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

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com August 15 news, the Secretary General of the Federation of passengers Cui Dongshu said today that social car production dropped by 4% in July 2023, and 750000 new energy vehicles were produced, with a penetration rate of 32.4%. At present, the relationship between car and real estate sales is 43 square meters of a new house.

Cui Dongshu also said that with the continuation of the high base in July, there is great pressure for negative growth, so promoting car market consumption can promote more measures, such as reducing personal tax for car buyers, going to the countryside, encouraging marriage and buying cars, and driving car consumption to promote economic growth.

CTOnews.com collates and summarizes the relevant data analysis information as follows:

Auto consumption recovered strongly in July, retail sales of consumer goods totaled 3.6761 trillion yuan, an increase of 2.5 percent over the same period last year. Of this total, consumer auto products fell by 2%. Retail sales of consumer goods other than cars totaled 3.2906 trillion yuan, up 3.0 percent.

From January to July, retail sales of consumer goods totaled 26.4348 trillion yuan, up 7.3 percent from a year earlier, according to ▲ source Cui Dongshu official account. Of this total, retail sales of automobile consumer goods increased by 6%. Retail sales of consumer goods other than automobiles totaled 23.8083 trillion yuan, up 7.5 percent.

The automobile consumption from 2018 to 2019 is relatively low, the entry-level consumption is still insufficient, and the upgrading of middle and high-end consumption is outstanding. Automobile consumption in 2020 was high before and after it was affected by the epidemic factors of Spring Festival at the beginning of the year. In 2021, the contribution of automobile to consumption is positive, forming the trend of high before and low after. 2022 repeats the fluctuation trend under the epidemic at the beginning of 2020. 2023 got off to a weak start, as car consumption achieved the high growth before the withdrawal of the car purchase tax policy in December 2022, resulting in a serious overdraft at the beginning of 2023. The subsequent low base contributed to the high growth in March-May and declined due to the high base in June-July.

Automobile production gradually strengthened in July, the output of 303 of the 620 products increased year on year, and automobile production in July was 2.324 million, down 3.8 percent, including 752000 new energy vehicles, an increase of 24.9 percent.

▲ figure source Cui Dongshu official account 2023 automobile added value performance is better from January to July, the industrial added value of large-scale industries increased by 3.8% year-on-year, of which the automobile added value increased by 12%. In July, the added value of 23 of the 41 major industries maintained year-on-year growth, of which the automobile manufacturing industry grew by 6.2%.

▲ figure source Cui Dongshu official account the added value of the automobile industry increased by 4.9% in 2018% in 2019, 1.8% in 2019, rebounded to 6.6% in 2020, and hovered at 5.5% in 2021, and 6.3% in January-December 2022.

"the increase from January to July in 2023 is relatively huge, and the added value is good," Cui Dongshu said.

The utilization rate of automobile capacity was stable in the second quarter, and the utilization rate of industrial capacity across the country was 74.5 percent, an increase of 0.2 percentage points over the first quarter. The automobile manufacturing industry is 73.3%, which is weaker than the national industrial level.

▲ Tu Yuan Cui Dongshu official account New Energy vehicle production average daily sedan production in July was 27000, down 12% from a year earlier. Cui Dongshu said, "due to the high base of epidemic factors this year, car production is mediocre. Production recovered quickly in July this year, with obvious characteristics of adding inventory."

▲ image source Cui Dongshu official account

▲ source Cui Dongshu official account specific breakdown of products, in July, the average number of cars per day was 75000, down 3.8%. Considering the high base effect in July 2022, Cui Dongshu also believes that "the performance of high growth this year is very good."

In 2023, automobile investment resumed growth. From January to July in 2023, automobile investment increased by 19.2%. The recovery is obvious, which is at the highest level in the past six years. The growth of new energy has led to a gradual improvement in the downturn in investment in the automotive industry.

▲ source Cui Dongshu official account housing prices skyrocketing squeeze effect of the car market continued strong 2016-2019 property market hot impact, the late gradual cooling to promote the car market is better. At present, the property market warms up under the low base from January to July in 2023, and the sales in the eastern region are better, which is the last phenomenon of cutting leeks in real estate. The current household income does not support the persistently high debt, so the cooling of the property market is conducive to the development of the car market.

▲ Touyuan Cui Dongshu official account said that the relationship between car sales and real estate sales in 2023 is 43 square meters of room: one car, the comparison of sales is more unreasonable, although the saloon car compared to the highest 70 square meters of a car improved in 2020, but the squeeze consumption pressure is still large, resulting in a serious downturn in the car market demand relative to the property market.

▲ Tu Yuan Cui Dongshu official account real estate loans shrank sharply, and investment in the property market is mainly supported by deposits and advance payments from residents, which has a certain diversion impact on car purchase funds in the car market.

In 2023, consumption in the car market needs sustained policy support. In July, retail sales of consumer goods totaled 3.6761 trillion yuan, an increase of 2.5 percent over the same period last year. Of this total, retail sales of consumer goods other than cars totaled 3.2906 trillion yuan, an increase of 3.0%. The retail sales of automobile consumer goods totaled 385.5 billion yuan, down 2 percent.

From January to July, retail sales of consumer goods totaled 26.4348 trillion yuan, up 7.3 percent from a year earlier, according to ▲ source Cui Dongshu official account. Of this total, retail sales of consumer goods other than cars totaled 23.8083 trillion yuan, an increase of 7.5 percent. Retail sales of automobile consumer goods totaled 23.5742 trillion yuan, an increase of 6 percent.

At present, the problem of sluggish consumption has improved slightly. Although automobile consumption has returned to positive growth from January to July, it is about to usher in a high base figure after July, and the growth pressure is still great. In recent years, the consumption of refined oil is relatively high, which is also the loss of sales of automobile consumption. In the overall social retail, the retail performance of commodities above the quota is stronger, which is also the first reversal in recent years, reflecting the better effect of refined oil consumption on overall bulk consumption.

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