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September 2016 Economic Operation of the Automotive Industry

September 2016 Economic Operation of the Automotive Industry

[Abstract]:
In September 2016, automobile production and sales maintained rapid growth, of which passenger vehicles grew significantly faster than commercial vehicles. From January to September, automobile produc

In September 2016, automobile production and sales maintained rapid growth, of which passenger vehicles grew significantly faster than commercial vehicles. From January to September, automobile production and sales maintained a steady growth, and the increase continued to increase compared with January-August.

First, September car sales increased by 26.1% year-on-year

In September, the number of automakers was 2,531,000 units, an increase of 26.8% from the previous period and a year-on-year increase of 32.8%; sales were 2,544,000 units, a month-on-month increase of 23.5% and a year-on-year increase of 26.1%.

From January to September, automobile production and sales amounted to 19.422 million vehicles and 19.360 million vehicles, an increase of 13.3% and 13.2% over the same period of last year. The growth rate increased by 2.4 percentage points and 1.7 percentage points from January to August respectively.

(I) September passenger car sales increased 28.9% year-on-year

In September, the production and sales of passenger cars reached 2.232 million units and 2.268 million units respectively, and the production and sales volume increased by 29.1% and 26.0% respectively from the previous month. Compared with the same period of last year, the production and sales volume increased by 36.8% and 28.9%, respectively, with relatively rapid growth. , higher than the overall growth rate of the car 4.0 and 2.8 percentage points. Sales of 1.119 million passenger cars, an increase of 17.1% year-on-year; SUV sales of 879,000, an increase of 54.2%; MPV sales of 222,000, an increase of 37.3%; cross-type passenger car sales of 49,000, a year-on-year drop of 32.4%.

From January to September, a total of 16.725 million passenger cars were sold, an increase of 14.8% from the same period of last year, an increase of 1.9 percentage points from January to August. Sales of cars were 8.441 million, an increase of 2.7% year-on-year; SUV sales were 5.99 million, an increase of 45.9% year-on-year; MPV sales were 1.749 million, an increase of 22.9% year-on-year; cross-selling sales of passenger cars were 563,000, a decrease of 33.5% year-on-year.

1.1.6 litres and below of passenger car rapid growth

According to the statistics of China Association of Automobile Manufacturers, in September 1.6330 liters or less of passenger cars were sold with 1.634 million units, an increase of 42.2% year-on-year, 13.3 percentage points higher than the overall growth rate of passenger vehicles. Passenger cars with 1.6 liters or less accounted for sales of passenger vehicles. The proportion is 72.1%. From January to September, passenger cars with 1.6 liters or less sold 12.03 million vehicles, an increase of 22.1% over the same period, accounting for 71.8% of the sales of passenger cars, which was 4.1% higher than the same period of last year.

2. China's brand passenger car market share continues to increase

According to statistics from the China Association of Automobile Manufacturers, in September, a total of 975,000 vehicles were sold in China, up 33.5% from the previous month and 39.1% year-on-year, accounting for 42.7% of the total sales of passenger cars. The occupancy rate increased by 2.4 over the previous month. percentage point.

From January to September, a total of 1.072 million Chinese branded passenger vehicles were sold, an increase of 18.7% year-on-year, accounting for 42.2% of the total sales of passenger cars, and the occupancy rate increased by 1.4% from the same period of last year. The sales of sedan were 1.572 million, a year-on-year decrease of 8.1%, and the market share was 18.6%, down 2.2 percentage points from the same period of the previous year; SUV sales were 3.373 million, an increase of 56.6% year-on-year, and the market share was 56.2%, an increase of 3.8 percentage points over the same period of the previous year. MPV sales volume was 1,655,000 units, an increase of 25.4% year-on-year, and the market share was 89.5%, an increase of 1.8 percentage points over the same period of the previous year.

(II) Sales of commercial vehicles rose 8.1% in September from a year earlier

In September, the production and sales of commercial vehicles completed 299,000 vehicles and 296,000 vehicles, respectively, a year-on-year increase of 11.7% and 7.3%, respectively, an increase of 9.3% and 8.1% year-on-year respectively.

From January to September, the production and sales of commercial vehicles were completed 2.604 million units and 2.608 million units, respectively. Compared with the same period of last year, the production and sales of commercial vehicles increased by 4.8% and 4.0% respectively. In terms of production and sales of different models, the production and sales of passenger cars decreased by 7.7% and 8.8% respectively from the same period of last year; the production and sales of trucks increased by 7.3% and 6.5% respectively from the same period of last year.

Second, September new energy vehicle sales increased 43.8% year-on-year

According to the statistics of China Association of Automobile Manufacturers, in September, the production of new energy vehicles was 43,000, and sales of 44,000, an increase of 25.7% and 43.8% respectively. Sales and sales of pure electric vehicles were 34,000 and 35,000, respectively, an increase of 31.6% and 63.1% year-on-year, respectively; sales and sales of plug-in hybrid vehicles were completed by 0.8 million and 0.9 million, respectively, and their output increased by 6.3% year-on-year. Sales volume decreased by 2.1. %.

From January to September, the production of new energy vehicles was 302,000 units and sales were 289,000 units, an increase of 93.0% and 100.6% respectively from the same period of last year. Of which, the production and sales of pure electric vehicles completed 229,000 and 216,000 respectively, an increase of 118.1% and 128.4% over the same period of the previous year; the production and sales of plug-in hybrid vehicles both completed 73,000, an increase of 41.7% and 47.2 respectively over the same period of the previous year.

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