According to the statistical analysis of the China Association of Automobile Manufacturers, in May 2018, automobile production and sales decreased slightly from the previous month and maintained growth year-on-year. From January to May, the production and sales of automobiles increased, and the growth rate increased slightly from January to April. The specific analysis is as follows:
Automobile production and sales are growing faster
In May, automobile production and sales continued to grow compared with the same period last year. The production and sales of automobiles in the month were 2.344 million units and 2.288 million units respectively. The production and sales volume decreased by 2.3% and 1.4% respectively from the previous month, up by 12.8% and 9.6% respectively over the same period of the previous year. Affected by the low base of the previous year, the growth rate of production and sales this month increased by 12.2 and 9.7 percentage points respectively over the same period of the previous year.
From January to May, the production and sales of automobiles were 11.768 million and 11.792 million, respectively. The production and sales increased by 3.8% and 5.7% respectively over the same period of the previous year. The sales growth rate was 2 percentage points higher than the same period of the previous year. The growth rate was 1-4 months. Increased by 0.9 percentage points and overall good performance.
China's automobile production and sales in May 2018
Source: China Automobile Association, China Merchants Research Institute
Passenger car production and sales continued to grow year on year
In May, the production and sales of passenger cars were 1.945 million and 1.889 million, respectively, down 2.3% and 1.3% from the previous month, up 11.8% and 7.9% respectively over the same period of the previous year. The growth rate of production and sales was lower than that of the automobile by 1 and 1.7 percentage points, which was higher than the same period of the previous year by 13.6 and 10.5 percentage points.
From January to May, the production and sales of passenger cars were 9.923 million and 9.901 million respectively, and the production and sales increased by 3% and 5.1% respectively over the same period of the previous year. According to the production and sales of four types of passenger cars, the production of cars increased by 1.9% and 4.8% respectively over the same period of last year; the production and sales of SUVs increased by 10% and 11.7% respectively over the same period of last year; the production and sales of MPV decreased by 15.5% and 11.1 respectively over the same period of last year. %; cross-type passenger car production and sales decreased by 25.4% and 30.1% respectively over the same period of the previous year.
Production and sales of passenger cars in China in May 2018
Source: China Automobile Association, China Merchants Research Institute
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Chinese brand passenger car market share decline
In May 2018, the sales of Chinese brand passenger cars totaled 786,000, a year-on-year increase of 7.7%, accounting for 41.6% of total passenger car sales, down 0.1 percentage points from the same period of the previous year; among them: 202,000 Chinese brand cars sold , a year-on-year increase of 24.8%, accounting for 21.5% of the total car sales, an increase of 2.2 percentage points over the same period of the previous year; Chinese brand SUV sales of 432,000, an increase of 8.8%, accounting for 56.8% of the total SUV sales, compared with the same period last year Increased by 1.2 percentage points; Chinese brand MPV sales reached 103,000 units, down 16.2% year-on-year, accounting for 73.9% of total MPV sales, down 8 percentage points from the same period of the previous year.
From January to May, Chinese brand passenger cars sold a total of 4.35 million vehicles, a year-on-year increase of 4%, accounting for 43.9% of total passenger car sales, down 0.5 percentage points from the same period of the previous year; among them: Chinese brand car sales of 1.02 million vehicles , a year-on-year increase of 11.6%, accounting for 21.2% of total car sales, up 1.3 percentage points over the same period of the previous year; Chinese brand SUV sales of 2.569 million, an increase of 12.8%, accounting for 60.8% of total SUV sales, compared with the same period last year Increased by 0.6 percentage points; Chinese brand MPV sales of 588,000 vehicles, down 20% year-on-year, accounting for 78.1% of total MPV sales, down 8.7 percentage points over the same period of the previous year.
Source: China Automobile Association, China Merchants Research Institute
Commercial vehicle production and sales continue to grow
In May, the production and sales of commercial vehicles maintained a rapid growth. The production and sales of commercial vehicles in the month were 390,000 and 398,000 respectively, down 2.2% and 1.7% respectively from the previous month, up 18.3% and 18.6% respectively over the same period of the previous year. It is 5.4 and 9 percentage points higher than the overall automobile, which is 2.7 and 3.4 percentage points higher than the same period of the previous year.
From January to May, the production and sales of commercial vehicles were 1.845 million and 1.892 million, respectively, and the production and sales increased by 8.9% and 9.1% respectively over the same period of the previous year. According to the production and sales of the models, the production and sales of passenger cars were 187,000 and 184,000 respectively, up 8.2% and 7.5% respectively over the same period of the previous year; the production and sales of trucks were 1.658 million and 1.708 million respectively, and the production and sales increased respectively compared with the same period of last year. 9% and 9.3%, of which semi-trailer tractor production and sales fell 22% and 17.8% respectively over the same period last year.
Production and sales of commercial vehicles in China in May 2018
In May, the production and sales of new energy vehicles were 96,000 and 102,000, respectively, an increase of 85.6% and 125.6% over the same period of the previous year. Among them, the production and sales of pure electric vehicles were 77,000 and 82,000 respectively, up 75.9% and 112.8% respectively over the same period of last year; the production and sales of plug-in hybrid vehicles were 19,000 and 20,000 respectively, up from the same period of last year. 138.8% and 196.8%.
From January to May, the production and sales of new energy vehicles were 328,000 units, an increase of 122.9% and 141.6% respectively over the same period of the previous year. Among them, the production and sales of pure electric vehicles were completed 250,000 units, up 105.1% and 124.7% respectively over the same period of the previous year; the production and sales of plug-in hybrid vehicles were 79,000 and 78,000 respectively, an increase of 207.3% and 218.4 respectively over the same period of the previous year. %.
Production and sales of new energy vehicles in China in May 2018
Source: China Automobile Association, China Merchants Research Institute
The top ten enterprises are growing faster than the industry
From January to May, the total sales volume of the top ten enterprise groups in vehicle sales was 10.48 million units, an increase of 5.8% over the same period of the previous year, which was 0.1 percentage points higher than the industry growth rate. It accounted for 88.9% of the total vehicle sales, an increase of 0.1 percentage points over the same period of the previous year.
The top ten corporate group sales in China's auto sales in January-May 2018
Source: China Automobile Association, China Merchants Research Institute
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