Brief analysis of the economic operation of the auto industry in July 2021
1. Overview of the overall operation
In July of this year, in the face of the recurrence of the epidemic in some areas and the frequent occurrence of extreme weather and other complex situations, the overall national economy was operating smoothly. Production demand continued to rise, employment prices were generally stable, new momentum grew rapidly, quality and efficiency steadily improved, and the market The main body expects to be positive. In this context, the automobile market is generally stable.
From the perspective of market conditions, this month’s automobile production and sales declined year-on-year. The influencing factors were: a high base in the same period last year (increased compared to the same period in 2019); Driven by passenger cars, passenger cars are still showing growth; the production and sales of passenger cars have decreased year-on-year due to the shortage of chips, but the rate of decline has narrowed. New energy vehicles continued to be a bright spot this month. The production and sales of the month continued to set new historical records. The cumulative production and sales have exceeded the domestic annual number, and the penetration rate from January to July continued to increase to 10%. In addition, this month's automobile exports also continued to maintain rapid growth, and the monthly export volume reached a record high.
Looking forward to the whole year, my country’s national economy will continue to be strengthened and improved steadily. However, the complex and changeable domestic and international situation will also bring uncertainty. In particular, the rebound of overseas epidemics will cause the risk of chip supply shortages to still exist. The recurrence of the epidemic in some areas will also affect supply and demand to a certain extent, and the continued high prices of raw materials will further increase the cost pressure of enterprises. These problems will also have an impact on the automotive industry. Taking all factors into consideration, we need to look at the development of the industry cautiously and optimistically.
2. Operation of the automobile industry in July 2021
Automobile production and sales continued to decline year-on-year
In July, the production and sales of automobiles were 1.863 million and 1.864 million, down 4.1% and 7.5% month-on-month, and down 15.5% and 11.9% year-on-year. Compared with the same period in 2019, production and sales increased by 3.2% and 2.7% respectively year-on-year. The output growth rate was 0.8 percentage points higher than that in June, and the sales growth rate turned from negative to positive.
From January to July, the production and sales of automobiles were 14.440 million and 14.756 million, an increase of 17.2% and 19.3% year-on-year. The growth rate continued to fall by 7 and 6.3 percentage points from January to June. Compared with the same period in 2019, production and sales increased by 3.4% and 4.2% year-on-year, respectively. The increase in output was the same as that in the first six months, and the increase in sales was 0.2 percentage points lower than that in the first six months.
The decline in passenger car production and sales has narrowed
In July, the production and sales of passenger vehicles were 1.548 million and 1.551 million, down 0.5% and 1.1% month-on-month, and 10.7% and 7.0% year-on-year, respectively. The decline was 3 and 4.1 percentage points lower than that in June, respectively. Looking at it: In the four types of models, except for the sales of crossover passenger cars, which showed a slight year-on-year increase, the production and sales of other models showed a decline. Compared with 2019, the production and sales of passenger vehicles increased by 1.3% and 1.1% year-on-year, and the growth rate of production and sales changed from negative to positive compared with June.
From January to July, the production and sales of passenger vehicles were 11.394 million and 11.56 million, an increase of 20.1% and 21.2% year-on-year, respectively. The growth rate continued to drop by 6.7 and 5.8 percentage points from January to June. Compared with the same period in 2019, production and sales fell by 1.2% and 1% year-on-year, respectively, and the rate of decline was 0.4 percentage points smaller than the average from January to June.
3. The production and sales of commercial vehicles dropped sharply year-on-year
In July, the production and sales of commercial vehicles were 315,000 and 312,000, down 18.8% and 30.0% month-on-month, and down 33.2% and 30.2% year-on-year. In terms of vehicle types, the production and sales of trucks have dropped significantly year-on-year, while the production and sales of passenger cars have increased significantly year-on-year. Compared with the same period in 2019, the production and sales of commercial vehicles increased by 13.8% and 11.3% year-on-year, and the growth rate dropped sharply by 17.4 and 24.5 percentage points from June.
From January to July, the production and sales of commercial vehicles were 3.045 million and 3.196 million, up 7.6% and 12.9% year-on-year, respectively. The growth rate continued to drop by 8.1 and 8 percentage points from January to June. Compared with the same period in 2019, the production and sales of commercial vehicles increased by 25.2% and 29% year-on-year, and the growth rate was 1.5 and 2.3 percentage points lower than that from January to June.
New energy vehicle production and sales continue to break new records
In July, the production and sales of new energy vehicles were 284,000 and 271,000 respectively, a year-on-year increase of 1.7 times and 1.6 times respectively. Among them, the production and sales of pure electric vehicles were 232,000 and 220,000 respectively, an increase of 1.8 times and 1.7 times respectively; the production and sales of plug-in hybrid vehicles were 52,000 and 50,000, respectively, an increase of 1.5 times and 1.6 times respectively; The production and sales of fuel cell vehicles were completed by 32 and 196 respectively, an increase of 3.6 times and 48 times respectively year-on-year. New energy production and sales continued to break new records this month. From the perspective of sub-models, the production and sales of pure electric vehicles and plug-in hybrid vehicles have also set new records.
From January to July, the production and sales of new energy vehicles were 1.504 million and 1.478 million, respectively, a year-on-year increase of two times. Among them, the production and sales of pure electric vehicles were 1.26 million and 1.227 million, an increase of 2.2 times year-on-year; the production and sales of plug-in hybrid vehicles were 244,000 and 251,000, respectively, an increase of 1.1 times and 1.3 times year-on-year; fuel cell vehicles The production and sales of 664 vehicles and 675 vehicles were completed, a year-on-year increase of 48.5% and 47.7% respectively.
