· The car market continues to be weak, various price cuts failed to exchange for the market to improve

Since April, many car companies have announced official declines but the market has not bought them. On May 11, the latest sales data released by the China Automobile Association showed that in April, sales of 1,994,500 vehicles, down 10.98% from the previous month, down 0.49% year-on-year, although the overall sales of vehicles still achieved 3.72% growth, but cars and MPVs Showing a downward trend. Under the round of price cuts, overall vehicle sales continued to be weak in April, still showing “negative growth”.
Passenger car slightly increased by 3.72%
The latest statistics show that in April, automobile production was 2.0797 million, down 8.93% from the previous month, up 0.59% year-on-year, down 8.25% from the same period of the previous year; sales was 199.45 million, down 10.98% from the previous month and down 0.49% from the same period last year. Among them: passenger car production was 1,754,100 units, down 9.04% from the previous month, up 5.20% year-on-year; sales were 1,668,800 units, down 10.78% from the previous month and up 3.72% year-on-year. The production of commercial vehicles was 325,600 units, a decrease of 8.29% from the previous month and a decrease of 18.63% from the same period of last year. The sales volume was 325,700 units, down 12.02% from the previous month and down 17.61% from the same period last year.
From January to April, the production and sales of automobiles were 8,280,800 and 8,144,800, an increase of 4.12% and 2.77%, which was 1.14% and 1.13% lower than the first quarter, down 4.87% and 6.30% from the same period of the previous year. Among them, passenger cars produced and sold 7,063,700 and 6,973,900 units, up 9.35% and 7.67% year-on-year; commercial vehicles produced 1,271,200 units and 1,170,900 units, down 18.50% and 19.13% year-on-year.
The continued decline in cars has led to concerns that the official decline caused by many manufacturers seems to be only wishful thinking, and has not triggered a warm response from the market. Car sales are still declining, causing industry concerns. In April, the production and sales of passenger cars fell back from the previous month and continued to grow year-on-year. In April, the production and sales of passenger cars were 1,754,100 and 1,668,800 respectively, and the production and sales decreased by 9% and 10.8% respectively compared with the previous month. Compared with the same period of last year, the production and sales increased by 5.2% and 3.7% respectively, and the growth rate dropped by 6.1%. And 7.9%.
From January to April, the production and sales of passenger cars were 7,036,700 and 6,,739,000 respectively, up 9.4% and 7.7% respectively over the same period of last year, with the growth rate falling by 0.4% and 2.8% respectively. Compared with the production and sales of four types of passenger cars, the production and sales of SUVs continued to maintain rapid growth, at 49.8% and 48.7% respectively. The growth rate of MPV production and sales exceeded 15%, respectively 17.1% and 20%; 0.5% and 2.7%; cross-type passenger car production and sales decreased by 14.9% and 17.5% respectively.
Chinese brands rely on SUV to pick up the rise of Chinese brands. The rise in SUV market share, car sales continue to decline. In April, a total of 686,400 Chinese brand passenger cars were sold, a year-on-year increase of 14.3%, and the market share increased by 3.8% over the same period of the previous year. Among them: Chinese brand cars sold a total of 196,100 units, a year-on-year increase of -14.8%, and the market share decreased by 1.3% over the same period of the previous year. Chinese brand SUVs sold a total of 238,800 units, a year-on-year increase of 91.2%, and the market share increased by 11.5% over the same period of the previous year. Chinese brand MPV sold a total of 144,100 units, a year-on-year increase of 24.3%, and the market share increased by 1.5% over the same period of the previous year.
From January to April, the sales of Chinese brand passenger cars totaled 2,297,700 units, a year-on-year increase of 19.5%, and the market share increased by 4.2% over the same period of the previous year. Among them: Chinese brand cars sold a total of 906,500 units, down 5% year-on-year, and the market share decreased by 0.6% over the same period of the previous year. A total of 966,800 Chinese brand SUVs were sold, a year-on-year increase of 103.9%, and the market share increased by 14.9% over the same period of the previous year. Chinese brand MPV sold a total of 671,900 units, a year-on-year increase of 24.7%, and the market share increased by 3.4% over the same period of the previous year.

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