Passenger Association: in the first four weeks of June, the average daily retail sales of 39012 passenger cars fell 22% compared with the same period last year.

Published: Jul 01, 2020 20:04 (GMT+8)

Save

SMM: the latest data from the Federation of passengers show that in the fourth week of June (22-27), the retail performance of the passenger car market was relatively stable, with an average daily retail sales of 51627 vehicles, down 37% from the same period last year and 6% from the same period in May. Combined with previous data, the average daily retail sales of passenger cars in the first four weeks of June were 39012, down 22 per cent from a year earlier and slightly down 3 per cent from a month earlier.

乘用车零售,乘用车销量

The Federation pointed out that the retail progress in the first four weeks of June was relatively low. Assuming that sales in May were the same as in June, the current progress was estimated to be 67%, which is about 17 percentage points lower than the normal level of 83% of the average progress from January to 27 in previous years. The reason is that with the release of the demand just needed from March to May and the previously suppressed demand, coupled with the rapid rise in temperature in June, the car market has entered the traditional light quarter, and retail sales have declined seasonally. in addition, in June, the vast majority of domestic students have returned to school, the demand for urban families to buy cars has weakened, and the driving force for month-on-month growth in the car market has weakened.

Judging from the fourth week of June alone, the rate of recovery at the end of the month is on the slow side. In response to this, the Federation said that since this week is the Dragon Boat Festival holiday, the working day after the adjustment is only three days, superimposing the impact of the Beijing epidemic, Fengtai area is also an important part of Beijing's physical market, so the retail impact of the Beijing epidemic also exists.

Click to register: "2020 (Fifth) China International Nickel, Cobalt and Lithium Summit Forum"

Scan the code to sign up for the Ni-Co-Li Summit or apply to join the SMM industry exchange group:

Passenger cars retail

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

22 mins ago

What Could a Cobre Panamá Restart Mean for Global Copper Supply? [SMM Analysis]

Cobre Panamá could again become a major source of global copper supply if Panama and First Quantum agree on a new operating framework. The mine produced 330.9 kt of copper in 2023 and historically supplied around 1% of global output. While stockpile processing has resumed, fresh mining remains suspended. Any restart would likely be phased, with timing dependent on negotiations, legal conditions and operational remobilisation.

22 mins ago

5 hours ago

Vedanta Plans $2.3 Billion Expansion in India and Saudi Arabia, and Advances Tuticorin Smelter Restart

Vedanta has unveiled a major investment plan, under which Vedanta Copper intends to invest $2.3 billion in India and Saudi Arabia over the next three to four years, targeting annual copper production of more than 1 million tonnes by 2030. The company aims to produce 500,000 tonnes annually in both India and Saudi Arabia, alongside existing production of 100,000 tonnes in Fujairah, UAE. Around $2 billion will be invested in Saudi copper mining, smelting and rod projects, with an investment decision on the proposed Saudi copper smelter expected this quarter. Vedanta is also seeking to restart its Tuticorin copper smelter in India, which has been closed since 2018. The company expects a court ruling within three months and, subject to approval, plans to invest $250 million in refurbishing the facility, targeting a restart within eight to nine months and annual copper output of 250,000 tonnes. Meanwhile, its Silvassa facility is operating at around 95% capacity, with annualised copper cathode production exceeding 245,000 tonnes.

5 hours ago

7 hours ago

London BTC flags copper and antimony at Nevada Black Star

London BTC Company Limited (LSE:BTC, OTCQB:VINZF) announced on 5 October 2026 initial on-site pXRF results from its Black Star gold-critical minerals project in Pershing County, Nevada. A maiden programme collected 69 rock-chip samples along a 2.5km corridor between the Western and Eastern targets. pXRF readings showed antimony up to 0.44% Sb, copper up to 30.0% Cu, bismuth up to 0.73% Bi and silver up to 811 ppm Ag, with the antimony-copper association appearing at both ends of the corridor. The signature mirrors a historical 1985 sample 120m south of the claims (>1% Sb, 2% Cu, 700 ppm Ag). Earlier due-diligence sampling returned up to 16.23 g/t gold and 50.5 g/t silver. Samples are now with MSALABS for laboratory assays, with full multi-element geochemistry including antimony, tungsten and copper to follow. Copper, as a by-product credit, adds strategic appeal under US critical-minerals policy, though results remain preliminary field readings.

7 hours ago