According to the latest production and sales data released by the China Association of Automobile Manufacturers (hereinafter referred to as "CAAM"), from January to September 2022, my country's automobile production and sales reached 19.632 million and 19.47 million respectively, a year-on-year increase of 7.4% and 4.4%. Compared with the previous 8 months, the increase was 2.6 percentage points and 2.7 percentage points. Among them, the monthly production and sales in the third quarter grew rapidly, showing a trend of "not weak in the off-season, but recurring in the peak season", driving the industry to stabilize and rebound.
The "off-season is not short" is as follows: the production and sales of automobiles in July reached 2.455 million and 2.42 million respectively, up 31.5% and 29.7% year-on-year, setting the highest value in the same period of the past year; in August, the power cuts in the south and the spread of the epidemic were unfavorable. Under the influence of factors, the production and sales in the month were 2.395 million and 2.383 million respectively, an increase of 38.3% and 32.1% year-on-year respectively.
The "recurrence of peak season" means that automobile production and sales in September continued to maintain a rapid growth momentum year-on-year. Data show that in September, my country's automobile production and sales reached 2.672 million and 2.61 million respectively, a month-on-month increase of 11.5% and 9.5% (realized from negative to positive), and a year-on-year increase of 28.1% and 25.7%.
The analysis of the China Automobile Association pointed out that in the first half of this year, the automobile industry was affected by the shortage of chips and the rise in the price of raw materials for power batteries. In addition, the impact of the epidemic in Jilin, Shanghai and other places since the middle and late March, the production and sales of automobiles appeared in the middle and late March to April. The cliff-like decline has brought severe challenges to the steady growth of the industry. In the face of industry difficulties, the Party Central Committee and the State Council have attached great importance to them, coordinating, coordinating and implementing precise policies. Since late May, a series of policies to stabilize growth and promote consumption have been successively introduced. Among them, the policy of halving the purchase tax has greatly stimulated market vitality and effectively Helping the auto industry to get out of the trough and showing a trend of recovering growth, the auto market continued to rise and maintained a relatively high growth rate from June to September, which was the best level in the same period in the past three years, and played a positive role in stabilizing the economic market.
By convention, September and October are the peak seasons for my country's automobile consumption, known as "Golden Nine and Silver Ten". In September this year, in addition to the less-than-expected recovery of the commercial vehicle market, passenger vehicle sales have returned to a normal state and have shown rapid growth, new energy vehicle production and sales have hit a new record high, and vehicle exports have also performed well.
The cumulative sales of passenger cars reached 16.986 million units, and the market share of Chinese brands reached 50% in September
As far as the passenger car market is concerned, although the outbreak of the epidemic in many places in China has led to local static management, which has a certain impact on terminal sales, under the continuous efforts of the national purchase tax halving policy and local consumption promotion policies, passenger cars in September The automobile market continued the rapid growth momentum from June to August, and continued to maintain a relatively high growth rate year-on-year.
Data show that in September, a total of 2.332 million new passenger cars were sold, a month-on-month increase of 9.7% and a year-on-year increase of 32.7%. Among them, the domestic sales volume of traditional fuel vehicles was 1.453 million units, an increase of more than 158,000 units over the same period of the previous year, an increase of 11% month-on-month and a year-on-year increase of 12.2%, which fully shows that the policy of halving the purchase tax has a strong driving effect on the traditional fuel market.
In addition, judging from the situation in the past three months, some high-end brands have also been promoted by the preferential purchase tax policy, and the market has recovered significantly. Data show that in September, domestically produced high-end brand passenger cars sold 383,000 units, a year-on-year increase of 48.5%; the cumulative sales from January to September was 2.756 million units, a year-on-year increase of 10.9%.
It should be pointed out that with the arrival of the traditional peak sales season of "Golden Nine and Silver Ten", the intensive launch of new cars has also played a certain role in promoting the autumn auto market. At the Chengdu Auto Show, which opened at the end of August this year, more than 1,600 new cars participated in the exhibition, which can give a glimpse of the high expectations of car companies for the peak sales season. In September, heavy new vehicles such as Chery Arrizo 8, Dongfeng Honda's new generation CR-V, SAIC Feifan R7, Dongfeng Nissan ARIYA, and Leapmotor C01 were launched intensively. At the same time, it has become the best weapon to boost market sales.
In each market segment, compared with the previous month, the four major types of models all showed rapid growth, among which the cross-type passenger vehicle saw the most obvious growth; ) with a relatively low growth rate, the other three types of models all showed relatively high growth, with the growth rate approaching or exceeding 30%.
From January to September, a total of 16.986 million passenger vehicles were sold, a year-on-year increase of 14.2%, an increase of 2.5 percentage points from January to August. Among the main types of passenger vehicles, compared with the same period of the previous year, basic passenger vehicles (sedans) and sport utility vehicles (SUVs) maintained rapid growth, while the other two types of vehicles showed varying degrees of decline.
It is worth mentioning that the market share of Chinese brand passenger cars continued to increase, and in September, it occupied half of the country and reached an all-time high (aside from the special period in April this year, which was severely affected by the epidemic).
Data show that in September, Chinese brand passenger cars sold a total of 1.166 million units, an increase of 13.3% month-on-month and a year-on-year increase of 40.8%, accounting for 50% of the total passenger car sales, and the share increased by 1.6 percentage points from the previous month. The same period last year increased by 2.9 percentage points; from January to September, the cumulative sales were 8.163 million units, a year-on-year increase of 26.6%, accounting for 48.1% of the total passenger car sales, and the share increased by 4.7 percentage points over the same period of the previous year.
Chen Shihua, deputy secretary general of the China Association of Automobile Manufacturers, said that since 2020, the market share of Chinese brand passenger vehicles has continued to increase, and this year's performance is also better than the overall market situation. This is inseparable from the good performance of Chinese brands in the field of new energy vehicles.
The monthly production and sales of new energy hit a new record high, which may reach 6 million vehicles in the whole year
The latest data shows that the production and sales of new energy vehicles in September hit a record high again, with production and sales of 755,000 units and 708,000 units respectively, an increase of 9.3% and 6.2% month-on-month, a year-on-year increase of 1.1 times and 93.9%, and a market share of 27.1%.
Among them, the production and sales of pure electric vehicles were 576,800 and 539,000, an increase of 93.8% and 77.2%, respectively; the production and sales of plug-in hybrid vehicles were 177,000 and 169,000, a year-on-year increase of 183.8% and 177.5% respectively; The production and sales of fuel cell vehicles were both completed at 200 units, an increase of 18.1% and 16.8% year-on-year respectively.
From January to September, the production and sales of new energy vehicles reached 4.717 million and 4.567 million respectively, an increase of 1.2 times and 1.1 times year-on-year, and the market share reached 23.5%.
Among them, the production and sales of pure electric vehicles were 3.682 million and 3.578 million, up 101.9% and 97.9% year-on-year, respectively; the production and sales of plug-in hybrid vehicles were 1.033 million and 987,000, up 185.1% and 168.9% respectively. ; The production and sales of fuel cell vehicles were 2,400 and 2,100 units, an increase of 170.7% and 130.7% year-on-year respectively.
The increase in sales of new energy vehicles is also directly reflected in the sales performance of enterprises. According to statistics, from January to September, the sales volume of new energy companies increased significantly. Among them, the sales volume of the top ten new energy vehicle sales groups totaled 3.731 million units, a year-on-year increase of 1.2 times, accounting for 81.7% of the total sales of new energy vehicles. 5 percentage points higher than the same period last year.
Among the top ten new energy vehicle sales companies, BYD (002594) is far ahead. The cumulative sales volume in the first nine months has exceeded 1 million, accounting for 25.8% of the entire new energy vehicle market share. On the whole, compared with the same period of the previous year, various companies increased to varying degrees, among which Geely's sales growth was the most significant, reaching 383.9%.
The China Automobile Association has predicted that in 2022, my country's new energy (600,617) vehicle sales are expected to reach 5.5 million, a year-on-year increase of more than 56%. Judging from the data performance in the first three quarters of this year, it is only 1 million vehicles away from this target. Based on the historical development trend of the new energy vehicle market, it can be boldly predicted that the annual sales of new energy vehicles will be around 6 million.
In the long run, the "Announcement on Continuing New Energy Vehicles Exemption from Vehicle Purchase Tax" recently officially issued by the Ministry of Finance, the State Administration of Taxation, and the Ministry of Industry and Information Technology will further enhance the confidence of industry enterprises to develop new energy vehicles.
In the first 9 months, 2.117 million vehicles exported more than last year, and Mexico is the core incremental market
In September, auto companies exported 301,000 vehicles, down 2.6% month-on-month and up 73.9% year-on-year. In terms of models, passenger cars exported 250,000 units this month, down 3.9% month-on-month and up 85.6% year-on-year; commercial vehicles exported 51,000 units, up 4.4% month-on-month and 32.6% year-on-year. The export of new energy vehicles was 50,000, down 40.3% month-on-month and more than double the year-on-year increase.
From January to September, auto companies exported 2.117 million vehicles, a year-on-year increase of 55.5%, which has exceeded the export volume of 2.015 million in 2021. In terms of models, the export of passenger vehicles was 1.696 million units, a year-on-year increase of 60.1%; the export of commercial vehicles was 422,000 units, a year-on-year increase of 39.2%. The export of new energy vehicles was 389,000, a year-on-year increase of more than double.
In terms of the export data of each company, in September, among the top ten companies exporting complete vehicles, SAIC had the largest export volume, with an export volume of 99,000 vehicles, a year-on-year increase of 54.3%, accounting for 33% of the total export volume. However, compared with the same period of the previous year, BYD's export growth was the most significant, with the export volume reaching 8,000 units, a year-on-year increase of 4.6 times.
From January to September, among the top ten exporters of finished vehicles, compared with the same period of the previous year, all enterprises increased to varying degrees. Among them, Geely’s export growth was the most significant, with an export volume of 142,000 vehicles, an increase of 89.9% year-on-year.
In addition, according to data from the General Administration of Customs compiled by the China Association of Automobile Manufacturers, in August, among the export markets, the Mexican market was the core market for incremental growth, with a growth rate of more than 3.5 times. Among them, 112,000 new energy vehicles were exported, an increase of 39.2% month-on-month and a year-on-year increase of 54.2%. Showing a rapid growth momentum.
From January to August, among the top ten countries in China's automobile export volume, Mexico and Thailand performed strongly in the markets, with year-on-year growth of 2.2 times and 1.8 times respectively. The top three markets for new energy vehicle exports are Belgium, the UK and Thailand.
summary
Under the continuous effect of a series of consumption promotion policies such as the exemption of vehicle purchase tax for new energy vehicles and a further 10% reduction in truck tolls, the China Automobile Association expects that the production and sales of automobiles will continue to maintain rapid growth in the fourth quarter, and the export of new energy vehicles and automobiles will continue to grow. With a good development momentum, the automobile market will achieve the goal of steady growth throughout the year.
At the same time, the association also pointed out that the foundation of the domestic economic recovery is still not solid, and needs to be strengthened, and the auto market also needs to continue to be boosted by policies. At this stage, the international environment is more complicated, and the impact of changes in the external situation is still very uncertain. Inflation in major developed economies is high, and downward pressure on the world economy is increasing. This year's central and local consumption promotion policies, such as the halving of the purchase tax, have achieved immediate results. It is hoped that the relevant policies will continue next year to ensure the stable development of the auto industry.
