According to the statistical analysis of the China Association of Automobile Manufacturers (CAAM) in June 2020, automobile production and sales continued to pick up momentum. The month-on-month production and sales continued to increase month-on-month and year-on-year, of which the year-on-year growth rate of commercial vehicles was more obvious.

First, the operation of the situation overview

In June 2020, my country's overall economic recovery continued to improve, the supply and demand sides of the manufacturing industry continued to pick up, the consumer market continued to improve, and major infrastructure projects began to accelerate. With the continuous promotion of auto consumption policies in various regions, the market performance is generally better than expected. Automobile production and sales continued the recovery trend and maintained a good development trend.

From the perspective of production and sales year-on-year, automobile production and sales in the month continued to show double-digit growth. Passenger cars maintained positive growth, SUVs and crossover passenger cars continued to grow rapidly; commercial vehicles continued to show substantial growth under the influence of trucks, and sales volume once again set a new historical record. The four types of trucks in the truck continued to maintain rapid growth, of which light Truck sales hit a record high.

From the perspective of the development trend of the industry, the uncertainty of the international epidemic situation still exists, the demand in overseas markets has not yet recovered, and export-dependent enterprises have not escaped from the predicament, which will affect part of the consumer demand. At the same time, after the expiry of local consumption promotion policies, Market demand may also decline due to overdraft. Therefore, enterprises in the industry should also focus on changes in the domestic market and adjust production and sales rhythm in a timely manner.

Second, the operation of the automotive industry in June 2020

1. Automobile production and sales hit a record high in June

In June, the production and sales of automobiles were 2.325 million and 2.30 million, respectively, up 6.3% and 4.8% from the previous month, and up 22.5% and 11.6% from the same period last year. It is worth mentioning that this month's automobile production and sales have all set a new record high in June.

From January to June, automobile production and sales were 10.112 million units and 10.257 million units respectively, down 16.8% and 16.9% year-on-year. The decline continued to narrow, and the overall performance was better than expected.

2. Passenger car production and sales continue to grow

In June, the production and sales of passenger cars were 1.798 million units and 1.764 million units respectively, up 8.3% and 5.4% sequentially and 12.2% and 1.8% respectively. Among them, the increase in output further expanded than last month, while the increase in sales volume decreased by 5.2 percentage points. From the perspective of subdivided models, SUV sales have surpassed that of sedans this month. From the perspective of sales growth, SUVs and crossover passenger vehicles continued to show double-digit growth year-on-year, but the growth rate decreased significantly; sedans and MPVs still showed negative growth.

According to the cumulative situation, from January to June, the production and sales of passenger cars were 7.754 million and 7.873 million, respectively, down 22.5% and 22.4% year-on-year. From the breakdown of vehicle model data: sedan production and sales decreased by 25.9% and 26% year-on-year; SUV production and sales decreased by 14.6% and 14.9% respectively; MPV production and sales decreased by 48.1% and 45.7% year-on-year; cross-type passenger vehicle production and sales decreased by 20.4 year-on-year % And 19.8%.

3. The monthly sales of commercial vehicles hit a record high

In June, the production and sales of commercial vehicles were 527,000 and 536,000, respectively. The output decreased by 0.1% month-on-month and the sales volume increased by 3.1%. The year-on-year growth was 77.9% and 63.1% respectively. Among them, sales volume reached a new record high after April. From the perspective of subdivided vehicle models, passenger cars dropped slightly, and trucks showed a substantial growth driven by 4 types of vehicles. Among them, sales of light trucks hit a record high, and sales of heavy trucks hit a record high in June.

From January to June, the production and sales of commercial vehicles completed 2.359 million units and 2.384 million units, up 9.5% and 8.6% year-on-year respectively. In terms of production and sales by model, the production and sales of passenger cars decreased by 9.6% and 12.4% year-on-year; the production and sales of trucks increased by 11.5% and 10.8% respectively.

4. Substantial growth in pickup truck production and sales

Starting from May, the year-on-year growth of pickup production and sales has changed from negative to positive, and the increase in the month has further expanded. In June, pickup production and sales were completed at 58,000 and 57,000, respectively, up 23.9% and 23.3% quarter-on-quarter, and 93.6% and 74.5% year-on-year.

From January to June, pickup production and sales were completed 212,000 units, down 7.0% and 7.5% year-on-year respectively. In terms of fuel, production and sales of gasoline vehicles were completed 57,000 units and 58,000 units, down 18.4% and 15.4% respectively; diesel The production and sales of vehicles were 153,000 vehicles, down 2.3% and 4.4% year-on-year.

5. New energy vehicle production and sales fell year-on-year

In June, production and sales of new energy vehicles were completed at 102,000 and 104,000 respectively, down 25.0% and 33.1% year-on-year. Among them, the production and sales of pure electric vehicles were 79,000 and 82,000, respectively, down 31.9% and 37.6% year-on-year; the production and sales of plug-in hybrid vehicles were 23,000 and 21,000, respectively, of which output increased by 17.0% year-on-year and sales Decreased by 6.0%; the production and sales of fuel cell vehicles were 81 units, down 83.9% and 83.3% respectively.

From January to June, the production and sales of new energy vehicles were 397,000 and 393,000, respectively, down 36.5% and 37.4% year-on-year. Among them, the production and sales of pure electric vehicles were 301,000 and 304,000, down 40.3% and 39.2% respectively; the production and sales of plug-in hybrid electric vehicles were 95,000 and 88,000, down 20.0% and 29.8% respectively; The production and sales of fuel cell vehicles were 390 and 403 respectively, down 66.5% and 63.4% year-on-year.

The data shows that starting from March, the production and sales of new energy vehicles have shown a recovery growth.

6. Decline in market share of Chinese brand passenger cars

In June 2020, Chinese brand passenger cars sold a total of 590,000 units, down 11.6% year-on-year, accounting for 33.5% of total passenger vehicle sales, down 5 percentage points from the same period last year.

From January to June, Chinese brand passenger cars sold a total of 2.854 million units, a year-on-year decrease of 29.0%, accounting for 36.3% of total passenger vehicle sales, a decrease of 3.4 percentage points from the same period last year.

Although the market share of Chinese brand passenger cars has declined, some brands have risen against the trend, such as Hongqi and Changan, and their sales of some models have grown significantly, and the overall sales growth rate of the brand is also better than the market average; especially the Hongqi brand, growth The momentum is very obvious. According to statistics from the China Automobile Association, from January to June, the cumulative sales of the Hongqi brand exceeded 70,000 (70045), an increase of more than 110% (110.71%) year-on-year. I believe that under the leadership of these companies in the future, Chinese brands will surely succeed in their upward development.

7. The market concentration of key enterprise groups is higher than the same period

From January to June, the sales volume of the top ten enterprise groups totaled 9.139 million vehicles, a year-on-year decrease of 16.5%. It accounted for 89.1% of total car sales, which was 0.4 percentage points higher than the same period last year.

8. Year-on-year decline in automobile exports

In June, automobile companies exported 62,000 vehicles, a month-on-month increase of 27.2% and a year-on-year decrease of 35.0%. In terms of models, passenger cars exported 44,000 vehicles this month, an increase of 24.8% month-on-month, and a year-on-year decrease of 35.9%; commercial vehicles exported 18,000 vehicles, an increase of 33.6% month-on-month, and a year-on-year decrease of 32.7%.

From January to June, automobile companies exported 386,000 vehicles, a year-on-year decrease of 20.9%. In terms of models, 289,000 passenger cars were exported, down 12.0% year-on-year; commercial vehicles were exported 97,000, down 39.2% year-on-year.