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

CTOnews.com news on October 16, according to the official account of Cui Dongshu, the passenger association, Cui Dongshu today analyzed the market trend and competition performance of this month, and concluded that the growth of the car market in September was stronger than expected, domestic consumption and exports of passenger cars contributed greatly in the near future, and the overall automobile market continued to strengthen.

The details of CTOnews.com are as follows:

In 2023, the automobile market will go high and low.

▲ Tu Yuan Cui Dongshu Cui Dong believes that the automobile market continued to decline a few years ago, and this year the situation shows a characteristic trend that is stronger than the previous month.

Cumulative car sales in 2019 totaled 25.7687 million units, down 8.1%.

Cumulative car sales in 2020 totaled 25.31 million, down 1.9%. In 2021, cumulative car sales totaled 26.27 million, representing a cumulative growth rate of 3.8%, finally achieving positive growth, higher than the performance in 2019.

A total of 26.7557 million cars were sold in 2022, a cumulative growth rate of 1.9 per cent.

A total of 21.0686 million cars were sold from January to September in 2023, with a cumulative growth rate of 8 per cent. September car sales totaled 2.8582 million, up 10 per cent from the same period last year and 10.9 per cent from the previous month.

The performance of the main automobile enterprise groups in September was better.

▲ figure source Cui Dongshu at the beginning of 2023 new energy promotes the differentiation of the auto market. The overall differentiation of the top three central enterprises, Dongfeng lagging behind.

New energy companies such as BYD have performed well; Chery and Tesla have performed relatively well this year. The performance of second-tier car companies is differentiated, because of the pressure of the conversion of new and old kinetic energy and the continuous loss of new energy vehicles, the differentiation of small and medium-sized enterprises with independent brands is in a serious downturn.

▲ figure source Cui Dongshu September car market is relatively strong, before the start of school in autumn is relatively strong, the trend of differentiation.

Some of the main manufacturers showed a larger growth than last month, BYD, Chery and so on continued to strengthen.

Production and marketing trend of passenger car enterprises in a narrow sense

▲ figure source Cui Dongshu sold a total of 17.8277 million narrow passenger cars from January to September 2023, representing a cumulative growth rate of 6.8%.

Sales of narrow passenger cars totaled 2.4514 million in September, up 6.9 per cent from a year earlier and 9.6 per cent from the previous month.

▲ figure source Cui Dongshu September main car enterprises are generally weak, independent strong, joint venture car enterprises slightly recovered in September.

BYD took the lead in September, while FAW-Volkswagen was stronger. Chery, Geely and Changan take the lead. The main manufacturers of passenger cars are rapidly divided, and the manufacturers dominated by new energy vehicles have a strong performance, especially the differentiation of independent performance.

Production and marketing trend of new energy passenger car enterprises

▲ Tuyuan Cui Dongshu New Energy passenger car sold 6.5 million units in 2022, an increase of 96% over the same period last year.

The new energy passenger car market grew steadily from January to September in 2023, and the sales volume increased by 830000 in September.

▲ Tuyuan Cui Dongshu recent new energy market further differentiation, BYD and Tesla rose strongly, GAC Eian, Changan Automobile, Geely and other strong growth. SAIC GM Wuling, Chery and other adjustments. Ideal and Weilai performed very well.

Production and marketing trend of traditional power passenger car enterprises

▲ Tu Yuan Cui Dongshu sold 16.66 million traditional fuel narrow passenger cars in 2022, a cumulative decrease of 6% compared with the same period in 2021. In September 2023, traditional narrow passenger car sales decreased by 1.62 million, down 0.1% from the same period last year, and increased significantly from the previous month.

The continuous downward trend of conventional passenger cars brings greater market pressure, and the trend of traditional cars is relatively low. It is hoped that traditional cars will also be stable and return to growth.

▲ Tuyuan Cui Dongshu conventional power passenger car joint venture situation is gradually changing, Chery, Changan, Geely and the joint venture market is still the leader, FAW Volkswagen and other trends are strong, while the independent brand relative to the joint venture fuel vehicle advantage is not obvious, the fuel vehicle technology of the joint venture vehicle enterprise is still super.

Classified trend of production and Marketing of Commercial vehicle Enterprises

▲ Touyuan Cui Dongshu commercial vehicle market overall trend is low, 2022 year-on-year decline of 30%, showing a rare ultra-low growth rate. From January to September, 2023, the cumulative sales of generalized commercial vehicles were 3.1262 million, with a cumulative growth rate of 15.1%.

Sales of generalized commercial vehicles in September were 395000, up 27.7% from a year earlier and up 20.1% from the previous month.

The slump at the beginning of 2023 is mainly due to the January base factor, followed by a strong monthly performance at a low base, and the growth of commercial vehicles continued to be strong in September 2023.

The main manufacturers in the commercial vehicle market are SAIC GM Wuling, BAIC Foton, Dongfeng Automobile, Sinotruk, Changan Automobile and so on, in which the performance of heavy truck and Jianghuai is relatively strong, while that of Jianling is relatively stable. China's FAW and Sinotruk in heavy trucks are doing well, and some second-tier enterprises are still under pressure.

The trend of production and marketing classification of micro-car enterprises A total of 616600 micro-cars were sold from January to September in 2023, with a cumulative growth rate of 2.9%. The total sales of micro-cars in September were 90900, an increase of 11.6% over the same period last year and 34% from the previous month.

▲ source Cui Dongshu due to the impact of the epidemic, car purchase tax halving policy effect is not obvious, Wuling relatively strong trend in 2022. September 2023 sales recovery of the main manufacturers, SAIC GM Wuling, Dongfeng relatively stable trend.

Classified trend of production and marketing of light truck enterprises

▲ source Cui Dongshu sold 2.384 million trucks in 2022, a cumulative decline of 35%.

A total of 2.1669 million trucks were sold from January to September in 2023, with a cumulative growth rate of 20.8%. Total truck sales in September were 259100, up 18.9% from the same period last year and 18.7% from the previous month.

From January to September 2023, light truck sales totaled 1.3774 million units, with a cumulative growth rate of 11.6%. In September, light truck sales increased by 163500 units, up 25.9% from the same period last year and 14.2% from the previous month.

Cui Dongshu believes that the high growth of trucks in the early stage is mainly due to the impact of the elimination of diesel vehicles in the third year, and various localities have taken strong measures to eliminate the third grade, bringing about a huge increase in purchase, which gradually returned to normal last year.

▲ figure source Cui Dongshu 2022 light truck main manufacturers differentiation is more obvious. Fukuda, the main car company, maintains a super leading position. The light truck trend of the Great Wall is very strong, mainly the Great Wall pickup truck trend is very good.

Changan has upgraded from a strong enterprise of micro-card to a strong enterprise of the second camp of light truck.

Classified trend of production and marketing of medium and heavy truck enterprises

▲ Picture Source Cui Dongshu sold 1.3136 million sets of medium and heavy trucks in 2019, down 0.9%.

In 2020, the cumulative sales of medium and heavy trucks were 1.778 million, with a cumulative growth rate of 35%.

In 2021, the cumulative sales of medium and heavy trucks were 1.572 million, a cumulative decrease of 12%.

Sales of heavy trucks were 767500 in mid-2022, a cumulative decrease of 51 per cent.

From January to September in 2023, the cumulative sales of medium and heavy trucks totaled 789400, with a cumulative growth rate of 31.5%. In mid-September, the sales of heavy trucks increased by 64% over the same period last year and 21.7% from the previous month.

The high growth of heavy trucks in the early stage is mainly due to the demand growth of road transport driven by e-commerce logistics, coupled with the excessive growth of financial loans. Household consumption under the influence of the epidemic, the trend of e-commerce further strengthens the pull of logistics and transportation, at the same time, there are comprehensive factors such as elimination and investment.

Due to the high penetration of auto finance, the problems are gradually exposed, and the consumption pressure of the auto market is greater.

▲ map source Cui Dongshu 2023 main trend differentiation, heavy truck and Shaanxi truck export Russia heavy truck is stronger, FAW heavy truck and Foton heavy truck gradually recovered under the epidemic. Dongfeng heavy truck rose strongly at the end of last year, and Sinotruk has a strong start this year, and the gap between the second-line heavy truck and the main car companies is still huge.

Sales trend of Light bus Enterprises

▲ Tu Yuan Cui Dongshu sold 408200 passenger cars in 2022, down 19.2%.

A total of 342800 passenger cars were sold from January to September in 2023, with a cumulative growth rate of 20.9%. Total bus sales in September were 45000, an increase of 32% over the same period last year and 38% from the previous month.

From January to September in 2023, light passenger sales totaled 279200 units, with a cumulative growth rate of 20.8%. Light passenger sales in September were 36700 units, up 18.9% from the same period last year and 18.7% from the previous month.

The trend of light passenger enterprises is relatively stable, the recent fluctuation is not big, because the breakthrough speed of light passenger new energy is slow, the trend of special-purpose vehicles is not very strong, so the market pressure of light passenger is still great.

▲ Tu Yuan Cui Dongshu's recent light passenger market continues to be steadily weak, with the rise of second-tier manufacturers. Jiangling has a strong trend in the past two years, followed by SAIC Chase and Changan. The export performance of SAIC Chase is very strong.

Sales trend of large and medium-sized bus enterprises

▲ Picture Source Cui Dongshu sold a total of 104000 large and medium-sized customers in 2020, down 27%.

In 2021, sales of large and medium-sized customers totaled 93600 units, down by 10%.

In 2022, the sales of large and medium-sized customers decreased by 5.6% to 88300 units.

From January to September, 2023, the total sales volume of large and medium-sized customers was 63600, with a cumulative growth rate of 21.6%.

Sales of large and medium-sized customers in September were 8300, down 6.2 per cent from a year earlier and 3 per cent from the previous month.

In the past two years, the performance of large and medium-sized passengers was relatively strong, with a high year-on-year growth, mainly due to the competition for subsidies of new energy buses, but also the result of the promotion of local governments. The impact of the epidemic subsided in 2023, so large and medium-sized buses have a chance to recover, but at present the local government is short of money and the performance of bus models is mediocre.

▲ figure source Cui Dongshu 2022 passenger car market still depends on the chaos of new energy buses, with the withdrawal of the policy, bus overdraft is more obvious. Yutong bus was super strong in September 2023, while Suzhou Jinlong car decreased in September compared with the previous month.

BYD, FAW Toyota and other buses grew better in September compared with the same period last year. The second-tier car companies in the large and medium-sized passenger market performed better in September.

Referenc

Analysis on the trend of Automobile Segmentation Market and the competitive performance of manufacturers in September

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