On the afternoon of May 11, the China Association of Automobile Manufacturers (hereinafter referred to as the "China Automobile Association") released the latest phase of automobile production and sales data. Auto Water Pump Bearing Ring,Auto Water Pump Shaft,Water Pump Bearing Ring,Automotive Water Pump Bearings Xinchang Newsun Xintianlong Precision Bearing Manufacturing Co.,Ltd , https://www.xtlbearing.com
The data shows that in April, China's automobile production and sales completed 2.138 million units and 2.084 million units respectively. The production and sales volume decreased by 17.9% and 18.1% respectively from the previous month, down by 1.9% and 2.2% respectively over the same period of the previous year. From January to April, the production and sales of automobiles were 9.271 million and 9.906 million, respectively, up 5.4% and 4.6% year-on-year, down from 0.3 and 1.5 percentage points in the same period of the previous year. The cumulative sales growth rate continued to fall below 5%.
Chen Shihua, spokesperson of the China Automobile Association, said: "In April, both production and sales showed a downward trend compared with the same period of last year, indicating that China's automobile terminal market is weak in demand, and enterprises are facing greater pressure." For the question of whether the forecast of 5% growth rate is too optimistic at the beginning of the year, Zhongqi Shi Jianhua, deputy secretary-general of the association, pointed out that 5% has already considered the narrowing of the preferential tax policy for purchase tax and the stable forecast of consumption overdraft last year. The production and sales volume in April will not be very high, in line with expectations.
Passenger car production and sales growth rate is still lower than the industry
The production and sales volume of passenger cars in April was significantly lower than that of the same period of the previous year, which affected the overall growth of the car. The production and sales of passenger cars in the month were 1.783 million and 1.722 million, respectively, down 3.3% and 3.7% from the same period of the previous year.
In the first four months, the production and sales of passenger cars were 7.89 million and 7.67 million, respectively, up 4.2% and 2.5% from the same period of the previous year, which was lower than the overall 1.2 and 2.1 percentage points. In terms of models, compared with the same period of last year, in addition to the growth of SUV production and sales, the production and sales of cars, MPVs and crossover passenger cars all declined. Among them, MPV production and sales dropped significantly, down 14.9% and 17.9% respectively. "This is quite different from the rapid growth of commercial vehicle production and sales." Chen Shihua said.
The sales of small displacement vehicles are also worse than before. In April, sales of passenger cars of 1.6 liters and below were 1.137 million units, down 10.2% from the same period of the previous year, accounting for 66% of passenger car sales, down 4.8 percentage points from the same period of the previous year. From January to April, sales of passenger cars of 1.6 liters and below were 5.333 million, a decrease of 0.3% over the same period, accounting for 69.5% of passenger car sales. The sales volume of many car models has been affected by the decline in the purchase tax policy.
The good news is that the performance of Chinese brand cars is remarkable. In April, China's brand passenger car sales reached 733,000 units, down 1.9% year-on-year, and the market share increased by 0.8 percentage points to 42.6%. In the first four months, the sales volume of Chinese brand passenger cars was 3.453 million, a year-on-year increase of 4.6%, and the market share increased by 0.9 percentage points compared with the same period of last year. Yesterday was the first Chinese brand day in China. Xu Yanhua, deputy secretary-general of the China Automobile Association, said: "In the past ten years, we have witnessed the technological advancement and market share of the independent automobile brands. At the same time, many key technologies are still not in us. In the hands, the independent brand needs to go further."
Double points policy is expected to be released in June
The production and sales of new energy vehicles continued to maintain a steady upward trend. In April, China's new energy vehicle production and sales completed 37,000 vehicles and 34,000 vehicles respectively, an increase of 19.0% and 7.9% respectively over the same period of the previous year.
From January to April, 9.6 new energy vehicles were produced, up 1.4% over the same period of the previous year; sales were 90,000, down 0.2% from the same period of the previous year. Among them, the production and sales of pure electric vehicles were 78,000 and 73,000, respectively, up 11.0% and 9.7% respectively; the production and sales of plug-in hybrid vehicles were 18,000, down 26.8% and 27.4% respectively.
For the current growth rate of the new energy vehicle market, Ye Shengji, deputy secretary-general of the China Automobile Association, said: "The overall growth rate is relatively stable. After all, the base of new energy vehicles is relatively large now, and high growth like the past is unrealistic." Due to factors such as policy and catalog adjustment, the new energy commercial vehicle market is still in a downturn. Xu Yanhua expects the market to pick up in June.
At the same time, Xu Yanhua revealed at the meeting that the policy should be officially released in June and officially implemented in 2018. It is intended to promote the development of new energy vehicles by car companies.
Car exports continue to grow for 9 consecutive months
Fortunately, China's auto exports showed a good growth trend. In April, China's auto companies exported 68,000 vehicles, an increase of 26.3% over the same period of the previous year. The data shows that automobile exports have been growing for the 9th consecutive month since August of last year. From January to April, China's auto companies exported 245,000 vehicles, an increase of 29% over the same period of the previous year. In terms of models, passenger cars exported 173,000, an increase of 43.3% over the same period of the previous year; commercial vehicles exported 72,000, an increase of 4.1% over the same period of the previous year.
It is worth mentioning that the China Automobile Association also released relevant national data on the export “Belt and Road†based on customs data. In March, the amount of automobile goods exported to the “Belt and Road†countries was US$2.35 billion, a year-on-year increase of 15.8%, accounting for 35.4% of the total export of all automobile products. Among them, 42,000 vehicles were exported, a year-on-year increase of 44.8%, a year-on-year increase of 13.9%, accounting for 59.6% of the total number of exported vehicles. "In March, exports to the 'Belt and Road' countries along the country's total automobile goods and vehicle exports have shown rapid growth, and the growth rate is slightly faster than the entire industry." Chen Shihua said.
In the first quarter, the total amount of automobile products exported to the “Belt and Road†countries was US$6.17 billion, up 11.5% year-on-year, higher than the industry growth rate of 7.9 percentage points over the same period, accounting for 34.6% of total automobile merchandise exports. Among them, 110,000 vehicles were exported, accounting for 57.3% of the total number of vehicles exported.
In addition, the China Automobile Association also released the China Automotive Industry Climate Index for the first quarter of 2017. In the first quarter, the automobile industry sentiment index ACI was 39, which was the same as that of the fourth quarter of 2016; the automobile industry's consistent synthetic index and the leading synthetic index showed a slight decline compared with the fourth quarter of last year; the lagging synthetic index increased. Ye Shengji said: "The overall prosperity index shows that China's auto industry is still operating smoothly, but it has entered a critical state of cooling."