May 20, 2024

In September, the independent brand market rebounded against the market

In September, the independent brand market rebounded against the market The domestic economy as a whole is in bad condition. The sales season of Golden 9 Silver 10 is much weaker this year. According to the latest auto market data, in September, the overall performance of China's automobile production, production and sales was not satisfactory, but the self-owned brand market picked up quickly.

Data show that in September China's automobile production and sales chain showed a certain growth, sales decreased slightly year-on-year. It is understood that there are three reasons that affect the growth of automobile production and sales in September: First, due to the impact of the situation in Diaoyu Islands, Japanese car production and sales have fallen sharply. This is also the main reason for the poor performance of automobile production and sales this month; second is the car in September of last year. The overall level of production and sales is higher. Third, the performance of commercial vehicles is even weaker this month. However, it is worth noting that the self-owned brand, which has been in a declining state, performed well in September. Not only did it witness a significant increase from the previous month, but its market share increased by 6.3 percentage points from the previous month and 3.1 percentage points from the same period of last year.

<br> <br> poor car sales overall performance according to the Automobile Association statistics show that in September this year, China's automobile production and sales were 1.6609 million and 1.6174 million, an increase of 10.6% over the previous month and 8.2%, respectively, than production The same period last year increased by 3.7%, sales fell 1.8% over the same period last year.

From January to September, China's automobile production and sales reached a total of 14.1312 million vehicles and 14.0923 million vehicles, an increase of 4.98% and 3.37% over the same period of the previous year, and the growth rate was 0.2 and 0.7% lower than that in January-August. Among them, 11.6671 million passenger cars and 112.926 million vehicles were sold and sold, an increase of 8.41% and 6.94% year-on-year. The sales and sales of commercial vehicles were 2,764,100 and 8,822,700, representing a year-on-year decrease of 7.13% and 8.82%.

Statistics show that from January to September, China's top ten automotive sales companies were: SAIC, Dongfeng, FAW, Chang'an, BAIC, GAC, Brilliance, Great Wall, Chery, and JAC, with sales of 3,228,500 and 2,329,900 respectively. 1.97,700, 1,403,500, 12,015, 546,600, 453,300, 435,200, 412,000 and 358,800 vehicles. From January to September, the above-mentioned ten companies sold a total of 12,298,900 vehicles, which accounted for 87.98% of the total sales of cars. Compared with January-August, the share of the ten companies dropped by 0.14 percentage points.

Japanese passenger car sales dropped <br> <br> September this year, China's passenger car production last month increased by more than 10%, also an increase of more than 6%, performed better. The poor sales performance was the first time since February of this year that it was below the level of the previous year. From January to September, the cumulative growth rate of production and sales fell by 0.3% and 1 percentage point from January to August respectively.

Statistics from China Automobile Association show that in September, the production and sales of passenger cars completed 1,352,800 units and 1,135,600 units respectively, up 10.1% and 7.9% respectively from the previous month. Production was 6.1% higher than the same period of last year, and sales decreased by 0.3% over the same period of last year. %. From January to September, a total of 11,269,600 passenger cars were sold, a year-on-year increase of 6.94%. Among them, the sales of basic passenger cars (sedans) was 7,809,100, an increase of 5.69% year-on-year; the sales of multi-function passenger vehicles (MPV) were 367,800, an increase of 1.77% year-on-year; and the sales of sport utility vehicles (SUVs) were 143.73. Ten thousand vehicles, a year-on-year increase of 29.02%; sales of crossover passenger vehicles were 1,655,400, a year-on-year decrease of 1.11%.

In fact, the main reason for the year-on-year decline in sales in September was due to the decline in sales of Japanese cars. In September, sales of Japanese passenger cars dropped rapidly, with a total of 160,000 sold, a decrease of 29.49% month-on-month and a decrease of 40.82% year-on-year, accounting for 12.16% of the total sales of passenger cars. The occupancy rate decreased from the previous month. 6.46 percentage points, a decrease of 8.33 percentage points over the same period of the previous year; other brands such as German, American, Korean and French passenger cars respectively sold 253,700, 168,200, 127,700 and 42,700, respectively. The sales volume of passenger cars was 19.28%, 12.78%, 9.71%, and 3.25%. Compared with the previous month, German sales slightly declined, while other foreign brands maintained growth, of which the growth rate of the legal system was even more pronounced. In terms of specific cars, compared with the previous month, the market share of the Japanese car market fell the fastest, the German system dropped slightly, and other foreign brands showed a slight increase.

In January-September, the top ten passenger car sales companies were Shanghai General Motors, SAIC-GM-Wuling, FAW-Volkswagen, Shanghai Volkswagen, Dongfeng Nissan, Beijing Hyundai, Chongqing Chang'an, FAW Toyota, Chery and Changan Ford, which sold 99.84 respectively. There were 10,000 vehicles, 985,600 vehicles, 973,600 vehicles, 949,200 vehicles, 632,600 vehicles, 596,100 vehicles, 401,200 vehicles, 409,400 vehicles, 403,100 vehicles, and 338,600 vehicles. From January to September, the above-mentioned ten companies sold a total of 669.95 thousand vehicles, accounting for 59.45% of the total passenger vehicle sales.

Self-owned brand rebounded in September, China's own brand passenger cars performed well, sold a total of 56.19 million models, an increase of 26.6% over the previous month, an increase of 7.5% over the same period the previous year, accounting for 42.7% of passenger car sales, share It increased 6.3 percentage points from the previous month and 3.1 percentage points from the same period of last year. From January to September, the sales of self-owned brand passenger cars were 4.5701 million units, which was an increase of 2.6% from the same period of last year, which was lower than the overall growth rate of passenger vehicles by 4.3%, accounting for 40.6% of the total passenger vehicle sales, which was the same period of the previous year. Declined by 1.7 percentage points, the decline has narrowed.

In September, the sales of self-owned brand cars were 281,100, an increase of 38.7% over the previous month and an increase of 11.4% over the same period of the previous year, accounting for 30.3% of the total sales of cars. The market share increased by 6.8 percentage points from the previous month, which was the same period of the previous year. Increased 3.2 percentage points. From January to September, the sales volume of self-owned brand cars was 2.0981 million, which was 2.5% lower than the same period of last year, accounting for 26.9% of the total sales of cars, and the occupancy rate was down 2.3% from the same period of last year.

Dong Yang, secretary-general of the China Automobile Association, told the China Economic Times that in September, the rebound in self-owned brands was mainly due to the increase in auto exports and the increase in sales of other automakers.

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