On December 11, the China Association released the automobile production and sales data for November 2023. In November, the popularity of the auto market continued, with the help of consumption waves such as the "Double 11" promotion, the demand for car purchases was further released, and the market performance continued to improve and exceed expectations. In the same month, the production and sales of automobiles increased month-on-month and year-on-year, passenger cars continued to have a good trend, commercial vehicles maintained rapid growth, and new energy vehicles and automobile exports led the industry growth.
CarsProduction and sales hit a record high for the same period in the month for three consecutive months
In November, the production and sales of automobiles were 30930,000 units and 2.97 million units, up 7% and 4% m/m, respectively1%, an increase of 29 year-on-year4% and 274%。In November, the performance of the automobile market continued to improve, exceeding expectations, with automobile production reaching a record high, and sales volume also approaching 3 million units, and production and sales hit a record high for the same period in the month for three consecutive months. From January to November, the production and sales of automobiles were 271110,000 and 2,69380,000 units, up 10% and 10% y/y, respectively8%。
In November, the performance of the passenger car market continued to improve, with the help of the "Double 11" promotion and other activities, consumer demand for car purchases was further released, passenger car sales continued to grow month-on-month, and the market heat continued. In the same month, a total of 260 passenger cars were sold40,000 units, up 4% month-on-month7%, a year-on-year increase of 253%。Among the main types of passenger cars, compared with the previous month, the sales of basic passenger cars (sedans) and sports utility vehicles (SUVs) increased to varying degrees, while the sales of multi-purpose passenger vehicles (MPVs) and minivans decreased slightlyCompared with the same period last year, the sales of the four major categories of passenger cars all increased to varying degrees. From January to November, a total of 2,327 passenger cars were sold20,000 units, a year-on-year increase of 93%。Among the main types of passenger cars, compared with the same period last year, except for the double-digit decline in the sales of crossover passenger cars, the sales of the other three categories of passenger cars all increased to varying degrees.
From January to November, among the traditional fuel passenger vehicles, C-class and D-class vehicles showed positive year-on-year growth, while B-class and below models decreased to varying degrees year-on-yearAt present, the sales volume is still mainly concentrated in the A grade, with a cumulative sales volume of 87690,000 units. From January to November, among the traditional fuel passenger vehicles, the range of 10-200,000 and more than 350,000 ** showed positive year-on-year growth, of which the price range of more than 500,000 increased the mostAt present, sales are still mainly concentrated in the range of 10-150,000**, with cumulative sales of 5.31 million units.
New energy vehiclesFrom January to November, the market share reached 308%
In November, new energy vehicles continued to develop well, and production and sales hit a record high. The production and sales of new energy vehicles reached 107 in the same month40,000 and 10260,000 units, up 8% m/m7% and 73%, an increase of 39 year-on-year2% and 30%, with a market share of 345%。From January to November, the production and sales of new energy vehicles totaled 84260,000 and 83040,000 units, up 345% and 367%, with a market share of 308%。
Monthly sales and growth rate of new energy vehicles. Photo courtesy of China *** Association Hualong Net.
Among the main varieties of new energy vehicles, compared with the previous month, in November, the production and sales of the three major types of new energy vehicles increased to varying degreesCompared with the same period last year, from January to November, the production and sales of the three major types of new energy vehicles showed rapid growth. Compared with the same period last year, the production and sales of the three major types of new energy vehicles showed double-digit growth.
From January to November, among the new energy passenger vehicles, with the enrichment of the variety of models, a large number of new models on the market, the decline of models and other factors, A00 class cars decreased significantly year-on-year, and the sales of other levels increased to varying degrees year-on-year, of which D-class cars increased the most due to the low base in the same period, reaching 21 times;At present, the sales volume is still mainly concentrated in the A grade, with a cumulative sales volume of 31060,000 units, up 48% y/y. From January to November, among the new energy passenger vehicles, the sales of 80,000 and below showed a double-digit year-on-year decline, and the sales of more than 80,000 showed positive year-on-year growth, of which the 35-400,000 class increased the mostAt present, the sales volume is still mainly concentrated in the range of 15-200,000 **, with a cumulative sales volume of 25140,000 units, a year-on-year increase of 571%。
In November, the Chinese brand was usedCar salesIt accounts for 59 percent of total passenger car sales7%
In November, a total of 155 Chinese brand passenger cars were sold60,000 units, up 4% month-on-month8%, a year-on-year increase of 379%, accounting for 59 percent of total passenger car sales7%。Compared with the previous month, the sales volume of the five major brands all increased to varying degrees;Compared with the same period last year, the sales of American and French brands showed double-digit declines, and the sales of the other three major brands increased to varying degrees. From January to November, a total of 1,297 Chinese brand passenger cars were sold80,000 units, a year-on-year increase of 238%, accounting for 558%。
In November, the market share of Chinese brand sedans, SUVs and MPVs was respectively. 5% and 635%, compared with the previous month, the market share of sedans and MPVs increased to varying degrees, and the market share of SUVs declinedCompared with the same period last year, the market share of sedans and SUVs increased to varying degrees, and the market share of MPVs decreased slightly. From January to November, compared with the same period last year, the sales of American and Korean brands increased to varying degrees, while the sales of the other three major brands decreased to varying degreesFrom January to November, the market share of Chinese brand sedans, SUVs and MPVs was respectively. 2% and 607%, compared with the same period last year, the market share of sedans, SUVs and MPVs all increased to varying degrees.
Automobile Chongqing review
The China Automobile Association expects that with the continuous effect of the policy, the auto shows and activities in various places continue to exert force, coupled with the final sprint of the last month of the enterprise, it is expected that the automobile market will continue to improve in December, and the phenomenon of "warping" at the end of the year will be reproduced. Automobile production and sales are expected to hit a record high throughout the year, exceeding expectations to achieve the annual target.