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

CTOnews.com June 8 news, the Federation of passengers today released the latest May 2023 national passenger car market analysis report.

Data show that retail sales in China's passenger car market reached 1.742 million in May this year, an increase of 28.6 percent over the same period last year and 7.3 percent month-on-month. Retail sales have totaled 7.632 million so far this year, up 4.2 per cent from the same period last year.

Wholesale sales of new energy passenger vehicles reached 673000 in May, an increase of 59.4 percent over the same period last year and 11.5 percent month-on-month. Since the beginning of this year, a total of 2.778 million vehicles have been wholesale, an increase of 46.5% over the same period last year. Retail sales of new energy vehicles in May were 580000, up 60.9% from the same period last year and 10.5% from the previous month. Retail sales have totaled 2.421 million so far this year, an increase of 41.1 percent over the same period last year.

The CAC pointed out that BYD's wholesale sales of new energy vehicles in May reached 239092, Tesla China 77695, Guangzhou Auto EAN 45003, SAIC passenger vehicles 29126, ideal cars 28277, Geely 27036, Changan 26914, SAIC GM Wuling 24373, Great Wall 23,755, Nagan 13029, zero running 12058, Dongfeng Egeter 10,569.

According to reports, in May this year, China's own-brand retail sales of 870000 vehicles, an increase of 41.0 percent over the same period last year, an increase of 11.0 percent over the previous month. In May 2023, the domestic retail share of independent brands was 50.3%, an increase of 4 percentage points over the same period last year, and the cumulative share of independent brands in 2023 was 50.0%, an increase of 3.5 percentage points over the same period in 2022. In May, the wholesale market share of independent brands was 55.0%, an increase of 5.2 percentage points over the same period last year.

Retail sales of mainstream joint venture brands in May were 620000, up 12.0% from the same period last year and 2.0% from the previous month. In May, the retail share of German brands was 20.6%, down 2.4 percentage points from the same period last year, and the retail share of Japanese brands was 18.0%, down 2.9 percentage points from the same period last year. The retail share of American brands reached 8.1%, an increase of 1.2 percentage points over the same period last year.

In addition, retail sales of luxury cars in May were 250000, up 39.0% from the same period last year and 8.0% from the previous month. CTOnews.com noted that luxury models fell sharply in the same period last year due to a shortage of chips, while the Federation said that the shortage problem was gradually improving this year, so the market was gradually strengthening.

Exports: this year's overall automobile exports continue the characteristics of strong growth at the end of last year. According to the statistics of the Federation, the export of passenger vehicles (including complete vehicles and CKD) in May was 302000, an increase of 64.0% over the same period last year and 1.0% month-on-month growth. From January to May, 1.381 million passenger cars were exported, an increase of 102.0% over the same period last year. New energy vehicles accounted for 30% of total exports in May. With the increase in export capacity, exports from independent brands reached 246000 in May, up 75.0 per cent and 1.0 per cent from the same period last year, while exports from joint ventures and luxury brands were 56000, up 30 per cent from the same period last year.

Production: 1.985 million passenger cars were produced in May, an increase of 18.7% over the same period last year and 14.8% higher than the previous month. Due to the risk of old inventory due to the upgrading of No. 6 emissions, enterprises are extremely cautious in production. Among them, luxury brand production increased by 23.0% over the same period last year, up 18.0% from the previous year; joint venture brand production increased by 3.0% from the same period last year, up 20.0% from the same period last year; and independent brand production increased by 28.0% from the same period last year, up 10.0% from the previous year.

Wholesale: in May, national passenger car manufacturers wholesale 1.997 million vehicles, an increase of 25.4% over the same period last year and 12.4% month-on-month growth. Since the beginning of this year, a total of 8.827 million vehicles have been wholesale, an increase of 10.4% over the same period last year. Driven by the new energy market, the performance of some car companies is obviously divided. In May, independent car companies wholesale 1.096 million vehicles, an increase of 40.0 percent over the same period last year and 10.0 percent month-on-month. The mainstream joint venture car companies wholesale 621000 vehicles, up 4.0% from the same period last year and 16.0% from the previous month. 280000 luxury cars were wholesale, up 32.0% from the same period last year and 15.0% from the previous month.

The overall performance of the main passenger car manufacturers in May is strong. There are a total of 30 passenger car manufacturers with sales of more than 10,000 vehicles (an increase of 3 over the previous year), of which 7 have a year-on-year growth rate of more than 100% and 22 have a year-on-year growth rate of more than 10%.

Inventory: the production of manufacturers increased in May, and retail sales picked up, which promoted the improvement of channel inventory, resulting in a destocking trend that the output of manufacturers was lower than that of wholesale by 12000 vehicles, while the domestic wholesale production was lower than retail by 47000 vehicles. Manufacturers and channels continued to stock 530000 vehicles from December last year to May this year, thus reducing the pressure on channel inventory.

New energy: wholesale sales of new energy passenger cars reached 67.3 in May, an increase of 59.4% over the same period last year and 11.5% month-on-month. Since the beginning of this year, a total of 2.778 million vehicles have been wholesale, an increase of 46.5% over the same period last year. Retail sales of new energy vehicles in May were 580000, up 60.9% from the same period last year and 10.5% from the previous month. Retail sales have totaled 2.421 million so far this year, an increase of 41.1 percent over the same period last year.

1) Wholesale: the wholesale penetration rate of new energy vehicle manufacturers in May was 33.7%, an increase of 7.2 percentage points over the 26.5% penetration rate in the same period last year. In May, the penetration rate of independent brand new energy vehicles was 50.4%; the penetration rate of new energy vehicles in luxury cars was 33.6%; and that of mainstream joint venture brands was only 4.3%. In May, the wholesale sales of pure electric vehicles were 480000, up 48.0 percent from the same period last year and 10.0 percent from the previous year; plug-in hybrid sales were 194000, up 98.0 percent from the same period last year, 16.0 percent from the previous month, accounting for 29.0 percent of new energy vehicles, an increase of 6 points over the same period. In May, sales of Class B electric vehicles were 137000, up 80.0% from the same period last year and 5.0% month-on-month, accounting for 29.0% of pure electric vehicles. The A00+A0 class economic electric vehicle market in the pure electric market is rising, of which the wholesale sales of Class A00 are 73000, down 31.0% from the same period last year, up 30.0% from the previous month, accounting for 15.0% of pure electric, down 18 percentage points from the same period last year; A0 wholesale sales are 155000, accounting for 32.0% of pure electric, an increase of 16 percentage points over the same period last year; A-class electric vehicles are 100000, accounting for 21.0% of pure electric share The sales volume of electric vehicles at all levels is relatively divided.

2) Retail: the domestic retail penetration rate of new energy vehicles in May was 33.3%, an increase of 6.7 percentage points over the 26.6% penetration rate in the same period last year. In May, the penetration rate of new energy vehicles in independent brands was 57.1%; that of luxury cars was 23.0%; and that of new energy vehicles in mainstream joint venture brands was only 4.0%. In terms of monthly domestic retail share, the retail share of mainstream independent brands of new energy vehicles in May was 72.8 percent, down 2.6 percentage points from the same period last year; the share of joint venture brand new energy vehicles was 4.6 percent, down 1 percentage point from the same period last year; and the share of new power was 12.8 percent, down 3.9 percentage points from the same period last year.

3) Export: 92000 new energy passenger vehicles were exported in May, an increase of 135.7% over the same period last year, up 1.2% from a month earlier, accounting for 30.5% of passenger car exports. Among them, pure electric accounted for 92.6% of new energy exports, and pure electric exports accounted for 50% of new energy exports. With the scale advantage and market expansion demand of China's new energy, more and more brands of Chinese-made new energy products go abroad, their recognition abroad continues to improve, and the service network continues to be improved. the export market of new energy is still improving and the prospect is promising. From the overseas market retail data monitoring of independent exports, A0-class electric cars account for 60% of Prida, which is the absolute main force of exports. SAIC and other independent brands have a strong performance in Europe, and BYD is rising in Southeast Asia. In addition to the beautiful performance of traditional export car companies, the recent export of new forces has also been gradually launched, overseas markets have begun to show data.

4) Automobile enterprises: the overall trend of new energy passenger car enterprises is strong in May, and BYD pure electric and plug-in twin drives consolidate the leading position of independent brand new energy; the traditional car companies represented by Changan, SAIC, Guangzhou Automobile and Geely are particularly tenacious in the new energy sector. In terms of product launch, with the multi-line development of independent car companies on the new energy route, the market base continues to expand, and the number of manufacturers' wholesale sales exceeding 10,000 vehicles has reached 12 (an increase from the previous month and 1 less than the same period last year), accounting for 82.7% of the total number of new energy passenger vehicles (81.1% last month and 78.8% in the same period last year). Among them, 239092 are BYD, 77695 are Tesla China, 45003 are Guangzhou Auto Eian, 29126 are SAIC passenger cars, 28277 are ideal cars, 27036 are Geely, 26914 are Changan, 24,373 are SAIC General Motors Wuling, 23 are Great Wall cars, 13 029 are Nezha cars, 12 058 are zero running cars, and 10 569 are Dongfeng Egeter.

5) New Power: the retail share of New Power in May was 12.8%, down 3.9 percentage points from the same period last year; the sales volume of new forces such as ideal and zero running was still strong year-on-year and month-on-month performance. Among the mainstream joint venture brands, North and South Volkswagen is in the lead, with 17478 new energy vehicles wholesale, accounting for 58% of the mainstream joint venture pure electric. Volkswagen's firm electric transformation strategy is beginning to bear fruit. Other joint ventures and luxury brands still need to be launched.

6) General mix: 62373 ordinary hybrid passenger cars were wholesale in May, an increase of 7% over the same period last year and 0% month-on-month growth. Among them, Guangzhou Auto Toyota 24700, FAW Toyota 16573, Guangzhou Automobile Honda 8652, GAC MOTOR 5642, Dongfeng Honda 2842, Changan Ford 1315, Dongfeng Fengshen 1233, the sales of the independent brand of hybrid power gradually increased.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.