On May 10, data from the Association of Passenger Vehicles showed that in April, the national production of narrow passenger cars was 969,000 units, down 41.1% year-on-year, wholesale sales were 946,000 units, down 43.0% year-on-year, and the cumulative wholesale sales from January to April were 6.386 million units, down 4.5% year-on-year. At the same time, the output of new energy passenger vehicles in April was 293,000 units, an increase of 52.6% year-on-year, wholesale sales were 280,000 units, down 38.5% month-on-month, an increase of 50.1% year-on-year, and the cumulative wholesale sales from January to April maintained a year-on-year high growth of 119.0%.
The analysis pointed out that the supply and demand ends of the automobile market are facing continuous severe challenges, the market recovery pressure in May is still very large, and it is necessary to vigorously promote consumption, and it is expected that the retail sales of new energy vehicles in May will be high growth compared with April.
The data shows that the wholesale penetration rate of new energy vehicle manufacturers in April was 29.6%, an increase of 18 percentage points from the penetration rate of 11.2% in April 2021. Among them, the penetration rate of independent brand new energy vehicles is 48.8%, and the penetration rate of luxury vehicles is 4.8%, while the penetration rate of mainstream joint venture brand new energy vehicles is only 3.7%.
In addition, plug-in hybrid models showed a high growth rate. In April, the wholesale sales of pure electric vehicles increased by 39.9% year-on-year to 214,000 units, and the sales of plug-in hybrids were 66,000 units, up 96.8% year-on-year.
From the perspective of brands, the independent advantages of the independent brand industry chain are becoming increasingly prominent, and a large increment has been obtained in the new energy market, such as BYD, SAIC-GM-Wuling, Chery Automobile and GAC Aeon, which has made independent brands account for 46.4% of the domestic retail share, and the cumulative share of 46% from January to April.
At present, Changchun's automobile manufacturing capacity was rapidly revived in May. 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. Automotive industry chain enterprises have gradually changed from "fire-fighting" emergency response to normalized high-resilience supply chain management.
The analysis of the association pointed out that the supply and demand ends of the automobile market are facing continuous severe challenges. At present, the domestic epidemic situation is still gradually improving, and the excessively pessimistic negative growth is not yet a foregone conclusion, and it is still necessary to jointly increase efforts to promote consumption.
Looking forward to the market situation in May, the association analyzed that the orders and deliveries in the first week of "May Day" had a significant improvement compared with April, but there was a year-on-year decline of more than 30% compared with last year's "May Day", although the release of consumer demand was delayed in March and April, but the market recovery pressure was still very large. At the same time, the supply of new energy vehicles in May will improve significantly month-on-month, and it is expected that the retail sales of new energy vehicles in May will show high growth compared with April.
[Reporter] Wei Hongquan Gong Qianshu
【Author】 Wei Hongquan; Gong Qianshu
【Source】 Southern Press Media Group South + client