Shulou(Shulou.com)11/24 Report--

According to the news of CTOnews.com on October 24, the Automobile Market Research Branch of China Automobile Circulation Association estimated that the narrow passenger car retail market in October was about 1.91 million units, an increase of 11.4% over the same period last year and a decrease of 0.7% from the previous month.

The Federation predicts that the retail volume of new energy models in October is expected to be 550000, up 73.5% from the same period last year, down 10% from the previous month, mainly due to the seasonal influence of the head manufacturers, with a penetration rate of 28.8%, which is slower than that of September sales this month. this is related to the repeated epidemic in October, which makes the car market face some growth pressure. However, as the favorable policy is nearing expiration, the terminal discounts of car companies begin to strengthen, and the Federation believes that the fishtail effect is expected to appear.

CTOnews.com has reported that the federation released its September passenger car market report earlier this month, with retail sales reaching 1.922 million in September and wholesale sales of new energy passenger vehicles reaching 675000, up 94.9% from a year earlier and 6.2% from a month earlier.

From September 1 to September, 4.341 million new energy passenger vehicles were wholesale, an increase of 115.4% over the same period last year. Retail sales of new energy passenger cars reached 611000 in September, an increase of 82.9% over the same period last year, and an increase of 14.7% from January to September. From January to September, there were 3.877 million domestic retail sales of new energy passenger vehicles, an increase of 113.2% over the same period last year.

The domestic retail penetration rate of new energy vehicles in September was 31.8%, up 11 percentage points from 21.1% in September 2021. In September, the penetration rate of new energy vehicles in independent brands was 55.2%; that of luxury cars was 29.7%; and that of new energy vehicles in mainstream joint venture brands was only 4.2%.

In terms of monthly domestic retail share, the retail share of mainstream independent brands of new energy vehicles in September was 67%, up 9.2% from the same period last year; the share of joint venture brand new energy vehicles was 5.7%, down 3.3% from the same period last year; the share of new power was 14.6%, down 2.9% from the same period last year; Tesla's share was 12.7%, down 2.9%.

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