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

CTOnews.com November 13 news, according to the official account of Cui Dongshu, the passenger association, the car market grew faster than expected in October this year. With the increase of policy guidance for the automobile industry at the national level and the further stabilization and expansion of automobile consumption, domestic consumption and exports of passenger cars have contributed greatly in the near future, and the overall automobile market continues to strengthen, with the number expected to reach 29.5 million for the whole year, a record high.

Cui Dongshu believes that the differentiation of business is obvious in recent years. This year, the market is affected by the Spring Festival, passenger cars are under pressure due to sales promotion, commercial vehicles are stronger from January to October, and the trend in October is stronger due to environmental upgrading.

In terms of the performance of the main automobile enterprise groups, Cui Dongshu believes that the car market in October is relatively strong, some of the main manufacturers have seen a big increase compared with the previous month, and BYD and Chery have continued to strengthen.

The overall differentiation of the top three of central enterprises, Dongfeng lagged behind.

BYD took the lead in October, while FAW-Volkswagen was stronger. Chery, Geely and Changan take the lead.

Chery and Tesla have relatively strong performances 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.

CTOnews.com also noted that in terms of overall sales, total narrow multiplication sales from January to October 2023 totaled 20.2728 million units, representing a cumulative growth rate of 7.4 per cent. October narrow multiplication sales totaled 2.4451 million units, up 11.5 per cent from a year earlier and down 0.3 per cent from the previous month.

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