Caucus of China Automobile Manufacturers: Vehicle sales in March were 2.234 million units, down 11.7% year-on-year

In March 2022, production and sales of automobiles totaled 2.241 million units, up 23.4% and 28.4% sequentially, and down 9.1% and 11.7% year-on-year, respectively.

From January to March, production and sales totaled 6.484 million units, up 2.0% y/y, and sales totaled 6.509 million units, up 2.0% y/y.

The China Association of Automobile Manufacturers said that in March 2022, the recent outbreak of domestic epidemics, the difficulties of market players increased significantly, the smooth economic cycle encountered some constraints, and the new downward pressure was further increased. From the perspective of automobile supply, the shortage of chips has not been significantly alleviated, the price of raw materials for power batteries has risen rapidly, further pushing up the manufacturing costs of enterprise products, the production and operation activities of automobile companies have been affected to a certain extent, and the overall situation is less than expected; from the perspective of automobile consumption, the consumption momentum is obviously insufficient, and compared with the same period, it shows a certain decline.

Key figures:

1. Automobile as a whole: Sales in March 2022 were 2.234 million units, down 11.7%;

January-March 2022 cumulative sales of 6.509 million units, up 0.2%

2. Passenger cars: Sales in March 2022 were 1.864 million units, down 0.6%;

January-March 2022 cumulative sales of 5.545 million units, up 9.0%

3. Commercial vehicles: 370,000 units sold in March 2022, down 43.5%;

January-March 2022 cumulative sales of 965,000 units, down 31.7%

4. New energy vehicles: 484,000 units sold in March 2022, an increase of 114.1%;

January-March 2022 cumulative sales of 1.257 million units, up 138.6%

Net profit increased by 13.4%, and Ping An Leasing bet on the auto finance leasing business

Overview of the development of the German leasing industry in 2021, passenger cars account for 56%, commercial vehicles account for 16%

The Banking and Insurance Regulatory Commission informed: With financial publicity leasing, Mercedes-Benz Auto Finance Company infringed on the legitimate rights and interests of consumers

【Original】After FAW-Volkswagen, Dongfeng Peugeot Citroen also did this? This market space is huge

Financial Leasing Direct Leasing References:

Welcome to pay attention to the "Rent-to-Buy Research Institute" WeChat video number: