February 13, 2020, published by the Federation the number of passenger car sales in January, and the current market situation, industry policy, consumer trends, new energy vehicles are analyzed.
1 month’s national passenger car market retail 1.699 million, down 21.5 -year percentage [ 123]
in January 2020, the narrow passenger car retail sales reached 1.699 million, down 21.5 percentage year on year. By the Federation Secretary-General Choi Dong-tree, January passenger car retail sales fell a larger end, the Spring Festival in January retail sales affected by factors working only 20 days before the biggest Chinese New Year, theoretically bring about nearly 30 percentage of retail sales loss dealers to stock relieve part of early pressure. However, due to the sudden outbreak of a new virus crown, retail dealers during the Spring Festival basic stop, in January retail sales growth lower than expected.
Specifically, in January 2020, SUV sales of 780,000, down 17.1 percentage year on year, down 21.6 percentage. Class B SUV in which an upgrade last January 6 percentage, A-level SUV fell by 17 percentage Volkswagen SUV strong joint venture in January last year, independent of the Great Wall, Chery SUV outstanding.
sold 818,000 cars, down 23.7 percentage year on year, a decline of 19.7 percentage. Driven by the high growth of luxury cars, class B, C-Class overall unchanged from last year, but A0-class, A-level trend is not very strong, so that the opening years of performance is not satisfactory.
MPV sales of 101,000, down 33.1 percentage year on year, the chain fell 23.4 percentage, still at a relatively depressed state. But structural point of view, C-level MPV market growth of 2 percentage grade B MPV market growth of 7 percentage, showing a strong feature of the home, A0-class MPV is still in the doldrums.
new energy vehicles, new energy passenger cars in January wholesale sales of 45,000, down 51.3 percentage year on year, a decline of 67 percentage. Wherein the plug-in hybrid sales 10000, 38 weight percent decrease year. Batch of pure electricSend sales 35,000, down 52 percentage year on year. January ordinary hybrid vehicle wholesale 20,800, an increase of 16 percentage January last year, the growth rate slightly lower than December’s performance.
1 month’s national passenger car market yield 1.3976 million, down 29 percentage [ 123] January 2020, the narrow passenger car production was 1.3976 million, down 29 percentage year on year, 32.7 percentage dropped to 12 months. As the Spring Festival production after considering plenty of time, so in January of the main manufacturers relatively conservative, January factory inventories fell 190,000 units, compared with the same period of the factory inventories fell more than 140,000 units, some enterprises to achieve low inventory New Year’s Day.
Specifically, in the production in January, SUV market performed relatively well, reaching 670,000, down 23 percentage, while the car market production reached 650,000, down 31 percentage, this is the first time beyond the SUV’s production of car production.
MPV market in overall production performance in January was relatively weak, the scale of only 70,000, compared with the same period 14 million of the scale fell by 47.6 percentage, the chain fell 47 percentage, so the whole performance, or consumer features to guide the development of the automotive market is relatively obvious.
car prices show
aspects of car prices, January 2020, the narrow passenger car manufacturers overall sales ranking of view, the top three FAW – Volkswagen, Shanghai Volkswagen, Shanghai GM, sales were 187,000, 145,500, 124,200; Japanese brands are still showing overall growth, Dongfeng Honda, Guangzhou Honda, Guangzhou Toyota table retail sales reached 73 000 , 76000 and 67000. In addition, the performance is still relatively independent brand differentiation characteristics, advantages companies like Geely Automobile, Chang’an Automobile, Great Wall Motor overall is good, though SAIC Motor is not included, but in addition to retail sales also showed a strong feature; In addition, second-tier companies In addition to the FAW, red, overall performance than the poor.
Market Outlook
automobile market outlook for February, expressed by the Federation February faced with unexpected impact of the epidemic is most significant, original Spring Festival consumption rhythm comprehensive change, the automobile industry chain in full standstill. Since the epidemic is still at a crucial stage, in line with the prevention and control requirements, effective implementation of corporate social responsibility, the scheduled start time delayed one week or even longer, a lot of post work to open the home office mode, but the short term is difficult to effectively restore production and management. February is the production and operation of recovery, the current recovery is slow, most of the companies have delayed one week to go to work and travel, retail lead to early start also can almost be ignored. Look beyond the current area of Hubei before February 12 after the epidemic has stabilized, but residents travel extremely cautious, so the market is expected in February may be more lower number. Originally expected positive growth of retail sales in February, for the moment to decline 30% or more. January-February cumulative decline of 25% or more.
In addition, the epidemic has brought a greater short-term impact on the automobile market in the first quarter, in April of this year if the epidemic steady decline, the impact on the national passenger car market manufacturers wholesale sales of about 110 million units, down annual increase in wholesale speed 5 percentage points to -5. Retail sales loss of 100 million units, the loss of nearly 5 percentage points to -5 percentage growth. Part of the demand is difficult to make up for this year, so the annual automobile market will bring some downward impact.
From a long-term impact of the epidemic on the automobile market to see, Choi Dong-tree believed outbreak First, to some extent, lead to public transport temporarily stop operations, thereby increasing consumer groups for private cars just need to promote non-car users purchase new car; consumers will emerge stronger after the outbreak of the power car, own-brand low threshold will be more popular, and promote consumption; the same time, because at this stage to postpone the resumption of work in car prices, stocks become sales support and the joint venture brands as part of stock less market sales will be affected.
epidemic impact on new energy vehicles larger
major groups of new energy vehicles is the purchase of city groups and networks about taxi population, the outbreak will become the driver of the car about car option causes the network system by shadowSound, along with frugal spending and reduce corporate net orders for about cars, sales of new energy vehicles face greater pressure. So that the first half of the first quarter, we expect to become the new pull through the development of new energy vehicles by way of rental networks about a main growth with greater difficulty. If years of new energy subsidy reduction efforts to a larger, full-year sales of new energy vehicles are expected to consider lowering.
It is worth mentioning that the February 26, Beijing will release 54,200 new energy car indicators, will form a hasty purchase tide, which is in February, March, new energy car production and sales will promote.