In August, 1.125 million vehicles sold nationwide increased by 55.72% year-on-year

(1) The automotive market rebounded strongly in August and entered the sales season in advance
In August, automobile sales were 1,215,500, an increase of 15.09% from the previous period and a year-on-year increase of 55.72%. After experiencing a sales trough in July, it rebounded strongly and entered the sales season ahead of schedule. As the sales volume of automobiles fell for three months in a row, the inventory cycle of automobiles increased month by month, and inventory levels kept rising. In August, the Chinese auto market reversed and the market performed better than expected.

(2) The effect of energy-saving vehicle subsidy policy is very obvious

The sales of 132 energy-saving automotive products in August were 129,600, an increase of 32.04% from July, which was significantly higher than the overall growth rate of the sedan, and the policy is very obvious. In August, sales of energy-saving automotive products accounted for 13.26% of passenger car sales, and accounted for 19.88% of passenger car sales of 1.6L and below.

The introduction of energy-saving vehicle subsidy policies has not only stimulated the popularity of energy-saving models, but has also promoted price reductions for some other models, thus stimulating the overall market for passenger vehicles. With the successive release of energy-saving automotive product catalogs and the further enhancement of policy-driven actions, the proportion of energy-saving automotive products in passenger vehicles will also increase rapidly.

(3) Market share of 1.6L and lower displacement cars continues to increase, and product structure becomes more reasonable

In August, the sales volume of cars with 1.6L or lower emission capacity was 480,700 units, an increase of 21.08% month-on-month and a year-on-year increase of 60.56%, accounting for 68.94% of the total sales of cars, which accounted for 1.03 percentage points increase over the comparison in July. Of which, sales of 1.6L cars were 248,400, accounting for 51.67% of the sales volume of 1.6L and below displacement cars, followed by 1.5L displacement models, sales of 93,600 units, accounting for 19.48%, 1.6L and 1.5L displacement models accounted for More than 70% of the 1.6L and below car sales.

(4) Market share of self-owned brands decreased slightly, and market share of Japanese cars picked up slightly. <br> In terms of sales volume of sedan cars of each department, in August, sales of self-owned brand cars were 176,400, a year-on-year increase of 16.60%, and the market share was 25.30%, 0.57 percentage points lower than in July; sales of Japanese cars were 176,100, an increase of 26.98% month-on-month, and the market share accounted for 25.26%, an increase of 0.84 percentage points from July; European vehicle sales were 174,200, a month-on-month increase of 16.89% , accounting for 24.98%, a decrease of 0.50 percentage points from July. The market share of self-owned brands, Japanese cars, and European cars is quite similar, with Japanese car sales increasing by a larger month-on-month, and self-owned brands and European car sales increasing by a relatively small month-on-month. The U.S. and Korean cars have slightly increased their market share.

(5) Increased acceptance of hatchback market

In terms of car body types, the number of sedan cars sold in August was 548,000, an increase of 20.90% from the previous period and a year-on-year increase of 50.59%; sales of hatchbacks were 419,200, a year-on-year increase of 17.06% and an increase of 84.63% compared with the same period of last year. Sales of hatchback cars increased significantly year-on-year. Higher than the sedan, shows that hatchback cars are increasingly accepted by consumers.

(6) The trend of increasing auto ratio of cars is obvious

Judging from the assembly of transmissions for cars, the auto sales of cars in August amounted to 329,600, accounting for 47.27% of the sales of cars, an increase of 1.03 percentage points over the same period of last year. Automatic transmissions are mainly equipped with 4AT, 6AT, and 5AT, as well as CVTs and AMTs.

(7) Sales of SUV doubled year-on-year, still maintaining strong sales momentum

In August, SUV production was 94,300 units, a decrease of 3.72% from the previous period and a year-on-year increase of 70.43%; sales of the Group were 87.5 thousand units, an increase of 13.75% from the previous period and a year-on-year increase of 117.13%. Among them, 33,500 units of two-wheel drive SUVs were sold, an increase of 17.03% compared with the previous period, accounting for 38.32%; and the sales of four-wheel drive SUVs were 54,000 units, an increase of 11.81%, accounting for 61.68%.

(8) The performance of the MPV market is still good

In August, MPV produced 38,500 vehicles, a month-on-month decrease of 0.02%, an increase of 64.41% year-on-year; sales of 35,500 units, a year-on-year increase of 12.74% and a year-on-year increase of 116.81%. Among them, 2.0L, 2.4L and 1.8L displacement models accounted for a relatively large sales volume. August sales accounted for 24.50%, 14.27% and 14.04%, respectively.

(9) Production of crossover passenger cars dropped sharply on a month-to-month basis, sales volume rebounded, and inventory levels decreased significantly

In August, cross-over passenger car companies moderately controlled production and produced 130,400 vehicles, a month-on-month decrease of 17.04% and a year-on-year decrease of 0.64%. Sales volume picked up, with sales of 157,100 units, an increase of 17.98%, and a year-on-year increase of 39.92%. From January to August, the cumulative production and sales volume of crossover passenger cars were 1,499,000 and 1,229,000, respectively, which increased by 25.23% and 9.12% year-on-year respectively.

At present, the auto manufacturers push new products, a variety of new vehicles listed on the market, consumer choice space is expanding; dealers reduce prices and promotional efforts continue to increase, a large range of benefits, a wide range, to stimulate consumer enthusiasm for buying cars; energy-saving auto subsidy policy effect Appearances, promotion catalogues have been announced one after another, coupled with the continuation of a number of existing favorable policies, it is expected that the passenger car market will still maintain its good performance in September.

With the country's active regulation of the macroeconomic structure, the overall investment in fixed assets and GDP growth have moderately slowed. At the same time, accelerated construction of affordable housing, urbanization, and post-disaster reconstruction are conducive to the development of the commercial vehicle market. Based on the above factors, the commercial vehicle market is expected to rise steadily in September.