Abstract According to the statistical analysis of the China Association of Automobile Manufacturers, in July 2020, the automobile production and sales situation was generally stable. The month-on-month production and sales volume decreased slightly from the previous month, and continued to grow year-on-year. Among them, the growth rate of commercial vehicles was still significant. From January to July, the year-on-year decline in automobile production and sales continued to narrow. 1. Overall...
According to the statistics and analysis of the China Association of Automobile Manufacturers, in July 2020, the overall situation of automobile production and sales was stable. The month-on-month production and sales volume declined slightly from the previous month, and the year-on-year growth continued. Among them, the growth rate of commercial vehicles was still significant. From January to July, the year-on-year decline in automobile production and sales continued to narrow.
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1. Overview of the overall operation
In July 2020, as my country has achieved positive results in the overall promotion of epidemic prevention and control and economic and social development, the overall recovery of economic operations has continued to improve, especially driven by various consumption promotion policies, market entities have accelerated the resumption of business and the market At the same time, residents’ out-going consumption has increased in an orderly manner, market vitality has gradually increased, and market sales have continued to improve. In this context, automobile production and sales continued the recovery momentum since the second quarter and maintained a good operating trend.
In terms of production and sales year-on-year, auto production and sales continued to show double-digit growth that month. Among them, commercial vehicles, driven by the strong pull of trucks, have contributed significantly to the growth of the overall automobile market; the four types of trucks are still growing strongly, and the monthly sales volume of heavy trucks has increased by more than 80% year-on-year. Passenger cars continued to increase year-on-year in the same month, and the growth rate also increased.
From the perspective of industry development, although the production and sales growth momentum is good this month, the inventory of enterprises and terminals has increased significantly. Therefore, enterprises should pay attention to inventory changes to avoid excessive inventory and increase the burden on enterprises. We have also noticed that a series of consumer promotion policies promulgated by the state are gradually taking effect and are beneficial to the long-term development of the automobile market. The consumer promotion policies implemented in the first half of the year have gradually come to an end. In order to hedge the impact of the epidemic, relevant policies will be introduced one after another. However, the direct promotion of automobile consumption may weaken and the pace of policies will also slow down. We hope that local governments will introduce more policies that benefit from greater scope and are more stable, and ensure that they are implemented as soon as possible. Therefore, industry enterprises should still pay close attention to changes in the domestic market, as well as the implementation of national and local policies, timely adjust the pace of production and operation, and steadily promote high-quality development of enterprises.
2. The operation of the automobile industry in July 2020:
1. Automobile production and sales continued to grow year-on-year
In July, the production and sales of automobiles were 2.201 million and 2.112 million, a decrease of 5.3% and 8.2% from the previous month, and an increase of 21.9% and 16.4% from the previous year.
From the perspective of cumulative production and sales, from January to July, the production and sales of automobiles were 12.314 million and 12.365 million, a year-on-year decrease of 11.8% and 12.7%, respectively. The decline was 5 and 4.2 percentage points smaller than that of January to June.
2. The production and sales of passenger cars maintained year-on-year growth, and the SUV and crossover passenger car markets still performed outstandingly
In July, the production and sales of passenger vehicles were 1.729 million and 1.665 million, a decrease of 3.9% and 5.6% from the previous month, and an increase of 13.2% and 8.5% from the same period last year. Among them, the output of subdivided four types of models all increased, and sales of other models showed an increase except for MPV, which declined slightly year-on-year.
Judging from the cumulative situation, from January to July, the production and sales of passenger vehicles were 9.483 million and 9.533 million, a year-on-year decrease of 17.8% and 18.4%. The rate of decline narrowed by 4.7 and 4 percentage points respectively from January to June. In terms of vehicle types, the production and sales of cars decreased by 21.5% and 22.1% year-on-year; the production and sales of SUVs decreased by 9.9% and 11% year-on-year; the production and sales of MPV decreased by 42.5% and 40.6% year-on-year; the production and sales of cross-type passenger vehicles decreased by 14% and 15.8%. Judging from the cumulative growth rate of segmented models, SUVs and crossover passenger cars are better than the overall level.
3. Commercial vehicle production and sales continued to show substantial growth year-on-year
In July, the production and sales of commercial vehicles were 472,000 and 447,000, down 10.4% and 16.6% month-on-month, and up 70.3% and 59.4% year-on-year. From the perspective of sub-models, passenger cars showed a double-digit decline in a single month, while trucks grew very rapidly, with a year-on-year growth rate of 71.1%. The sales of four types of trucks continued to show rapid growth, of which the sales of heavy trucks increased by more than 80%. .
From January to July, the production and sales of commercial vehicles were 2.831 million and 2.832 million, up 16.4% and 14.3% year-on-year, and the growth rate was 6.9 and 5.7 percentage points higher than that from January to June. In terms of the production and sales of different models, the production and sales of passenger cars were 220 thousand and 217,000, down 11.4% and 13% year-on-year; the production and sales of trucks were 2.611 million and 2.615 million, up 19.6% and 17.4% respectively.
4. The production and sales of new energy vehicles ended year-on-year decline, showing rapid growth
In July, the production and sales of new energy vehicles were 100,000 and 98,000 respectively, an increase of 15.6% and 19.3% year-on-year. Among them, the production and sales of pure electric vehicles were 79,000 and 78,000, respectively, an increase of 17.9% and 24.2% year-on-year; the production and sales of plug-in hybrid vehicles were 21,000 and 19,000, respectively, an increase of 7.8% and 2.7% respectively.
From January to July, the production and sales of new energy vehicles were 496,000 and 486,000, a year-on-year decrease of 31.7% and 32.8% respectively. Among them, the production and sales of pure electric vehicles were 380,000 and 378,000, down 35.0% and 34.3% year-on-year; the production and sales of plug-in hybrid vehicles were 116,000 and 108,000, down 17.4% and 26.4% year-on-year; The production and sales of fuel cell vehicles were 397 and 407, respectively, down 66.1% and 63.2% year-on-year.
5. The market share of Chinese brand passenger cars ends the downward trend from the previous month
In July, the sales of Chinese brand passenger vehicles dropped slightly from the previous month, and increased slightly year-on-year. A total of 585,000 vehicles were sold, down 0.9% month-on-month and 4.5% year-on-year, accounting for 35.1% of total passenger vehicle sales. The market share increased by 1.7 percentage points from the previous month, ending the continuous decline since March. Among the major foreign brands, the sales of German and Japanese brands decreased slightly compared with the previous month, while the decline of other foreign brands was more obvious; compared with the same period of the previous year, the sales of French passenger cars dropped by more than 70%, and the sales of Korean cars dropped slightly. , Other foreign brands have shown different degrees of growth, and the growth rate of Japanese brands is close to 20%. In July, the market share of Chinese branded cars, SUVs and MPVs was 19.1%, 45% and 64.9%, respectively. Compared with the previous month, the market share all increased and the performance was better than last month.
From January to July, Chinese brand passenger vehicles sold 3.434 million units, down 25% year-on-year, accounting for 36.0% of total passenger vehicle sales, and their share dropped 3.2 percentage points from the same period last year. Among the major foreign brands, the sales of Japanese passenger cars declined slightly compared with the same period last year, while other foreign brands showed a rapid double-digit decline. From January to July, the market share of Chinese branded cars, SUVs and MPVs were 18.3%, 47.9% and 66.7%, respectively. Compared with the same period of the previous year, they still showed a downward trend.
6. Automobile exports fell year-on-year
In July, auto companies exported 62,000 vehicles, a month-on-month increase, and a year-on-year decrease of 23.1%. In terms of vehicle types, passenger vehicle exports were 45,000 units this month, up 1.1% month-on-month and down 25.9% year-on-year; commercial vehicle exports were 18,000 units, down 2.8% month-on-month and 14.9% year-on-year.
From January to July, auto companies exported 448,000 vehicles, a decrease of 21.2% year-on-year, and the rate of decrease was 0.3% larger than that of January-June. In terms of vehicle types, the export of passenger vehicles was 333,000, a year-on-year decrease of 14.2%; the export of commercial vehicles was 115,000, a year-on-year decrease of 36.3%.
7. The market concentration of key enterprise groups is higher than the same period
From January to July, the sales of the top ten enterprise groups in automobile sales totaled 11.036 million, a year-on-year decrease of 12.3%, which was 0.4% lower than the industry decline. It accounted for 89.3% of total automobile sales, 0.4 percentage points higher than the same period last year.
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