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

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com April 26 news, the Federation released the April passenger car sales forecast: April narrow passenger car retail sales are expected to 1.57 million units, month-on-month-1.3%, affected by the low base over the same period, up 49.8% year-on-year; of which new energy retail sales are expected to 500000, month-on-month growth of-8.4%, penetration rate of 31.8%.

Referring to the last report of the CTOnews.com, the March data of the Federation of passengers shows that the retail market of passenger cars in China reached 1.587 million in March, up 0.3% from the same period last year and 14.3% from the previous month. In March this year, domestic retail sales of new energy passenger vehicles reached 543000 units, an increase of 21.9% over the same period last year, and 23.6% month-on-month growth. From January to March, domestic retail sales of new energy passenger vehicles reached 1.313 million units, an increase of 22.4% over the same period last year.

The Federation said that in April this year, the daily average of retail sales in the first and second weeks of retail sales were 315,000 and 36700, respectively, compared with 8% and 23% respectively. In the third week, the average daily retail sales are expected to be 54800, 26%, which is basically the same as the trend in the second week.

The Federation pointed out that considering the end-of-quarter impulse behavior of manufacturers in the last week of March, and referring to the seasonal performance in previous years, the market is expected to be-14% month-on-month in the fourth week, and retail sales in April are estimated to reach 1.57 million vehicles.

In addition, a large number of local stimulus policies expire at the end of March, and there are few incentives at the local policy level in April, and there is expected to be no strong stimulus policy supplement in a short period of time to gently support the car market. The popularity of the price war in the whole market has subsided, the wait-and-see scenario has been alleviated in stages, and the pent-up consumer demand has also been released, which is conducive to the stabilization of the car market.

The survey results of the China Automobile Circulation Association show that at the end of March, the comprehensive inventory coefficient of automobile dealers was 1.78, down 7.8% from the previous month, and the terminal inventory was still high, but the destocking was carried out steadily.

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