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In April, car companies' sales have been "waist chopped", and BYD debuted as the domestic sales champion

Affected by the epidemic, automobile production and retail sales fell sharply in April, and the production and sales of many car companies were "cut off".

According to data released today by the Association of Passenger Vehicles, passenger car production in April this year was 969,000 units, down 41.1% year-on-year and 46.8% month-on-month. Retail sales in April reached 1.042 million units, down 35.5% year-on-year and 34.0% month-on-month, and retail sales in April were both at the lowest rate in the month. From the perspective of the entire automobile market, data calculated by the China Association of Automobile Manufacturers shows that China's automobile sales in April 2022 are expected to be 1.171 million units, down 47.6% month-on-month and 48.1% year-on-year.

The report of the Federation pointed out that due to the shortage of imported parts affected by the epidemic, the suppliers of domestic parts systems involved in the Yangtze River Delta region could not supply in time, and some even completely stopped work and operation, coupled with the reduction of logistics efficiency and uncontrollable transportation time, resulting in prominent production problems. In April, the production of the five major car companies in Shanghai fell by 75% compared with March, the production of the joint venture main car companies in Changchun fell by 54%, and the overall decline in other regions was 38%, and the national radiation effect of the parts system in Shanghai was highlighted.

"Shanghai's automobile production accounts for 10% of the country's total, but the secondary impact of parts and components brought about by the epidemic is more serious, because Shanghai is the distribution center of core components, which has a greater impact on the output of car companies." Therefore, from the overall point of view, the impact of the Shanghai epidemic on national automobile sales is about 40%. Cui Dongshu told reporters that the current recovery state of automobile production is still poor, mainly the recovery state of auto parts is poor, and a large number of parts and components companies located in the Shanghai area are facing personnel unable to arrive at work, production capacity cannot be effectively released, and transportation is relatively difficult. He pointed out that the supply of parts is still the bottleneck facing the recovery of production capacity of OEMs, and it is good to see the recovery of production capacity to 60%.

From the perspective of retail sales, independent brands perform relatively well. Retail sales of self-owned brands reached 480,000 units in April, down 19% year-on-year and 37% month-on-month. The domestic retail share of independent brands in April was 46.4%, an increase of 9.6 percentage points year-on-year. This is mainly because autonomy has gained a significant increase in the new energy market, and the performance of head independent enterprises is relatively good. Mainstream joint venture brand retail sales reached 450,000 units in April, down 42% year-on-year and 24% month-on-month. Luxury car retail sales reached 120,000 units in April, down the most by 54% year-on-year and 50% month-on-month. This is because the luxury car sales area has been affected by the changes in the epidemic prevention and control situation, the production and marketing losses are huge, and the original tight balance between supply and demand has been broken again.

Cui Dongshu believes that the market share growth of independent brands in April is an accidental factor. Under the epidemic, the industrial chain of independent brands is relatively flexible, and there is no major damage to joint venture brands. In the future, with the recovery of joint venture brands, the market share of independent brands will still decline.

"Wholesale and retail sales have reached a bottoming level, which is mainly affected by the epidemic. Compared with the previous situation affected by the epidemic abroad, the domestic car market has been greatly affected. Cui Dongshu said that from the perspective of retail volume, although slightly better than the decline in production, it is still lower than expected. Because retail sales are often supported by inventory, even if production falls sharply, retail sales should not fall sharply in April, the core reason is that the epidemic prevention measures in various regions are stricter, resulting in a decline in passenger flow, which has brought about a loss of retail sales.

In April, car companies' sales have been "waist chopped", and BYD debuted as the domestic sales champion

Judging from the top ten companies in the narrow sense of passenger car retail sales, the performance is differentiated, but most of the companies' sales have been slashed. only

One company's sales volume increased, and BYD ranked first in sales. Saic-Volkswagen and SAIC-GM sales both fell by more than 50% year-on-year, while the rankings of these two companies have been squeezed out of the top five. FAW-Volkswagen, which ranked second, saw sales decline 49.2% year-on-year, while sales of Dongfeng Nissan, Geely Automobile and Changan Automobile all fell by more than 40% year-on-year. Gaga Motor Toyota, which ranked third, saw sales fall by nearly 7.3 percent year-on-year, while two other Japanese automakers, Dongfeng Honda and GAC Honda, fell by more than 30 percent.

It is worth noting that although the sales volume of new energy vehicles still maintained a growth trend in April, the growth rate declined, which was also affected and impacted by the current epidemic. According to the data, the wholesale sales of new energy passenger vehicles reached 280,000 units in April, an increase of 50.1% year-on-year and a decrease of 38.5% month-on-month. Retail sales of new energy passenger cars reached 282,000 units in April, up 78.4% year-on-year and down 36.5% month-on-month, different from the trend in April of the calendar year. From January to April, domestic retail sales of new energy passenger vehicles were 1.352 million units, up 128.4% year-on-year.

The report pointed out that the new energy vehicle market has not yet been affected by the price increase, and the order performance before the price increase is hot and the order is sufficient. In April, the month-on-month trend of new energy vehicles and traditional fuel vehicles was affected by production, and the shortage of new energy vehicles intensified, resulting in serious delays in undelivered orders. In addition, the trend of the new energy passenger car market diverged in April, and there were four companies with wholesale sales of manufacturers exceeding 10,000 units, including BYD (105,000 units), SAIC-GM-Wuling (30,000 units), Chery Automobile (16,000 units) and GAC EAN (10,000 units). Xiaopeng, Ideal, Weilai and other new car-making forces car companies sales fell by a large margin year-on-year and month-on-month.

It is worth noting that Tesla's production in China reached 11,000 units in April, but its wholesale sales reached only 1,512 units. Cui Dongshu said that this is due to poor logistics, Tesla-produced vehicles can not be effectively transported out, so there is a certain deviation from the production end to the sales end.

The report pointed out that the current high point of the domestic epidemic has passed, the resumption of work and production is gradual, and the support policy has accelerated. Changchun's automobile manufacturing capabilities were quickly revived in May with full blood. The resumption of work and production of some enterprises in Shanghai began in mid-to-late April, and the supply in May is facing a state of gradual improvement, which will meet the normal supply demand of the industrial chain as soon as possible. At present, the automotive industry chain enterprises have gradually changed from "fire-fighting" emergency response to normalized high-resilience supply chain management. For the Market in May, the orders and deliveries in the first week of "May Day" have improved significantly compared with April, but compared with last year's "May Day" there was a year-on-year decline of more than 30%, the market recovery pressure is still very large, and the epidemic situation in Beijing, Zhengzhou and other places has intensified, and now the epidemic prevention policy is more stringent, and it is expected that May will show a large negative growth year-on-year.

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