The automobile market continues to show a steady and positive development trend, and chip mitigation will not be until the first quarter of next year

According to data released by the China Automobile Association on May 13th, from January to April this year, the endogenous power of economic development, the quality of supply, and the vitality of market entities continued to improve, and the overall economic situation continued to maintain a stable recovery. Against this background, the automobile market continues to show a steady and positive development trend. In April, the production and sales of automobiles completed 2.234 million and 2.252 million respectively, a decrease of 9.3% and 10.8% from the previous month, and an increase of 6.3% and 8.6% year-on-year. The automobile market began to gradually recover in April last year. Compared with the same period in 2019, production and sales increased year-on-year 8.7% and 13.5%, an increase of 12.7 and 13.5 percentage points from January to March.

Chen Shihua, Deputy Secretary-General of the China Association of Automobile Manufacturers, said: “From the perspective of market conditions, due to the gradual recovery of automobile production and sales in April 2020, the impact of high growth brought about by the low base number has been significantly weakened. Therefore, the year-on-year growth rate of production and sales in the current month has fallen significantly compared with the previous month. On the other hand, the decline in April compared with March is in line with the historical law of the automobile market. The production and sales of passenger cars in April exceeded 1.7 million, and the performance was relatively good. In the cumulative data, the production and sales situation compared with the same period in 2019 It is also still showing a positive development trend; from the perspective of segmented models, the production and sales of passenger and commercial models are basically in line with the industry; among passenger cars, SUVs are produced and sold more than cars in a single month, and the market share of Chinese brand passenger cars this month The improvement is obvious; among commercial vehicles, the sales volume of trucks is close to zero.”

The overall performance of the production and sales of new energy vehicles in April was still better than that of the industry, and the monthly production and sales remained at more than 200,000 vehicles, continuing to break the historical record of the month. In April, the production and sales of new energy vehicles were 216,000 and 206,000, respectively, an increase of 1.6 times and 1.8 times year-on-year. Among them, the production and sales of pure electric vehicles were 182,000 and 171,000 respectively, an increase of 2.1 and 2.2 times respectively; the production and sales of plug-in hybrid vehicles were 34,000 and 35,000, an increase of 49.9% and 70.8% respectively; The production and sales of fuel cell vehicles were 36 and 38, respectively, down 67.0% and 48.0% year-on-year.

In addition, this month’s automobile exports hit a record high. In April, auto companies exported 151,000 vehicles, an increase of 13.7% month-on-month and a year-on-year increase of 1.1 times.

Regarding the outlook for the future auto market, the China Automobile Association predicts that China’s economy has the conditions and the potential to maintain sustained, stable and healthy development. With the continuous incentives of the government authorities to stimulate consumption, the stable development of the auto industry will still have a solid foundation, but the global epidemic trend There are still great uncertainties in the international environment, and the recovery among various domestic industries is still uneven.

When talking about the “core shortage” problem that the industry is most concerned about, Chen Shihua pointed out to reporters: “The global automotive industry is currently suffering from the problem of “core shortage”. The impact of chip supply issues on enterprise production may focus on the second and third The quarter has shown that the price of raw materials has risen significantly, increasing the pressure on corporate costs, and the foundation for corporate efficiency recovery still needs to be further consolidated. The impact will be slightly reduced in the fourth quarter, but due to various factors, the problem of chip shortages will not be eliminated immediately, and real alleviation may be required. By the first quarter of next year. Although the market is actively coordinating domestic alternative companies, it will take a long process, which requires active efforts from all parties, and the supply standards cannot be relaxed. At the same time, there will be middlemen operations, which also requires strengthening at the national level. Supervision. Therefore, the China Automobile Association continues to be cautiously optimistic about the future development of the auto industry.”

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