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

Thanks to CTOnews.com netizens pigeon for delivering the clues of Yong Zhi! CTOnews.com March 24 news, the passenger Association released tonight the March 2023 passenger car sales forecast, March retail sales of new energy vehicles are expected to 560000.

The Spring Festival in 2023 was advanced from February in previous years to mid-late January, and the sales performance was different from that in previous years. In February, retail sales of passenger cars in the narrow sense of the Federation completed 1.388 million vehicles, an increase of 10.3% year-on-year and 7.7% month-on-month due to the low base in the same period. Of these, 439000 were new energy, 60.9% from the same period last year and 32.7% from the previous year, and the permeability rebounded to 31.6%, providing a stable and strong support to the auto market. From January to February, retail sales of narrow passenger cars totaled 2.678 million,-19.8% of the same period last year.

Under the influence of multiple unfavorable factors, the performance of the car market in January-February was poor, and the demand of the car market was initially released in March. However, due to the increased wait-and-see mood of consumers brought about by the promotion of price cuts by enterprises, the overall market recovery rate is lower than previously expected.

The Federation said that the overall discount rate of passenger cars in mid-March was about 14.4%, the overall profit level was higher than the 13.9% at the end of last month, and the terminal price competition was fierce. According to the survey, the retail target of manufacturers, which accounts for about 80% of the overall market, has increased by double digits compared with the previous month, which is basically the same as the same period last year. It is initially estimated that the narrow passenger car retail market this month is about 1.59 million units, an increase of 14.5% from the previous month, which is the same as the same period last year. Among them, new energy continued to pick up, with retail sales of about 560000 vehicles, an increase of 27.5% from the previous month, an increase of 25.8% over the same period last year, and a penetration rate of about 35.2%.

(CTOnews.com Note: domestic retail sales of new energy passenger cars reached 439000 in February, up 61.0% from the same period last year and 32.8% from the previous month. In the first two months of this year, retail sales of new energy passenger cars reached 770000, an increase of 22.8 per cent over the same period last year. )

The daily average of retail sales of major manufacturers in the first and second weeks was 315,000 and 36700 respectively, which was-16% and-18% respectively compared with the same period last year. The average daily retail sales in the third week is expected to be 40800. Due to the low base of the market affected by the epidemic in the same period last year, it increased by 10% compared with the same period last year. Taking into account the impulse of manufacturers at the end of the quarter and promotion policies in some areas, the market is expected to pick up in the fourth and fifth weeks, and retail sales are estimated to reach 1.59 million in March.

To sum up, retail sales of narrow passenger cars in March are expected to be 1.59 million, unchanged from the same period last year, up 14.5% from a month earlier, of which retail sales of new energy are expected to be 560000, up 25.8% from a year earlier, up 27.5% from a month earlier, and a penetration rate of 35.2%.

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