In October, the sales volume of passenger cars reached 1.992 million, and the industry returned steadily. In the future, there are three major areas worthy of attention in China.
on November 9, the passenger car market information joint meeting (hereinafter referred to as "the passenger car joint meeting") released the market analysis data of October. In October, the domestic narrow passenger car market continued to maintain a high growth rate, with an increase of 8.0%, and the sales volume reached 1.992 million; In June, the cumulative sales volume of passenger cars was 14.92 million, and the decline was further narrowed to 10.2%, reflecting the steady recovery trend of the industry
cuidongshu, Secretary General of the passenger car Association, said that the monthly growth rate of the national passenger car market remained strong in 2020. First of all, the macro-economy and export market have warmed up more than expected. There are 10 large plastic markets, especially China's export performance is strong, which has stabilized the confidence of new film blowing machines produced by the consumer film blowing machine machinery manufacturing industry, such as sheet film blowing machine, PE foam film blowing machine, multi-layer composite film blowing machine, color bar film blowing machine, heat shrinkable film blowing machine, etc. The second is the promotion of the special factors that led to the low base number of the car market in some regions after the implementation of the national six day plan in July last year. Third, the retail sales of new energy vehicles doubled significantly, driving the car market stronger
in 2020, the total retail sales of the national passenger car market was 14.92 million units, with a year-on-year decrease of 10.2%. This year, the cumulative net sales decreased by 1.69 million units, accounting for about 8% of the total retail sales last year. Among them, the reason for the decline in retail sales was mainly due to the early spring festival and the COVID-19, which affected 2.08 million vehicles in the first quarter, with a year-on-year loss of 170000 vehicles in the second quarter and an increase of 380000 vehicles in the third quarter. In October, the increment was 150000 vehicles, so it is expected that the annual reduction will be less than 1.4 million vehicles, and the annual negative growth will be about 7%
in terms of exports, in October, the export of complete passenger vehicles in broad sense was 73000, with a year-on-year increase of 45.0%. Among them, the export of independent brands reached 590000, with a year-on-year increase of 103%, and the export of joint venture brands fell by 56%
in terms of production, 2.029 million passenger cars were produced in October, an increase of 6.6% year-on-year in October 2019; The monthly cumulative production was 14.866 million, a year-on-year decrease of 10.2%, and the output decreased by 1.69 million. In October, "Niu Zhijing, chief marketing officer of cainiaolo Technology Co., Ltd., said that luxury car production increased by 27% year-on-year, joint venture brands increased by 5% year-on-year, and independent brands increased by 4% year-on-year
in terms of new energy vehicles, the wholesale sales of new energy passenger vehicles exceeded 144000 in October, with a year-on-year increase of 119.8% and a month on month increase of 15.9%. In terms of energy types, the wholesale sales volume of plug-in hybrid vehicles was 23000, with a year-on-year increase of 58.6%; The wholesale sales volume of pure electric vehicles was 121000, with a year-on-year increase of 137.2%
the China Travel Service Association pointed out that at present, residents' consumption confidence has recovered rapidly, and the higher than expected growth rate of the car market in the third quarter has brought great confidence to car companies and dealers. It is expected that in the fourth quarter, with the sprint at the end of the year and the arrival of the stocking cycle, the profits of the car market will be further improved, and the car market driven by domestic consumption will be further improved in the fourth quarter. (Wang Zi)