Economic performance of the auto industry in May

Auto production and sales continued to decline in May from a year earlier, with the decline accelerating from the previous month.

I. auto sales in May fell 16.4 percent year on year

In may, automobile production and sales reached 1.848 million and 1.913 million units respectively, down 21.2 percent and 16.4 percent year-on-year.

In the january-may period, the production and sales of automobiles reached 10.237 million and 10.266 million respectively, both down 13% year on year.

1. Passenger car sales in May fell 17.4 per cent year on year

In may, production and sales of passenger cars reached 1.491 million and 1.561,000, down 23.7 percent and 17.4 percent, respectively, year-on-year. Among them, the production and sales of cars were 788,000 and 784,000, down 20.3 percent and 16.6 percent year on year, respectively. The production and sales of suvs were 588,000 and 643,000 respectively, down 25.1% and 15.6% year-on-year. The production and sales of MPV reached 86,000 and 108,000 respectively, down 34.8% and 22.4% year-on-year. The production and sales of crossover passenger cars reached 30,000 and 26,000, down 39.7% and 46% respectively year-on-year.

From January to may, the cumulative production and sales of passenger cars reached 8.379,000 and 8.399,000, down 15.6% and 15.2%, respectively, year-on-year. Among them, the production and sales of cars were 4.071 million and 4.099 million, respectively, down 13.1% and 13.4% year-on-year. The production and sales of suvs were 3.551 million and 3.561 million, down 17.9 percent and 15.7 percent year on year, respectively. The production and sales of MPVS reached 578,000 and 573,000, down 21.1 percent and 23.9 percent year on year, respectively. The production and sales of cross-sectional passenger cars reached 180,000 and 166,000 respectively, down 0.1% and 13.1% year on year.

In may, a total of 565,000 Chinese brand passenger cars were sold, down 28.1 percent year-on-year, accounting for 36.2 percent of total passenger car sales, down 5.4 percentage points year-on-year.

From January to may, a total of 3.335 million passenger vehicles were sold, down 23.4 percent year-on-year, accounting for 39.7 percent of total passenger vehicle sales. Among them, 809,000 cars were sold, down 19.2% year on year, and the market share was 19.8%. SUV sales were 1.919 million, down 25.3 percent year on year, with a market share of 53.9 percent. MPVS sold 440,000 units, down 25.2 percent year on year, with a market share of 76.8 percent.

2.Commercial vehicle sales fell 11.8 percent in May from a year earlier

In may, the production and sales of commercial vehicles reached 357,000 and 351,000 respectively, down 8.5 percent and 11.8 percent year-on-year. Among them, 320,000 and 316,000 trucks were produced and sold, down 6.8% and 9.9% respectively. The production and sales of passenger cars were 37,000 and 35,000 respectively, down 21% and 25.7% year-on-year.

From January to may, the total production and sales of commercial vehicles reached 1.858 million and 1.867 million respectively, up 0.7 percent and down 1.3 percent year-on-year. According to the production and sales of different models, the output of trucks increased by 2.2% and the sales volume decreased by 0.5%. Passenger car production and sales fell 12.5 percent and 8.8 percent year on year, respectively.

Ⅱ. Sales of new energy vehicles rose 1.8 percent in May from a year earlier

In may, the production and sales of new energy vehicles reached 112,000 and 104,000 respectively, up 16.9 percent and 1.8 percent year-on-year. Among them, the production and sales of pure electric vehicles reached 94,000 and 83,000 respectively, up 21.7% and 1.4% respectively year-on-year. Production of plug-in hybrid electric vehicles reached 18,000 units, down 4.2% year on year, while sales reached 21,000 units, up 2.2% year on year.

From January to may, new energy vehicles were produced and sold 480,000 and 464,000 respectively, up 46 percent and 41.5 percent year on year. Among them, the production and sales of pure electric vehicles were 380,000 and 361,000 respectively, up 52% and 44.1% year-on-year. Production and sales of plug-in hybrid electric vehicles rose 26.4 percent and 32.7 percent year on year to 99,000 and 103,000, respectively.

Ⅲ. The main business income of key enterprises in the first four months of this year fell by 9.2% year on year

From January to April, the main business revenue of key enterprises (groups) in the automobile industry reached 1.262.72 trillion yuan, down 9.2% year on year. The total amount of profits and taxes reached 153.79 billion yuan, down 20% year on year.

Ⅳ.Auto exports fell 16.4 percent in May from a year earlier

In may, exports of finished automobiles totaled 78,000, down 16.4 percent year on year. In terms of vehicle types, 55,000 passenger cars were exported, down 20.4% year on year. Commercial vehicle exports were 23,000, down 4.5 percent year on year.

In the january-may period, total vehicle exports were 392,000, down 4.9 percent year on year. In terms of vehicle types, 259,000 passenger cars were exported, down 14.5% year on year. Commercial vehicle exports totaled 133,000 units, up 21.7 percent year on year

(note: the above data are from the association of automobile manufacturers)