Recently, the Federation of Passenger Cars released the latest statistics, and the retail sales of the passenger car market in November 2023 reached 2.08 million units, a year-on-year increase of 26% and a month-on-month increase of 24%。Among the top 20 domestic retail manufacturers, Geely rose one place relative to last month, surpassing FAW-Volkswagen, ranking second among manufacturers, which is another independent brand manufacturer after BYD this year, and its monthly sales exceeded the joint venture leader, showing that the era of independent head manufacturers surpassing the joint venture in sales is coming.
According to statistics, the retail sales of independent brands in November were 1.15 million units, a year-on-year increase of 31% and a month-on-month increase of 18%。The share of domestic retail sales of self-owned brands in the month was 553%, a year-on-year increase of 19 percentage points;In 2023, the cumulative share of independent brands will be 52%, an increase of 4% compared with the same period last year7 percentage points.
According to the Passenger Association, independent brands have achieved significant growth in the new energy market and export market, the transformation and upgrading of leading traditional car companies have performed well, and the brand share of traditional car companies such as Chery, BYD, Changan, and Geely has increased significantly.
Geely announced in early December that the group's overall monthly sales exceeded 200,000 units, which is another self-owned brand manufacturer with monthly sales of more than 200,000 units after BYD's overall monthly sales exceeded 300,000 units and Chery's monthly sales exceeded 200,000 units in October, showing that the market's recognition of independent brands is constantly strengthening.
In November, Geely's domestic retail sales were nearly 16990,000 units, exports exceeded 30,000 units, making the overall sales exceed 200,000 units, a year-on-year increase of 38%. At the same time, in November, Geely's new energy vehicle sales increased by more than 88% year-on-year, and exports increased by more than 62%, which also ensured Geely's strong growth in November this year. It is worth noting that this is the first time this year that Geely has ranked second in retail sales in a single month, and in November last year, Geely also surpassed FAW-Volkswagen to rank second among manufacturers, but the retail sales were only more than 120,000 vehicles. It shows that Geely's performance this year is significantly better.
In November, Chery was also eye-catching, and its domestic retail ranking still maintained its No. 1 manufacturer.
Sixth, the fourth independent, but the year-on-year growth reached 74%, and the rapid growth was due to the continuous doubling of its high-end brand Xingtu models. At the same time, Chery's sales in the domestic and international markets are comparable, both showing rapid growth, ensuring that the overall sales of Chery Group exceeded 200,000 units for two consecutive months, and the passenger association also named four traditional car companies, including Chery, to increase their brand share significantly.
The Federation of Passenger Cars believes that in November this year, the retail sales of the auto market strengthened slightly month-on-month, forming a continuous strong trend in the winter time, which is also a common trend in recent years, due to the growth momentum of new energy vehicles driven by the strong month-on-month superposition of small batches of fuel vehicles China VI A model clearance. Compared with the characteristics of stabilization and contraction at the end of the previous year, the auto market continued to increase in November this year, with both fuel vehicles and new energy vehicles increasing month-on-month.
The Federation of Passenger Cars expects that the sprint of the auto market in December will not be very large. This year, the total number of cars in the market is better than expected, with passenger car sales exceeding 25 million and automobile sales reaching nearly 30 million, unknowingly hitting a record high and achieving a new height of 30 million.