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

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com May 9 news, the Federation of passengers today released the national passenger car market analysis data for April 2023, the data show that the passenger car market retail sales reached 1.63 million units in April 2023, due to the impact of the epidemic in Shanghai, Jilin and other places in the same period last year, the year-on-year growth rate was 55.5%, and the month-on-month growth rate was 2.5%, which is also one of the only two positive month-on-month growth since 2010.

According to the statistics of the Federation, the export of passenger vehicles (including complete vehicles and CKD) in April was 300000, an increase of 227% over the same period last year and 3% month-on-month growth. The export of passenger cars from January to April was 1.08 million, an increase of 115% over the same period last year. New energy vehicles accounted for 30% of total exports in April.

In April, national passenger car manufacturers wholesale 1.788 million vehicles, an increase of 87.6 percent over the same period last year, and a decrease of 10.0 percent from the previous month. Since the beginning of this year, a total of 6.841 million vehicles have been wholesale, an increase of 6.9% over the same period last year.

Wholesale sales of new energy passenger vehicles reached 607000 in April, up 115.6% from a year earlier and down 1.7% from a month earlier. Since the beginning of this year, a total of 2.108 million vehicles have been wholesale, an increase of 43.0% over the same period last year. Retail sales of new energy vehicles in April were 527000, up 85.6 per cent from a year earlier, down 3.6 per cent from the previous month. Retail sales have totaled 1.843 million so far this year, an increase of 36.0% over the same period last year.

According to the data, in April, the export of new energy passenger vehicles was 91000, an increase of 1028.5 percent over the same period last year, an increase of 29.4 percent over the previous month, accounting for 31 percent of passenger car exports. Among them, pure electric accounted for 92.8 percent of new energy exports and accounted for 48 percent of new energy exports. In April, Tesla exported 35886 vehicles from China, 21450 from SAIC, 14827 from BYD, 10432 from Dongfeng Egett, 1550 from Smart Motor, 1504 from Geely, 1200 from SAIC-GM Wuling, 1134 from Great Wall, 712 from DPCA, 578 from Skyworth, 553 from Chery, 436 from SAIC Chase, 264 from FAW Red Flag, 192 from Dongfeng passenger cars, 117 from FAW cars and 114 from Dongliuzhou.

In April, the overall trend of new energy passenger car enterprises was relatively strong. BYD pure electric and plug-in twin drives consolidated the leading position of independent brand new energy; the number of manufacturers' wholesale sales exceeding 10,000 vehicles remained at 11 (unchanged from the previous month, up 6 from the same period last year), accounting for 80.6% of the total number of new energy passenger cars (80.7% last month, compared with 62% in the same period last year). Among them: 209467 from BYD, 75842 from Tesla China, 41012 from Guangzhou Auto Eian, 29874 from Geely, 26278 from SAIC, 25681 from ideal, 24166 from SAIC-GM Wuling, 20,459 from Changan, 14,863 from Great Wall, 11,080 from Nashi and 10432 from Dongfeng easyit.

The analysis points out that the passenger car industry has broken away from the original high-profit industry. Although automobile production and sales resumed in March, the profit margin of automobile sales in March is only 4.7%. Some car companies are vomiting blood and selling cars, which is under too much pressure. In particular, the most stringent State VI B standard in the world is about to be implemented, which will bring certain psychological pressure on the production of automobile enterprises. As a result of production reduction and inventory reduction, it will bring a greater loss of profits. The Tesla price increase is a very good signal, reflecting the car companies' attention to the quality of operation, which is conducive to improving the consumer wait-and-see mentality. Let consumers get out of the expectation of excessive price reduction and return to the normal purchase pace.

In April, BYD still ranks first in retail sales, with retail sales of 194000 vehicles, an increase of 85.1 per cent year-on-year and a share of 1.9 per cent. BYD remained the only car company with a share of more than 10 per cent in April.

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