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

Thanks to CTOnews.com netizens for the delivery of clues about the past. According to CTOnews.com news on October 31, Cui Dongshu, the passenger association, posted a few days ago that world car sales reached 8.09 million in September 2023, up 11% from January to September 2023. World car sales reached 65.32 million units from January to September 2023, an increase of 11% over the same period last year.

Among them, Chinese car companies accounted for 35% of the world share in September 2023, and the cumulative share from January to September this year reached 32%. Cui Dongshu said that the recovery of China's auto market was strong in September, with Chinese car companies such as BYD and SAIC rebounding most effectively, while Asian groups represented by Toyota and Suzuki Kia still performed poorly. The shortage of international chips in the past two years has had little impact on China's auto market, but has promoted the performance of China's auto exports.

After a series of declines from 2018 to 2020, car sales in the world's main countries in 2021 were 81.35 million units, up 4 per cent from a year earlier, according to the Federation of passengers. There were only 80.18 million units in 2022, down 1% from a year earlier and only slightly higher than sales in 2020. World car sales reached 65.32 million units from January to September in 2023, up 11 per cent from a year earlier, but there is still a 6.6 per cent gap from the highs of recent years.

From the perspective of the Chinese market, at the beginning of 2023, with the withdrawal of preferential policies, Chinese car sales plummeted, falling to 29% in January, rising to a better level of 32% in February-April, and rebounding to 33% in May-July. Chinese cars in August-September accounted for 35% of the world. In 2023, the world market is further divided, and China's share gradually picks up. After the withdrawal of the policy, China's auto market gradually recovered in 2023, coupled with strong exports, so the market continued to strengthen, and China's share of the world was relatively high from August to September.

According to previous reports by CTOnews.com, retail sales in the domestic narrow passenger car market reached 2.018 million in September, up 5.0% from a year earlier, and 5.0% from January to September, up 2.4% from a year earlier. BYD, FAW-Volkswagen, Geely, Changan Automobile and SAIC-Volkswagen ranked in the top five.

Looking at the retail list of new energy manufacturers alone, the top 10 in China in September are BYD, Eian, Geely, Tesla China, Changan, SAIC GM Wuling, ideal, Great Wall, Zero run, Kilai; the top 10 cumulative sales from January to September are BYD, Tesla China, Ian, SAIC GM Wuling, Geely, Changan, ideal, Great Wall, Weilai and Nezha.

Referenc

China accounted for 35% of the world's automobile share in September 2023.

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