In March, the new energy auto sector performed brilliantly

On April 11, the China Association of Automobile Manufacturers ("CSCC") released data on automobile production and sales in March. In March, the sales volume of automobiles was 2.656 million units, an increase of 4.7% year-on-year; the sales performance of new energy vehicles was still eye-catching, with sales reaching 68,000 units, an increase of 117.4%.

Overall good performance

In March, the sales growth of automobiles increased year-on-year. The production and sales of automobiles in the month were 2.268 million units and 2.656 million units respectively. The production and sales volume increased by 54.1% and 54.7% respectively, up by 1.2% and 4.7% respectively. The sales growth rate increased by 0.7 percentage points over the same period of the previous year. Among them, the production and sales of passenger cars were 2.199 million and 2.169 million respectively, up by 52.8% and 47% respectively, up 0.5% and 3.5% respectively.

In the first quarter, the overall performance of automobile production and sales was good. The production and sales were 7.022 million and 7.183 million, respectively. The output decreased by 1.4% year-on-year, and the sales volume increased by 2.8%. Among them, the production and sales of passenger cars were 5.969 million and 6.1 million respectively, the output decreased by 2.3% year-on-year, and the sales volume increased by 2.6%. The production and sales of commercial vehicles were 1.053 million and 1.083 million respectively, and the production and sales increased by 4.1%.

The new energy auto sector is performing well. In March, the production and sales of new energy vehicles were completed at 68,000 units, an increase of 105% and 117.4% respectively. Among them, the production and sales of pure electric vehicles completed 51,000 and 52,000 respectively, up 91% and 105.9% respectively; the production and sales of plug-in hybrid vehicles completed 17,000 and 16,000 respectively, up 163% and 167.2% respectively. .

From January to March, the production and sales of new energy vehicles were completed by 150,000 vehicles and 143,000 vehicles respectively, an increase of 156.9% and 154.3% respectively. Among them, the production and sales of pure electric vehicles completed 108,000 and 102,000 respectively, up 124.7% and 131% respectively year-on-year; the production and sales of plug-in hybrid vehicles were 42,000 and 40,000 respectively, up 305.3% and 242.6% respectively. .

In addition, automobile exports grew faster than the previous year. According to customs data, in February 2018, a total of 83,000 vehicles were imported, down 3.0% year-on-year; the total vehicle exports were 80,000, an increase of 62.7%. In January-February, the total import volume of the whole vehicle was 177,000, a year-on-year increase of 7.6%; the total export of the whole vehicle was 166,000, an increase of 30.1%.

SAIC Dongfeng sales top

According to the data released by the China Automobile Association, in March, the top ten enterprises in terms of automobile sales (according to the group) were SAIC, Dongfeng, FAW, Changan, Beiqi, Guangzhou Automobile, Geely, Great Wall, Brilliance and Chery. Compared with the previous month, the sales of the above ten companies all showed rapid growth. Ten companies sold a total of 2,543,300 units in March, accounting for 88.21% of total vehicle sales.

From January to March, the top ten companies in terms of automobile sales were SAIC, Dongfeng, FAW, Changan, Beiqi, Guangzhou Automobile, Geely, Great Wall, Brilliance and Chery. Compared with the same period of last year, Changan and BAIC's sales volume decreased rapidly, Chery's decline was slightly lower, and the other seven companies showed different degrees of growth. From January to March, the ten companies sold a total of 639,900 units, accounting for 89.09% of total vehicle sales.

From January to March, the top ten companies in China's brand car sales were SAIC, Changan, Geely, Dongfeng, Beiqi, Great Wall, FAW, Guangzhou Automobile, Jianghuai and Chery. Compared with the same period of last year, Geely, GAC and SAIC's sales growth rate exceeded 10%, FAW and Great Wall showed a small increase, and other companies declined to varying degrees. Changan and Beiqi were among the top losers, down 15.1% and 15.7% respectively. From January to March, the above-mentioned ten companies sold a total of 3,123,800 Chinese brand cars, accounting for 82.27%.

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