Economic operation of China's auto industry in April 2020

In April 2020, according to the statistical analysis of the China Association of Automobile Manufacturers, the domestic epidemic prevention and control situation continued to improve, and the production and sales of the automobile industry resumed significantly. The month-on-month production and sales continued to maintain rapid growth, and also ended a year-on-year decline, showing a slight increase. Among them, commercial vehicles increased substantially year-on-year, monthly production and sales reached a record high, and trucks contributed the most; the passenger car market has not yet been fully launched, and production and sales are still below The level of the same period last year.

In April 2020, with the gradual improvement of the domestic epidemic prevention and control situation, and the introduction of a series of favorable policies by the central and local governments, the production and sales of the automotive industry continued to pick up. Among them, the production and operation of vehicle manufacturers have basically resumed, and the output has reached the level of the same period last year. The overall auto market is gradually recovering. On the one hand, it has benefited from the improvement of the epidemic prevention situation and the promotion of related consumption promotion policies; on the other hand, it is driven by the replenishment of enterprises. As of now, the stock levels of industry enterprises are basically normal.

From the data point of view, the monthly production and sales of automobiles exceeded 2 million units, slightly higher than the same period last year. The decline in production and sales of passenger vehicles has narrowed significantly, of which SUV production and sales have achieved positive growth; commercial vehicles have shown substantial growth, and monthly production and sales have reached a record high, of which heavy trucks have grown rapidly, reaching the highest monthly production and sales level, and light and micro trucks Also obvious.

Judging from the development trend of the industry, at present, although the domestic epidemic prevention and control situation is improving, the spread of overseas epidemic situation has not been effectively contained, and there is still great uncertainty in the epidemic situation. On the one hand, the recovery of domestic macroeconomic growth still needs a process, and export-dependent enterprises are even more difficult, resulting in insufficient kinetic energy for bulk consumer demand; on the other hand, the suspension of overseas factories will also increase the supply risk of some parts of the domestic auto industry . Therefore, the industry should focus on the changes in overseas epidemic prevention and control, and make appropriate preparations in advance to reduce the negative impact of the international epidemic on the domestic automotive industry.

Car sales ended 21 consecutive months of decline

In April, automobile production and sales completed 2.102 million units and 2.07 million units, an increase of 46.6% and 43.5% from the previous month, and a year-on-year increase of 2.3% and 4.4% respectively. The monthly growth rate was the first increase since this year. Monthly decline.

From January to April, automobile production and sales completed 5.596 million units and 5.76 million units, respectively, with a year-on-year decrease of 33.4% and 31.1%.

The decline in production and sales of passenger cars has narrowed significantly

In April, the production and sales of passenger cars were 1.587 million and 1.536 million, respectively, up 49.7% and 45.6% quarter-on-quarter, down 4.6% and 2.6% year-on-year, respectively, and the decline was 45.3 and 45.8 percentage points narrower than in March.

Judging by the model of the month, the growth rate of SUV production and sales has changed from negative to positive, and the decline in production and sales of the other three types of vehicles has narrowed significantly. From the specific data: SUV production and sales increased by 3.1% and 7.3% year-on-year respectively; sedan production and sales decreased by 5.6% and 6.2% year-on-year; MPV production and sales decreased by 39.6% and 36% year-on-year; cross-type passenger vehicle production and sales year-on-year respectively Down 22.8% and 11.5%.

From January to April, the production and sales of passenger cars were 4.291 million and 4.433 million, respectively, a year-on-year decrease of 37.8% and 35.3%.

Among them, the market share of Chinese brand passenger cars declined. In April, Chinese brand passenger cars sold a total of 532,000 units, a year-on-year decrease of 9.4%, accounting for 34.6% of total passenger vehicle sales, a decrease of 2.6 percentage points from the same period last year. From January to April, Chinese brand passenger cars sold a total of 1.689 million units, a year-on-year decrease of 39.3%, accounting for 38.1% of total passenger vehicle sales, a decrease of 2.5 percentage points from the same period last year.

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