·In the first two months of the auto market, the growth rate dropped below 5%

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After the opening of the door in January, what is the trend of the auto market? A few days ago, the China Automobile Association released data. In February, the sales of automobiles were 1,580,900, a decrease of 36.94% from the previous month and a decrease of 0.86% from the same period last year. Different from before, the growth rate of passenger cars in February slowed down compared with the same period of last year, while the decline of commercial vehicles narrowed. On this basis, the sales volume of the first two months was 4.087 million, a year-on-year increase of only 4.4%. This means that China's car growth rate failed to achieve new breakthroughs in the first two months, but fell back below 5%.

The analysis pointed out that with the implementation of the small-displacement passenger car purchase tax halving policy, the marginal effect is weakening and the market trend will be challenged again. However, new energy vehicles will maintain a rapid development trend.

The market growth rate dropped sharply in the first two months

Data show that in February, China's automobile production was 1,611,800 units, down 34.43% from the previous month and down 1.31% year-on-year; sales were 1,580,900 units, down 36.94% from the previous month and down 0.86% from the same period last year. Compared with the previous passenger car, the market has seen a significant decline in production and sales. In February, the production and sales of passenger cars showed a significant decline. Among them, passenger cars produced 1.425 million, down 34.96% from the previous month, down 0.83% year-on-year; sales were 1,367,700, down 38.45% from the previous month. , down 1.53% year-on-year.

On this basis, the production and sales of automobiles in January and February were 4.069 million and 4.087 million, respectively, up 3.7% and 4.4% over the same period of the previous year, higher than the same period of the previous year. Among them, the growth rate of production has dropped, and the growth rate of sales has remained basically the same. Yao Jie, deputy secretary-general of the China Automobile Association, said that China's automobile production and sales continued to grow in the first two months, but the growth rate has declined. Among them, commercial vehicles have declined year on year, but the decline has narrowed significantly.

According to data from the Association, China's narrow passenger car sales fell 1% year-on-year, the first time in 10 years, and the decline of 42.2% from the previous month was also the highest in a few years. The analysis pointed out that from the data of the previous two months, the market has obvious signs of falling, but the market trend in March will be more telling.

The effect of the stimulus policy began to fall back?

Statistics show that in the first two months of this year, the production and sales of passenger cars in China were 3.559 million and 3.613 million, respectively, an increase of 5.1% over the same period of the previous year, and the growth rate dropped by 5.8 and 3.6 percentage points respectively. Among them, compared with the same period of last year, SUV production and sales continued to maintain rapid growth, respectively 53.1% and 54.8%; MPV production and sales growth rate was 9.7% and 13.6% respectively; car production and sales decreased by 11.9% and 12.5%; cross-type passenger car production and sales They dropped by 28.4% and 36.4% respectively.

In the first two months, the sales of passenger cars of 1.6 liters and below were 2.566 million, an increase of 5.5% over the same period, which was 0.4 percentage points higher than the overall growth rate of passenger cars. This also means that with the continuation of the mitigation policy for small-displacement vehicle purchase tax halving, the market marginal effect is gradually weakening.

It is understood that in November last year, the sales of passenger cars of 1.6 liters and below were 1.5566 million, an increase of 16.5%, which was higher than the overall growth rate of passenger vehicles by 3.1 percentage points, an increase of 29% over the same period, higher than the overall growth rate of passenger cars. Percentage points. When the policy was just implemented in October last year, the sales of passenger cars of 1.6 liters and below were 1,363,200, an increase of 16.3%, which was higher than the overall growth rate of passenger cars by 5.7 percentage points, an increase of 17.1% over the same period, higher than the overall passenger car. The growth rate was 3.8 percentage points. Even from the overall situation last year, the sales of passenger cars of 1.6 liters and below were 14.408 million, an increase of 10.38% over the same period of the previous year, which was higher than the overall growth rate of passenger cars.

However, this year's government work report directly proposed to explore car consumption. The Ministry of Commerce also clearly stated that it will focus on the entire circulation chain of automobiles and exert efforts in the three links of new cars, used cars and scrap cars, and will launch a series of policies to stimulate the market. Including the introduction of "promotion of parallel imports of automobiles and facilitating the trading of used cars"; revised "Automobile Sales Management Measures", "Measures for the Management of Used Vehicles Circulation", "Administrative Measures for the Recycling of Scrapped Motor Vehicles"; and continue to do a good job in guiding the parallel import of automobiles. and many more.

New energy vehicle production and sales will double again this year

Compared with traditional cars, new energy vehicles still maintain rapid growth. According to the statistics of the China Automobile Association, in January-February, new energy vehicles produced 37,937 vehicles and sold 35,726 vehicles, an increase of 1.7 times over the same period of the previous year.

Among them, the production and sales of pure electric vehicles completed 27,850 and 24,835 respectively, an increase of 2.6 times and 2.7 times respectively over the same period of the previous year; the production and sales of plug-in hybrid vehicles completed 1,087 and 10,891 respectively, an increase of 60.1% over the same period of the previous year and 68.5%.

The Ministry of Industry and Information Technology expects that with the promotion of policies, more and more enterprises and products will be ready to join the market this year. The production and sales of new energy vehicles will more than double that of last year. This also means that the production and sales of new energy vehicles will reach nearly 700,000 this year.

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