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China Automobile Association: Negative growth of traditional vehicles in the first 10 months, cumulative sales of 860,000 new energy vehicles

  • Categories:Media Focus
  • Author:
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  • Time of issue:2018-11-08

(Summary description)

China Automobile Association: Negative growth of traditional vehicles in the first 10 months, cumulative sales of 860,000 new energy vehicles

(Summary description)

  • Categories:Media Focus
  • Author:
  • Origin:
  • Time of issue:2018-11-08
Information

In October, the traditional automobile industry continued to be sluggish, but new energy vehicles continued to maintain a growth rate of over 50%.

On November 9, the China Automobile Association announced the operation of China's automobile industry in October. The production and sales volume of automobiles in October was 2,334,500 and 2,380,100 respectively, a year-on-year decrease of 10.05% and 11.70% respectively, continuing the downward trend since July. In the first 10 months, the production and sales experienced negative growth for the first time this year.

In contrast to fuel vehicles, new energy vehicles have shown steady and rapid growth, especially new energy plug-in hybrid passenger vehicles. The sales growth rate in October reached 103%, and the sales growth rate in the first 10 months was as high as 155%.

 

In October, sales of new energy vehicles were 137,900, a year-on-year increase of 51.01%. The cumulative sales of new energy vehicles in the first 10 months was 860,100, an increase of 75.59% over the same period last year. Among them, the sales of pure electric vehicles were 652,600, a year-on-year increase of 62.69%; the sales of plug-in hybrid vehicles were 207,300, a year-on-year increase of 136.42%.

In terms of breakdown, sales of new energy passenger vehicles were 120,000, an increase of 76.9% year-on-year, of which 94,000 were pure electric passenger vehicles and 27,000 were plug-in hybrid passenger vehicles. Among them, plug-in hybrid passenger cars performed well. In October, the monthly sales of 27,000 units increased by 103.4%, and the sales volume in the first October reached 203,000 units, accounting for 27.21% of the total passenger car sales.

The sales of new energy commercial vehicles have dropped significantly. In October, the sales of new energy commercial vehicles were 18,000, a year-on-year decrease of 24.4%; among them, 18,000 were pure electric commercial vehicles, and the sales of plug-in hybrid commercial vehicles were 0. The cumulative sales of new energy commercial vehicles from January to October was 11.4 10,000 vehicles, an increase of 17.4% year-on-year.

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The operation of China's automobile industry in October 2018

1. General overview of production and sales:

According to data from the China Automobile Association, in October 2018, automobile production was 2,334,500 vehicles, a decrease of 0.92% month-on-month and 10.05% year-on-year; sales of 2,380,100 vehicles, a month-on-month decrease of 0.58%, and a year-on-year decrease of 11.70%.

Among them, the production of passenger cars was 2.022 million units, down 1.11% month-on-month and 10.01% year-on-year; sales of 2.0468 million units were down 0.66% month-on-month and 12.99% year-on-year. Commercial vehicle production was 332,300, a month-on-month increase of 0.26% and a year-on-year decrease of 10.30%; sales of 333,300 vehicles, a month-on-month decrease of 0.09%, and a year-on-year decrease of 2.83%.

From January to October, the production and sales of automobiles were 22,825,800 vehicles and 22,870,900 vehicles, a year-on-year decrease of 0.39% and 0.06%. Among them, the production and sales of passenger vehicles were 19.352 million and 19.034 million, down 1.04% and 1.02% year-on-year; the production and sales of commercial vehicles were 3.475 million and 3.5670 million, up 3.39% and 5.47% year-on-year.

From January to October, automobile production and sales both fell year-on-year, marking the first negative growth this year. In this regard, Yao Jie, deputy secretary general of the China Automobile Association, said that the possibility of achieving positive growth throughout this year is very small. Carry out the spirit of supply-side reform, realize enterprise transformation through the market, and realize the survival of the fittest.

Shi Jianhua, deputy secretary-general of the China Automobile Association, also said that the long-term and average effects of preferential policies may be the same. The association does not advocate short-term stimulus policies. Maintaining a low-speed and steady growth may be more conducive to the healthy development of the automobile market.

2. Production and sales of passenger vehicles:

In October, among the main types of passenger vehicles, compared with the previous month, the production of SUVs and the sales of MPVs increased slightly, while the production and sales of other types decreased; and Compared with the same period of the previous year, the production and sales of the four major categories have all declined, and the decline in multi-purpose passenger vehicles (MPV) has been more pronounced.

In October, the production and sales of basic passenger vehicles (sedans) were 989,600 and 995,800, down 2.55% and 1.01% month-on-month, and down 5.79% and 10.05% year-on-year; the production and sales of sports utility vehicles (SUVs) were 855.2 million units. And 870,900 vehicles, production increased by 3.52% month-on-month, sales decreased by 0.21%, decreased by 10.34% and 14.69% year-on-year; the production and sales of multi-purpose passenger vehicles (MPV) were 128,800 and 147,200, with production decreased by 13.80% month-on-month, and sales increased by 0.16. %, down 28.70% and 22.42% year-on-year; the production and sales of cross-type passenger vehicles were 29,500 and 32,900, down 15.29% and 5.50% month-on-month, and down 28.22% and 5.27% year-on-year.

From January to October, the production and sales of basic passenger vehicles (sedans) were 9,402,400 and 9,422,200, a year-on-year decrease of 0.44% and 0.04%; the production and sales of sports utility vehicles (SUVs) were 8,226,600 and 8.1600, respectively, year-on-year Increased by 2.49% and 1.55%; multifunctional passenger vehicles (MPV) were 1,372,400 and 1,408,600, a year-on-year decrease of 16.72% and 14.14%; the production and sales of cross-type passenger vehicles were 348,900 and 367,400, a year-on-year decrease of 19.72% and 19.05%.

3. Production and sales of new energy vehicles:

In October, the production and sales of new energy vehicles were 145,600 and 137,900 respectively, an increase of 58.13% and 51.01% respectively over the same period of the previous year. Among them, the production and sales of pure electric vehicles were 116,400 and 111,200, an increase of 49.69% and 44.70% respectively over the same period of the previous year; the production and sales of plug-in hybrid vehicles were 29,300 and 26,600, respectively, an increase over the same period of the previous year. 103.98% and 84.64%.

From January to October, the production and sales of new energy vehicles were 879,900 and 860,100 respectively, an increase of 69.95% and 75.59% respectively over the same period of the previous year. Among them, the production and sales of pure electric vehicles were 670,300 and 652,600, an increase of 56.88% and 62.29% respectively over the same period of the previous year; the production and sales of plug-in hybrid vehicles were 208,600 and 207,300 respectively, an increase over the same period of the previous year. 131.97% and 136.42%.

4. Production and sales of commercial vehicles:

In October, among the main types of commercial vehicles, the production and sales of trucks increased slightly compared with the previous month, while the sales of passenger cars decreased slightly; compared with the same period of the previous year, the production and sales of trucks and buses both declined.

In October, the production and sales of trucks amounted to 289,200 and 295,200 trucks, a month-on-month increase of 0.62% and 1.02%, and a year-on-year decrease of 10.37% and 0.54%. Among them: the production and sales of heavy trucks were 72,500 and 80,100, up 0.49% and 2.99% month-on-month, and down 24.09% and 13.25% year-on-year; the production and sales of medium-duty trucks were 12,300 and 12,100, down 1.08% and 4.71% from the previous month, and down year-on-year 45.24% and 43.31%; the production and sales of light trucks were 150,500 and 148,500, and the production and sales increased by 2.71% month-on-month, sales decreased by 0.03%, and production decreased by 2.24% year-on-year, and sales increased by 4.91%; production and sales of minivans were 53,800 and 54,700, respectively. Production volume decreased by 4.29% month-on-month, sales volume increased by 2.46%, and year-on-year growth of 6.22% and 30.81%.

In October, the production and sales of trucks amounted to 289,200 and 295,200 trucks, a month-on-month increase of 0.62% and 1.02%, and a year-on-year decrease of 10.37% and 0.54%. Among them: the production and sales of heavy trucks were 72,500 and 80,100, up 0.49% and 2.99% month-on-month, and down 24.09% and 13.25% year-on-year; the production and sales of medium-duty trucks were 12,300 and 12,100, down 1.08% and 4.71% from the previous month, and down year-on-year 45.24% and 43.31%; the production and sales of light trucks were 150,500 and 148,500, and the production and sales increased by 2.71% month-on-month, sales decreased by 0.03%, and production decreased by 2.24% year-on-year, and sales increased by 4.91%; production and sales of minivans were 53,800 and 54,700, respectively. Production volume decreased by 4.29% month-on-month, sales volume increased by 2.46%, and year-on-year growth of 6.22% and 30.81%.

From January to October, the production and sales of trucks were 3.0931 million vehicles and 3.195 million vehicles, a year-on-year increase of 4.47% and 7.04%. Among them: the production and sales of heavy trucks were 923,700 and 976,600, and the production and sales were down 3.47% year-on-year, and sales increased by 1.31%; the production and sales of medium-duty trucks were 146,100 and 154,400, down 19.67% and 17.09% year-on-year; the production and sales of light trucks were 1.5121 million and 1.5336 million vehicles, an increase of 10.23% and 12.49% year-on-year; the production and sales of minivans were 511,100 and 535,800 vehicles, an increase of 13.58% and 12.26% year-on-year.

The production and sales of passenger cars were 382,500 and 371,200, a year-on-year decrease of 4.61% and 6.38%. Among them: the production and sales of large passenger cars were 58,100 and 56,100, down 7.44% and 9.13% year-on-year; the production and sales of medium-sized buses were 56,400 and 53,300, down 0.54% and 4.77%; the production and sales of light buses were 267,900 and 261,700. , A year-on-year decrease of 4.80% and 6.10%.

5. Sales of automobile manufacturers:

In October, the top ten auto sales companies were: SAIC, Dongfeng, FAW, BAIC, GAC, Changan, Geely, Great Wall, Brilliance and Chery. Compared with the previous month, Great Wall's sales grew the fastest, with Dongfeng, BAIC, GAC and Geely increasing slightly, while the other five companies all declined. In October, the above ten companies sold a total of 2,149,900 vehicles, accounting for 90.29% of the total vehicle sales.

From January to October, the top ten companies in auto sales were SAIC, Dongfeng, FAW, BAIC, Changan, GAC, Geely, Great Wall, Brilliance and Chery. Compared with the same period of the previous year, Changan's sales volume declined rapidly, while Dongfeng and Great Wall declined slightly, while other companies had their own growth. Geely, Chery and Brilliance grew more significantly. From January to October, the above ten companies sold 20,395,800 vehicles, accounting for 89.18% of total vehicle sales.

From January to October, the top ten companies in terms of sales volume of Chinese brand cars are: SAIC, Geely, Changan, Dongfeng, BAIC, Great Wall, Chery, FAW, GAC and JAC. Compared with the same period of the previous year, Geely and SAIC’s sales have shown rapid double-digit growth, Chery and GAC’s growth rates have been slightly slower, and the other six companies have shown varying degrees of decline, with Dongfeng and BAIC’s declines being more pronounced. From January to October, the above ten companies sold a total of 9,376,300 vehicles, accounting for 81.44% of the total sales of Chinese brand vehicles.

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