Operation of automobile industry in December 2022

China's total automobile production and sales volume has been the first in the world for 14 consecutive years. In 2022, despite the impact of many adverse factors such as frequent outbreaks of epidemic, structural shortage of chips, high prices of power battery raw materials, and local geopolitical conflicts, the overall recovery of China's automobile market has improved under adverse circumstances under the effective pull of a series of stable growth and consumption promotion policies such as halving the purchase tax, and the joint efforts of enterprises in the whole industry, Achieve positive growth and show strong development resilience.

1、 Small increase in automobile production and sales

In December, the production and sales of automobiles were 2.383 million and 2.556 million, respectively, with a month-on-month decrease of 0.3% in production and a month-on-month increase of 9.7% in sales, with a year-on-year decrease of 18.2% and 8.4% respectively.

In 2022, the production and sales of automobiles were 27.021 million and 26.864 million, up 3.4% and 2.1% year on year, respectively. Compared with the previous year, the growth rate of production was flat, and the growth rate of sales dropped 1.7 percentage points.

2、 Significant increase in passenger cars

In December, the production and sales of passenger cars were 2.125 million and 2.265 million respectively, with the output decreasing by 1.4% and the sales volume increasing by 9% on a month-on-month basis, with a year-on-year decrease of 16.1% and 6.7% respectively. Among them, the domestic sales of traditional fuel passenger vehicles were 1.31 million, up 14.2% month-on-month and down 25.3% year-on-year.

In 2022, despite the impact of chip shortage and epidemic spread, the domestic passenger car market sales volume was characterized by "U-shaped reversal and significant increase" thanks to the purchase tax preference and the rapid growth of new energy. The production and sales of passenger cars were 23.836 million and 23.563 million respectively, up 11.2% and 9.5% year on year, with an increase of more than 7 percentage points higher than that of the industry.

In December, the sales of domestic high-end brand passenger cars reached 375000, down 1.6% month-on-month and 1.9% year-on-year. High-end brands have maintained rapid growth in the first two years, but due to the continuation of the epidemic, consumer demand has been affected to a certain extent. Especially, high-end brand consumers are mostly people who buy more and more, and the overall pace has slowed down.

In 2022, the sales of high-end brand passenger cars reached 3.886 million, up 11.1% year on year. 1.6 percentage points higher than the growth rate of passenger cars, accounting for 16.5% of the total passenger car sales, 0.7 percentage points higher than the previous year.

3、 There are still bright spots in the low level operation of commercial vehicles

In December, the production and sales of commercial vehicles were 258000 and 291000 respectively, up 9.8% and 15.2% on a month-on-month basis, and down 32.1% and 20.2% on a year-on-year basis. The overall demand for commercial vehicles slowed down due to the demand overdraft under the early environmental protection and overload control policies, and the production and living conditions were limited under the influence of the superimposed epidemic situation, including the high oil price and other factors.

In 2022, the production and sales of commercial vehicles will be 3.185 million and 3.3 million respectively, down 31.9% and 31.2% year on year. Although the commercial vehicle market hovered at a low level in 2022, the overseas market performed brilliantly, with 582000 commercial vehicles exported, up 44.9% year on year.

4、 Explosive growth of new energy vehicle market

In December, the production and sales of new energy vehicles were 795000 and 814000 respectively, with a year-on-year increase of 51.8% and a market share of 31.8%.

Under the dual role of policy and market, in 2022, new energy vehicles continued to grow explosively, with the production and sales of 7.058 million and 6.887 million vehicles, up 96.9% and 93.4% respectively year on year, and the market share reached 25.6%, 12.1 percentage points higher than that of the previous year. The year-on-year growth rate in April, which was greatly affected by the epidemic, was still more than 40%, and then quickly recovered to a high level.