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

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com Sept. 9 news, Cui Dongshu, secretary-general of the passenger Association, today sent an article through his official account to analyze the operating characteristics of the passenger car market in August. The summary data of CTOnews.com are as follows:

In that month, retail sales in the passenger car market reached 1.92 million, an increase of 2% over the same period last year and 9% month-on-month, showing a "month-on-month growth trend that has never been seen since the beginning of this century."

The wholesale penetration rate of new energy vehicle manufacturers in that month was 35.7%, 5.5 percentage points higher than the penetration rate of 30.2% in the same period last year. Among them, the penetration rate of independent brand new energy vehicles is 51%; the penetration rate of new energy vehicles in luxury cars is 34.6%; and the penetration rate of mainstream joint venture brand new energy vehicles is only 6.1%.

The domestic retail penetration rate of new energy vehicles in that month was 37.3%, up 9 percentage points from 28.4% in the same period last year. Among them, the penetration rate of independent brand new energy vehicles is 60.2%; the penetration rate of new energy vehicles in luxury cars is 30.0%; and the penetration rate of new energy vehicles in mainstream joint venture brands is only 5.2%.

In that month, the domestic retail share of independent brands was 52.1%, an increase of 6.1 percentage points over the same period last year.

The cumulative share of independent brands in 2023 is 50%, an increase of 4.7 percentage points compared with the same period in 2022.

The retail share of German brands is 20.1%, down 1 percentage point from the same period last year.

The retail share of Japanese brands was 16.7%, down 4 percentage points from the same period last year.

The retail share of American brands reached 8.5%, down 0.4 percentage points from the same period last year.

Referenc

Analysis on the Operation characteristics of passenger car Market in August

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