on-year, respectively. The China Automobile Association said that passenger cars provide strong support for the stable development of the automobile market.
Among the four major categories of passenger cars, production and sales in January showed a decline month-on-month, of which MPV and crossover passenger cars fell more significantly; Compared with the same period last year, MPV production and sales declined slightly, and the other three major categories showed different degrees of growth, of which cross-type passenger cars grew faster.
In addition, the luxury car market, which leads the car market, continues to maintain rapid growth. In January, domestic sales of high-end brand passenger cars reached 381,000 units, an increase of 11.1% year-on-year, 4.4 percentage points higher than the overall growth rate of passenger cars.
By country, Chinese brand passenger cars sold a total of 1.004 million vehicles in January, down 11.7% month-on-month, up 15.9% year-on-year, accounting for 45.9% of total passenger car sales, and the share was 1.0 percentage points lower than the previous month and 3.7 percentage points higher than the same period last year.
Among the major foreign brands, compared with the previous month, the sales volume of Ashkenazi brands increased slightly, the decline in Japanese and French was slightly lower, and the decline in the United States and Koreans showed a relatively rapid decline; Compared with the same period last year, the sales growth rate of the French system is still rapid, the German and American systems show a slight increase, and the Japanese and Korean systems show a decline, of which the decline in Korean brands is more obvious.
In January, the top 10 auto sales group sold a total of 2.183 million units, down 1.0% year-on-year and accounting for 86.3% of total auto sales, 1.7 percentage points lower than the same period last year. However, new car-making forces have gradually begun to exert their strength, with a total of 121,000 units sold in January, and the market concentration reached 4.8%, 3 percentage points higher than the same period last year.
It is worth mentioning that automobile exports continue to continue to develop well, and the number of monthly exports is at a new level in history. In January, auto companies exported 231,000 units, up 3.8% month-on-month and 87.7% year-on-year. Among them, passenger car exports were 185,000 units, down 1.1% month-on-month and 94.5% year-on-year; Commercial vehicle exports were 46,000 units, up 29.5% sequentially and 64.8% yoY. In addition, the export growth contribution of new energy vehicles reached 43.7%.
In contrast, the performance of the new energy vehicle market is more eye-catching. According to the data, the production and sales of new energy vehicles in January were 452,000 units and 431,000 units, respectively, although they decreased month-on-month, but they increased by 1.3 times and 1.4 times year-on-year, respectively, and the market share reached 17%, of which the market share of new energy passenger vehicles reached 19.2%, which continued to be higher than the level of last year.
The China Automobile Association said that although the sales of new energy vehicles this month did not refresh the record, they still continued the rapid development trend of last year, and the scale of production and sales was much higher than that of the same period last year.
By model, the production and sales of pure electric vehicles reached 367,000 units and 346,000 units, respectively, an increase of 1.2 times year-on-year; Production and sales of plug-in hybrid vehicles totaled 85,000 units, up 2.0 times year-on-year; The production and sales of fuel cell vehicles reached 142 and 192 units, respectively, an increase of 3.9 times and 2.0 times year-on-year, respectively.
Chen Shihua said in an interview with the China Economic Network reporter that there are many reasons why new energy vehicles continue to maintain double-speed growth, one is that new energy vehicles are driven by past policies and have entered the current market pull stage; Second, the new forces products began to be measured; Third, the importance of traditional car companies is getting higher and higher; Fourth, the export of new energy reached 56,000 units, which continued to maintain a high level, which is also an important growth point for domestic vehicles in the future; Fifth, the base number of the same period last year was not high.
"We should cautiously and optimistically look at the future development of the market," said the China Automobile Association, first, local governments will actively introduce policies to stabilize growth to support relatively stable market demand; Second, the problem of insufficient chip supply is expected to continue to ease; Third, some passenger car companies have good market expectations for 2022, and will also play a certain supporting role in production and sales in the first quarter. However, the unfavorable factors can not be ignored, the shortage of chips in the first quarter still exists, the domestic scattered epidemic has also increased the risk of the industrial chain and supply chain, and the current policy dividend of commercial vehicles has been basically exhausted. (China Economic Network reporter Jiang Zhiwen)