星期日 , 17 1 月 2021
首頁 / English / Mainland China News / China’s car sales surge for the first time in 21 months

China’s car sales surge for the first time in 21 months

GM vehicles are parked at the General Motors Assembly plant in Oshawa, Ontario. (Photo by Lars Hagberg / AFP)

 

The China Automobile Association held an online monthly information conference yesterday (May 11) afternoon to release the production and sales data of China’s automobile industry. The sales volume in April increased 4.4% year on year, the first positive growth in 21 months.

Chen Shihua, deputy secretary-general of the China Association of Automobile Industry, said that with the continuous improvement of the epidemic prevention and control situation in China and the introduction of a series of favorable policies by the national and local governments, the production and sales of the automobile industry continued to keep a warming trend. The China Automobile Association believes that the auto industry will continue to pick up in May.

In April, car production and sales reached 2.102 million and 2.07 million respectively, up 46.6% and 43.5% month on month, up 2.3% and 4.4% year on year. Production and sales of new energy vehicles completed 80,000 vehicles and 72,000 vehicles respectively, up 31.6% and 9.7% month on month, down 22.1% and 26.5% year on year.

Chen Shihua pointed out that the overall auto market has gradually recovered, on the one hand, owing to the improvement of the epidemic prevention situation and the promotion of relevant consumption policies. On the other hand, it is driven by the replenishment of stock by enterprises. Up to now, the stock level of enterprises in the industry is normal.

Xu Haidong, the deputy chief engineer of the China Automobile Industry Association, said frankly that the impact of the epidemic on all sectors of the Chinese market and China’s export trade is still relatively serious, to a certain extent damaging the income of relevant employees and leading to a lack of consumer confidence.

About the future, the China Automobile Association stressed that the mainland’s macro-economy recovery and growth still need a process, and export-dependent enterprises are even more difficult, resulting in insufficient momentum of bulk consumption demand. What is more, work stoppages at overseas factories will also increase the supply risks of some parts in China’s automobile industry.

Therefore, the whole industry should focus on the changes in the situation of overseas epidemic prevention and control, and make corresponding preparations in advance to reduce the negative impact of the international epidemic on China’s automobile industry.

Regarding the judgment of the annual sales volume, the China Automobile Association said that whether the positive year-on-year increase in April sales volume can be maintained depends on the strength of policy support, the recovery of consumption in the mainland, and the control of overseas epidemics.

Optimistic estimates predict that if the overseas epidemic situation is effectively controlled, the sales volume in China’s auto market is expected to decline by 15% this year.

Pessimistic estimates predict that if the overseas epidemic continues to spread, affecting the third quarter or more, the Chinese auto market is expected to decline by 25%.

As for new energy vehicles, considering the latest subsidy policy, it is expected to complete sales of 1 million vehicles (excluding Tesla) throughout the year.

 

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