China auto sales surge in July

On August 2020, China Association of Automobile Manufacturers (CAAM) Held a Press Conference in Beijing.Shihua Chen, the executive vice secretary-general of CAAM, has announced the performance of automobile sector in July:

2,201,000 vehicles were produced and 2,112,000 were sold, decrease 5.3% and 8.2% month-on-month, up 21.9% and 16.4% year-on-year. From January to July, 12,314,000 vehicles produced and 12,365,000 vehicles were sold, decrease 11.8% and 12.7% year-on-year. Compared with January to July, the decrease was reduced by 5% and 4.2%.

In July, the sale volume of Chinese brand passenger cars was slightly decreased month-on-month and slightly increased year-on-year. 585,000 Chinese brand passenger cars were sold, decrease 0.9% month-on-month, up 4.5% year-on-year. From January to July, 3,434,000 Chinese brand passenger cars were sold, decrease 25% year-on-year, accounting for 36% of the total sales volume of passenger cars. The percentage decrease 3.2% year-on-year.

From January to July, the top 15 Chinese companies of sales volume are: SAIC, CCAG, Geely, Dongfeng, GWM, FAW, BAW, Chery, JAC, Sinotruk, BYD, GAC, Shaanxi Auto, Brilliance Auto, Chengdu Dayun. Compared with last year, FAW, Sinotruk and Shaanxi Auto increased fastly, CCAG and Chengdu Dayun increased slightly, other companies decreased. From January to July, the total sales volume of the 15 companies above is 5,896,000, accounting for 95.6% of the total sales volume of Chinese brand.

In general, the features of Chinese automotive sector in July ,2020 are:

  • The production and sales volume increased year-on-year
  • The production and sales volume of passenger cars increased
  • The production and sales volume of commercial vehicles increased dramatically
  • The production and sales volume of NEV were changed from decrease to increase
  • The market shares of Chinese brand passenger cars increased
  • The market concentration ratio of major companies increased year-on-year
  • The vehicle export decreased year-on-year
  • The decrease of economic benefit of major companies was reduced

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