Car sales fell in September, followed by new energy vehicles

On October 14, monthly automobile production and sales data released by the China Association of Automobile Manufacturers (hereinafter referred to as "China Association of Automobile Manufacturers") showed that in September this year, my country's automobile production and sales were 2.209 million and 2.271 million units respectively, down 6.2% and 5.2% year-on-year respectively. %; from January to September, automobile production and sales were 18.149 million units and 18.371 million units, down 11.4% and 10.3% year-on-year.

The quality of "Golden Nine" is insufficient! Car sales fell by 5.2% in September, and new energy vehicles fell by 34.2%. The quality of "Golden Nine" is insufficient! Car sales fell by 5.2% in September, and new energy vehicles fell by 34.2%.

The China Association of Automobile Manufacturers said that despite the overall stable development of the macro-economy, the overall performance of my country's automobile industry was weak due to unfavorable factors such as insufficient consumer confidence and early switching to National VI standards in some regions. In the third quarter, under the influence of a series of policies to stabilize employment, finance, foreign trade, foreign investment, investment, and expectations, the decline in automobile production and sales narrowed.

Although sales have increased compared with August and the decline in the auto market has narrowed, the overall auto market is still showing a downward trend.

"The decline narrowed in September, mainly because of the low base last year. In the second half of this year, the auto market gradually recovered, but the magnitude and speed of the recovery failed to meet expectations." Chen Shihua, assistant secretary-general of the China Automobile Association, said.

Previously, the China Automobile Association predicted that my country's automobile sales would decline by 5% this year. Xu Haidong, assistant secretary-general of the China Automobile Association, said in an interview with a reporter from the 21st Century Business Herald that judging from the current situation, the market is picking up. Judging from September data, the decline in the auto market is expected to further narrow, but the decline has narrowed to 5 % is more difficult. The auto market may decline by more than 5% this year.

Passenger car market pressure has not improved

In September this year, the production and sales of passenger cars were 1.865 million units and 1.931 million units, down 7.9% and 6.3% year-on-year. Among them, the production and sales of the four major categories of passenger cars all declined.

From January to September, the production and sales of passenger cars were 15.075 million units and 15.249 million units, a year-on-year decrease of 13.1% and 11.7%, and the decline was narrower than that from January to August.

However, the passenger car market is still facing tremendous pressure, and the decline in market demand has not changed significantly. "Looking at passenger car models, all models this month showed a year-on-year decline, and the pressure faced by enterprises has not been effectively improved." Chen Shihua said.

With the market downturn, Chinese brand passenger cars are facing greater pressure. In September, a total of 727,000 Chinese brand passenger cars were sold, a year-on-year decrease of 9.8%. The decline was higher than the overall level of the auto market. The market share of Chinese brand passenger cars in that month was 37.7%, a decrease of 1.5 percentage points from last year. The market share of Chinese brand passenger cars has been below 40% for six consecutive months.

In the first nine months, Chinese brand passenger cars sold a total of 5.903 million units, a year-on-year decrease of 18.5%, and the market share was 38.7%, a decrease of 3.3 percentage points.

The decrease in the market share of Chinese brand passenger cars is mainly due to the impact of the SUV market. In the first nine months of this year, the sales volume of Chinese brand SUVs was 3.422 million units, a year-on-year decrease of 18.9%. As a number of joint venture car companies launch "SUV" strategies in the Chinese market and launch a variety of SUV models in China, Chinese brand SUVs are losing their market advantage. In the first nine months, the market share of Chinese brand SUVs has dropped to 52.2% from 58.4% last year.