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Mobile WebSiteChina Automobile Association: October car sales of 2.573 million new energy increase 104.5% year-on-year
From January to October, automobile production and sales were 19.519 million and 19.699 million vehicles, down 4.6% and 4.7% year-on-year. Compared with January-September, the rate of decline was 2.1 percentage points and 2.2 percentage points respectively.
China Automobile Association: October car sales of 2.573 million new energy increase 104.5% year-on-year
China Automobile Association: October car sales of 2.573 million new energy increase 104.5% year-on-year
In October, auto companies exported 109,000 vehicles, an increase of 10.1% month-on-month and a year-on-year increase of 25.7%. In terms of vehicle types, passenger vehicle exports were 85,000 units this month, up 13.1% month-on-month and 30.1% year-on-year; commercial vehicle exports were 24,000 units, up 0.6% month-on-month and 12.4% year-on-year.
China Automobile Association: October car sales of 2.573 million new energy increase 104.5% year-on-year
From January to October, auto companies exported 728,000 vehicles, a year-on-year decrease of 12.7%. In terms of vehicle types, passenger vehicle exports were 548,000, down 6.5% year-on-year; commercial vehicle exports were 181,000, down 27.4% year-on-year.
October passenger car sales increased by 9.3% year-on-year
In October, the production and sales of passenger vehicles were 2.084 million and 2.110 million, up 1.6% and 0.8% month-on-month and 7.3% and 9.3% year-on-year. Among the main types of passenger vehicles, compared with the previous month, the production and sales of multifunctional passenger vehicles (MPVs) have shown a slight increase. The output of basic passenger vehicles (sedans) has increased slightly, and the sales volume has decreased slightly. Production and sales of SUVs and crossover passenger vehicles decreased slightly, and sales increased slightly. Compared with the same period of the previous year, the production and sales of multifunctional passenger vehicles (MPV) declined, and the production and sales of other passenger vehicle types continued to grow.
China Automobile Association: October car sales of 2.573 million new energy increase 104.5% year-on-year
In October, commercial vehicle production and sales were 468,000 and 464,000, a decrease of 2.2% and 2.8% from the previous month, and a year-on-year increase of 30.9% and 30.1%. Among the main types of commercial vehicles, compared with the previous month, the output of passenger cars increased slightly, the sales volume dropped slightly, and the production and sales of trucks decreased slightly. Compared with the same period of last year, the production and sales of trucks and buses continued to maintain a rapid double-digit growth. In terms of sales of sub-models, passenger cars and trucks have shown growth, and trucks have set a new historical record for the month for the seventh time this year. In terms of truck types, heavy-duty, light-duty, and minivans also set new monthly sales records. In terms of passenger cars, light passenger cars contributed significantly to the growth.
From January to October, the production and sales of commercial vehicles were 4.203 million and 4.204 million, an increase of 22.5% and 20.9% year-on-year. The growth rate was 1.0 percentage point and 1.1 percentage points higher than that from January to September. In terms of production and sales of different models, passenger car production and sales fell by 5.2% and 6.6%, respectively; truck production and sales increased by 25.7% and 24.1%.
October, the market share of Chinese brand passenger vehicles increased month-on-year
In October, the sales of Chinese brand passenger vehicles also continued the month-on-month and year-on-year growth momentum, and the growth rate was significantly higher than that of the entire industry. A total of 869,000 vehicles were sold that month, an increase of 10.0% month-on-month and 12.4% year-on-year, accounting for 41.2% of total passenger vehicle sales. The market share increased by 3.5 percentage points from the previous month and 1.1 percentage points from the same period last year, ending the decline. trend. Among the major foreign brands, compared with the previous month, the sales volume of Korean and French brands increased rapidly, while that of American brands increased slightly, while that of German and Japanese brands declined. Compared with the same period last year, American and Japanese passenger brands The sales volume of cars has increased significantly, the German system has increased slightly, and the Korean system and French system are still showing rapid decline. In October, the market share of Chinese branded cars, SUVs and MPVs was 23.4%, 52.2%, and 69.8%, respectively, showing an increase compared with the previous month; compared with the same period of the previous year, the market share of Chinese branded cars showed a significant increase , Chinese brand SUV and MPV still declined.
The Automobile Association believes that the outstanding performance of a certain brand model has driven the rapid growth of the entire new energy vehicle market. Near the end of the year, the pressure of points has also caused some manufacturers to promote new energy products. Under the joint promotion of multiple factors, new energy vehicles in October The market's performance exceeded expectations. Regardless of high-end or low-end, there will be a market for doing well.
Conclusion
In terms of production and sales year-on-year, in October 2020, automobile production and sales continued to show double-digit growth, and the cumulative decline in automobile production and sales has narrowed to less than 5%. The China Automobile Association predicts that the annual decline in car sales is also expected to be controlled within 5%.
From the perspective of the industry development trend, as consumer confidence continues to rise, and the double eleven, auto show, and new energy to the countryside are superimposed, the recovery of market demand will continue to maintain a steady and positive trend. However, it should also be noted that the current international environment is still complex and severe, with many uncertainties and instability; the pressure of domestic prevention of imported epidemics and internal prevention of rebound is still not small, which will also bring certain risks to further consolidate market demand .
