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What is the future development trend of automobile?
Chinese brand passenger car market share increased significantly
In 2021, the Chinese brand passenger car sales of 9,543,000 units, an increase of 23.1% year-on-year; the market share of 44.4%, an increase of 6.0 percentage points from 2020.
In 2021, in the market of all series, the Chinese brand market share rose sharply to 44.43%, an increase of 6.01 percentage points. In addition to this, both American and French car market shares have also increased.
The sales of the top seven enterprises all rose
In 2021, among the top 15 enterprise groups in Chinese branded vehicle sales, SAIC ranked first, with sales of 2,757,000 units, up 8.9 percent year-on-year; Changan Group ranked second, with sales of 1,755,000 units, up 16.7 percent year-on-year; Geely Auto ranked third, with sales of 1.328 million units, down 0.6 percent year-on-year growth.
In 2021 among China's branded passenger car companies, sales ranked first is still SAIC Group, with passenger car sales of 2.123 million units, up 17.8% year-on-year; ranked second is Geely Group, with passenger car sales of 1.328 million units, a small increase of 0.6%; Changan Group ranked third, with passenger car sales of 1.233 million units, up 24.2% year-on-year.
Higher Market Concentration in the Automotive Industry
In 2021, the combined sales volume of the top ten enterprise groups in terms of automobile sales volume was 22.621 million units, an increase of 1.7% year-on-year, accounting for 86.1% of the total automobile sales volume, a decrease of 1.8 percentage points from the same period in 2020. Overall, the market concentration of China's automotive industry is high, with CR3 reaching 46.2% and CR5 reaching 63.1%. However, the industry's market concentration declined in 2021, indicating that brand competition in China's automotive industry is becoming increasingly fierce.
Overall, in China's auto brand market, the market pattern is relatively stable. The leading companies are in a solid position, and the industry market concentration is decreasing steadily.
-- The above data refer to China Automobile OEM Industry Demand Outlook and Investment Strategy Planning Analysis Report
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