On March 8, the Association released an analysis of the national passenger car market for February.
According to the data, the national narrow passenger car retail sales totaled 1.246 million units in February, an increase of 4.2% year-on-year and a decrease of 40% month-on-month; the cumulative retail sales from January to February were 3.324 million units, a decrease of 60,000 units compared with the same period last year, and the overall trend was stable under the unfavorable circumstances of this year's Spring Festival 12 days earlier than last year.
The Association said that since this year's Spring Festival holiday starts on January 31, the pre-holiday production suspension and consumer car purchase will be a few days earlier, resulting in a large loss of production and sales in January. After the Spring Festival this year, some enterprises started work earlier, and the production in February was less lost due to the Spring Festival factor, which drove the market performance in February.
Although the epidemic prevention and control has been repeated since the autumn and winter of last year, the scale of residents returning to their hometowns this year has increased significantly, and then the epidemic in February has exceeded expectations involving 18 provinces and cities, and is concentrated in developed areas, larger-scale residents returning to their hometowns, more migrant workers in the province Employment trend, forming a certain support for the purchase of cars in some central and central provinces, counties and townships.
Although high oil prices have adversely affected the consumption of traditional fuel vehicles, in February, when the epidemic was sporadic in 18 provinces, many families had a high awareness of safe travel in the school season, further promoting the tide of new energy vehicle purchases.
According to the data, the sales volume of new energy vehicles in February has increased significantly compared with the same period last year, wholesale sales reached 317,000 units, an increase of 189.1% year-on-year, down 24.1% month-on-month, although the sales volume decreased compared with January, but the month-on-month decline was smaller than the previous years, while the retail sales of new energy passenger cars also reached 272,000 units, an increase of 180.5% year-on-year, down 22.6% month-on-month, and the month-on-month range was also smaller than the february trend of the calendar year.
In February, the new energy passenger car market diversified, BYD continued to take the lead, and the traditional car companies represented by the SCO Group and the GAC Group performed well in the new energy sector.
On March 3, BYD released the February car sales data, the whole series of sales of 90,268 units, of which new energy vehicle sales of 88,283 units, although down 5.8% month-on-month, but the decline is the smallest decline among the car companies that currently announced sales.
According to SAIC's official sales of passenger cars in February, SAIC passenger car new energy vehicles sold 9,184 units in February, an increase of 67.5% year-on-year and an 8.1% month-on-month decline.
In addition to BYD, SAIC and Tesla, Geely Automobile and Chery Automobile also added Geely Automobile and Chery Automobile, which entered the "10,000" camp of new energy vehicles in February, which sold 14,285 units and 10,271 vehicles respectively.
The February performance data of the "new car-making forces" led by "Wei Xiaoli" fell significantly from the previous month.
Among them, ideal automobile and WEILAI automobile sales in February fell by more than 30% month-on-month, selling 8414 and 6131 vehicles respectively, Xiaopeng Automobile sold 6225 new energy vehicles in February, down 51.8% month-on-month, this performance also made it fall into the top three of the new force team, replaced by Nezha automobile with sales of 7117 vehicles in February, an increase of 255% year-on-year, down 35.4% month-on-month.
In the second echelon, zero-run cars achieved sales of 3,435 new energy vehicles in February, up 447% year-on-year and down 57.5% month-on-month. Among the mainstream joint venture brands, North and South Volkswagen's new energy vehicles are wholesaled to 11,916 units, accounting for 58% of the mainstream joint venture.
The Association believes that the market penetration rate of new energy vehicles will rise rapidly. In January 2021, the wholesale sales penetration rate of new energy vehicle manufacturers was only 8.4%, and it increased rapidly to 20.4% in August, and it was relatively stable at about 20% in the second half of the year, although the sales of new energy vehicles in the fourth quarter of 2021 increased rapidly, but the penetration rate was basically stable. Even if the current growth of the domestic auto market is facing greater environmental pressures, the sales of new energy vehicles in February this year still reached 320,000 units, an increase of 190% year-on-year, and the penetration rate reached 21.8%, an increase of 13 percentage points from the penetration rate of 8.1% in February 2021. In terms of segmentation, in February, the penetration rate of new energy vehicles in independent brands was 41.9%; the penetration rate of new energy vehicles in luxury cars was 17.4%,, while the penetration rate of new energy vehicles in mainstream joint venture brands was only 3.5%.
For the upcoming March market, the association mentioned that the same working days in March are the same, all of which are 23 days, which is conducive to the increase in production and sales. In March last year, the number of rebates after pressing inventory and hiding sales was small, and the statistical sales were not high. The Spring Festival factors in January and February this year have a production and marketing impact, and the energy of adding inventory in March has increased.
In terms of new energy vehicles, with the decline of new energy subsidies and the rise in raw material prices, the slight adjustment of the prices of some models in the early stage has brought about a temporary downturn in orders, and the price acceptance of new energy vehicles has recovered after the Spring Festival, and many new energy vehicles still have a backlog of undelivered orders in the early stage, so the sales of new energy models in March will not be significantly affected by the decline.
In addition, the Association pointed out that this year's domestic oil prices hit a new high in the past 10 years in March, and the high oil prices directly pushed up the daily commuting cost of fuel vehicles, which is good news for the further promotion of new energy and even oil-electric hybrid technology.
Reporter: Fan Mengcheng Intern: Wu Di
Edit: Zuo Yu
Editor-in-Charge: BiDandan
Cover source: Zuo Yu