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Passenger car Association: retail sales in the passenger car market fell 6.2% year on year in June, and the new energy vehicle market fell 34.9% year on year.
Jul 8,2020 16:57CST
translation
The content below was translated by Tencent automatically for reference.

SMM: on July 8, the Federation of passengers released an analysis of the national passenger car market in June 2020, showing that retail sales in the passenger car market reached 1.654 million units in June, an increase of 2.9% over May, thus achieving a four-month retail growth from March to June.

Retail sales fell 6.2% in June compared with the same period last year, but it is not normal for the retail base to be high due to the sale of goods at low prices in June, so the analysis is mainly based on the month-on-month strength in June. The V-shaped trend of sales in the national passenger car market in the first half of the year reflects the good effect of the consumption-promoting policy to guide the market recovery after the epidemic.

Although the new energy vehicle market still has a negative growth rate of 34.9% in June compared with the same period last year, the average monthly growth rate of new energy vehicles in the second half of the year from July is expected to maintain positive growth. Tesla sold 23% of the pure electric market in June, while Tesla is still a pure increment in the second half of the year, and the electric car market in the second half of the year will be significantly higher than that in the second half of last year.

From January to June 20, retail sales in the national passenger car market totaled 7.7 million, down 23 percent from the same period last year, and this year's cumulative sales decreased by 2.24 million vehicles compared with the same period last year, accounting for about 11 percent of last year's total retail sales. The decline in retail sales this year is mainly due to the early Spring Festival and epidemic factors. On a quarterly basis, 2.08 million vehicles were lost in the first quarter and only 170000 in the second quarter.

Passenger cars exported 39000 units in June, down 35 per cent from a year earlier. From the perspective of customs automobile exports in May, exports to developing countries are on the low side, while exports to some Western European countries are relatively strong.

Passenger car production in June was 1.74 million, an increase of 13.1% over the same period last year. From January to June, total production was 7.459 million, a decrease of 23.1% over the same period last year, and a decrease of 2.3 million. Luxury car production increased by 37% in June compared with the same period last year. At present, the supply chain of auto parts in Europe has gradually resumed production, and the risk of chain breakage in the supply chain has

Manufacturers sold 1.7 million vehicles wholesale in June, up 0.9% from a year earlier and 3.7% from a month earlier. This is also a two-month positive increase in wholesale. From January to June, wholesale sales totaled 7.66 million vehicles, down 22.9 percent from the same period last year, or 2.22 million vehicles from the same period last year. June is the end of the first half of the year, and some manufacturers and dealers are implementing various strong measures to promote sales.

The factory inventory increased by 39000 vehicles in June, the production growth before the production cut-off in June was small, and the production performance of Japanese brands was excellent. The channel inventory increased by 7000 vehicles in June, and the dealer inventory continued to replenish slightly from April to June.

Wholesale sales of new energy passenger vehicles in June were 85600, down 34.9% from a year earlier and up 20.1% from a month earlier. Among them, plug-in hybrid sales of 17700 vehicles, down 11% from the same period last year. Wholesale sales of pure electric vehicles were 67000, down 40 per cent from a year earlier. In June, the trend of high-end electric vehicles was obvious. Electric vehicles of Class A and below decreased by 56% compared with the same period last year. Electric vehicles of Class B and above increased eight times compared with the same period last year. In June, sole proprietorship and joint venture new energy had a strong performance and became an important force in the new energy vehicle market.

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