Analysis of the current development of China's passenger car market

China's automobile market has experienced a decade of rapid development, car ownership has reached more than 200 million, passenger car demand has gradually tended to saturation, since the beginning of 2018, "cold", the main force of consumption is reduced, and in recent years, China's urban public **** transportation improvement, high-speed rail line network proliferation, the city of restrictive driving The impact of the automobile sales downturn is caused by the impact of the automobile sales.

After July 1, 2019, according to the Ministry of Environmental Protection and the former General Administration of Quality Supervision, Inspection and Quarantine issued the "light-duty vehicle pollutant emission limits and measurement methods (China's sixth stage)" requirements, in order to respond positively to the country's help to win the "battle of the blue sky," the call, the country's 21 provinces and cities will be issued to announce the implementation of the National VI in advance. The automobile industry is also accelerating the reshuffle of the automobile industry.

The scale of production and sales decline narrowed

In 2018, the annual production of passenger cars realized 23,529,000 units, down 5.2% year-on-year; to achieve sales of 23,710,000 units, a year-on-year decline of 4.1%, of which changes in the purchase tax policy on the sales of sales should not be underestimated: since 2017, the purchase tax concessions and exemptions cause tepid growth in production and sales.In 2018, China's passenger car market for the first time saw a double negative growth in production and sales.In 2019, the momentum of decline further accelerated.

According to the China Association of Automobile Manufacturers (CAAM), which released production and sales data, in 2020, China's passenger car market*** counted 1999.4 million units of production, a year-on-year decline of 6.5%; sales were 2017.8 million units, a year-on-year decline of 6.5%, and the rate of decline narrowed compared with the previous year.

Sedans and SUVs divide the passenger car market

In recent years, China's passenger car segmentation market gradually showed a sedan and SUV dichotomy situation, MPVs and crossover passenger car market share is gradually squeezed. According to CAC statistics, in 2020, China's passenger car segment market, sedan sales of 9.275 million units, down 9.9% year-on-year, accounting for 45.97% of the total sales of passenger cars;

SUV sales of 9.461 million units, an increase of 0.7% year-on-year, is the only sales of all passenger car models rose, accounting for 46.89% of the total sales of passenger cars.

MPV and crossover passenger car sales continued to decline, with sales of 1.054 million and 388,000 units respectively, further narrowing market share.

From the perspective of different vehicle series, domestic independent brand vehicles dominate China's passenger car market, with domestically produced passenger cars accounting for 38.4% of the total passenger car market in 2020; German and Japanese passenger cars follow closely behind, accounting for 23.9% and 23.1% of China's total passenger car market respectively.

In terms of independent brand passenger car sales, SAIC Group ranked first with 1.802 million sales; Geely and Changan followed by independent brand passenger car sales of 1.321 million and 993,000; in addition, Chery, Dongfeng, BYD, Great Wall, Guangzhou Automobile and FAW independent brand passenger car sales also maintained at the level of more than 200,000 units.

-- The above data and analysis are from the China Automobile OEM Industry Demand Forecast and Investment Strategy Planning Analysis Report by the Foresight Industry Research Institute.