2022 is a major inflection point in China's auto market, affected by many factors, the auto market sales fell seriously from March to April, and even reached the highest level in history, which is unfavorable news for the Chinese auto market that has maintained high operation for a long time. In particular, factors such as the epidemic this year + rising oil prices + soaring lithium battery costs have led to rising car costs and rising traffic costs, which is a big blow to the automobile consumer market.
Since the outbreak of the epidemic began in the mainland in March, the core cities of the mainland automobile industry, Shanghai and Changchun, have had to stop production and wait for work due to the epidemic, and many automobile brands have announced that their production capacity is in a hurry and they cannot continue to produce new cars, and many supply chain source products cannot be produced. Among them, Tesla, SAIC Volkswagen, SAIC-GM, FAW-Volkswagen and other brands have been seriously affected, almost no new cars have rolled off the production line during the epidemic prevention and control period, and factors such as vehicle production have been blocked and the supply chain has been broken, resulting in an unprecedented sales decline in a large number of automobile brands in the past two months.
Recently, Sohu Auto released sales data as of April 17, the top 10 car companies in addition to BYD rose 133.33% year-on-year, almost all car companies are down more than 50% year-on-year, some car companies fell 20%, and this part of the car companies in addition to away from the outbreak of the epidemic There is a big reason is that its new energy models are selling quite well.
(Image from Sohu Auto)
Why this year and even April will be the inflection point of China's auto market, I think there are two major reasons, today we will analyze these two major reasons to see what has changed China's auto market. What will be the trend of China's auto market in the future, whether it is a complete replacement of fuel vehicles by new energy, or whether it will rise again after the wave of new energy subsidies, let's analyze a wave.
The first reason is that the soaring fuel price has led consumers to choose new energy models that are more energy-efficient. Especially now that the oil price is at a historical high, the cost of new energy vehicles and fuel vehicles can be nearly ten times different every month, especially the average monthly electricity fee of pure electric models with private charging piles is about 100 yuan, but even the most fuel-efficient small displacement fuel vehicle fuel costs under the same mileage have reached 500 yuan, and the difference in price is considerable in a year.
Coupled with the fact that there is no subsidy for fuel vehicles, and there are more subsidies for new energy models, in addition to the national subsidies of the state, there are also fees such as purchase tax reduction and vehicle and vessel tax, etc., which can save a lot of money by new energy vehicles, and consumers' favor for new energy vehicles is more obvious. Especially in recent years, the new energy model is becoming more and more mature and the price is gradually reasonable, the supporting industry is also relatively complete, all new energy vehicle markets are maturing, and all new energy vehicles are gradually occupying a dominant position in the market.
The second biggest reason is the rise of hybrid models. Nowadays, car companies led by domestic brands such as BYD, Great Wall, Geely, and Chery are vigorously promoting hybrid models, which consume lower energy and lower costs than pure fuel models, and the price is not as different from fuel models in previous years. Because of the iteration of technology, the current plug-in hybrid models can already achieve the same landing price (free of purchase tax) as the same level of fuel vehicles, so consumers are invariably choosing hybrid models when choosing, after all, more fuel-efficient driving experience is also better.
Summary: So 2022 will be the inflection point of China's auto market, the future of new energy vehicles will gradually replace fuel vehicles to become the main model of the market, for a long time, hybrid models will support the main sales of new energy models, the future of fuel vehicles will be gradually eliminated by the market, China's auto market will usher in new changes. (Text/Univision Auto Haoyang)
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