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.
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.
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