In March 2022, the automobile consumption index was 70.5 From China Automobile Circulation Association

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On April 6, 2022, China Automobile Circulation Association released the latest issue of “automobile consumption index”: the automobile consumption index in March 2022 was 70.5.

In March, the epidemic broke out in many places, the prevention and control efforts were strengthened, and the prevention and control measures of closing cities or closing some areas were taken in many places. The prevention and control of the epidemic has significantly affected consumers’ travel and car purchase, and the car sales activities in these regions have also pressed the pause button, which has seriously affected the improvement of car sales. Due to the wide coverage, large number of infected people and great pressure on prevention and control, this round of epidemic is expected to have a great impact on the automobile market in early April. If the epidemic is properly controlled, it is expected to improve in mid and late April, and the car purchase demand restrained by the epidemic in the early stage will be released in April, so as to improve the car sales. However, there is a tomb sweeping Day holiday in April. In some southern regions, car sales will be affected to a certain extent due to customs and habits, and it is not suitable to buy cars in the same month. At the same time, due to the recent rise in gasoline prices, some car buyers will switch to new energy vehicles, but the sales price of new energy vehicles is also rising, which makes these customers postpone their car purchase plans and wait-and-see. In addition, there are usually price reduction and promotion activities at large auto shows in May over the years, which also makes some customers delay buying cars. On the whole, car sales in April were basically the same as those in March. Due to the uncertainty of the epidemic, there may be small fluctuations.

Trend chart of automobile consumption index

From the sub index constituting the automobile consumption index, the demand sub index in March 2022 was 62.5, lower than that of the previous month. It is expected that the market demand will decline in April.

Automobile consumption index – demand sub index

The store entry sub index in March 2022 was 71.2, higher than that of the previous month. The current round of epidemic broke out in March, and all regions have been strictly prevented and controlled. Through the joint efforts of all departments, it is expected that the epidemic will improve in mid and late April. The mitigation of the epidemic is conducive to the increase of the number of people entering stores and watching cars.

Auto consumption index – trend chart of in store sub index

The purchase sub index in March 2022 was 75.1, higher than that of the previous month. The epidemic situation is expected to ease in April, and the continuation of some promotion policies will promote the improvement of automobile sales. However, there is also insufficient demand and some customers delay buying cars due to factors such as may auto show promotion and rising gasoline prices. Overall, the actual purchase of consumers in April is expected to be basically the same as that in March.

Auto consumption index – purchase sub index trend chart

In April, the recurrence of the epidemic, the customs and habits of not buying cars during the Qingming Festival in some parts of the South and the rise in gasoline prices will have a certain impact on car sales. It is expected that the car market will remain depressed in early April. If the epidemic is controlled in mid and late April, the backlog of market demand in the short term will be released quickly. On the whole, the car sales in April are expected to be basically the same as that in March. Due to the uncertainty of the epidemic, the sales may fluctuate slightly. More reading: China Automobile Circulation Association: the automobile consumption index in December 2021 was 71.4. China Automobile Circulation Association: the automobile consumption index in August 2021 was 74.6. China Automobile Circulation Association: the automobile consumption index in May 2020 was 63.0. China Automobile Circulation Association: the automobile consumption index in October 2021 was 66.1. China Automobile Circulation Association: the automobile consumption index in February 2020 was 28.3. China Automobile Circulation Association: the automobile consumption index in March 2020 The cost index is 63.0. China Automobile Circulation Association: the automobile consumption index in November 2019 is 84.1. China Automobile Circulation Association: the automobile consumption index in November 2021 is 72.3. China Automobile Circulation Association: the automobile consumption index in March 2021 is 71.3. China Automobile Circulation Association: the automobile consumption index in December 2020 is 78.9. China Automobile Circulation Association: the automobile consumption index in July 2020 is 60.3. China Automobile Circulation Association: the automobile consumption index in October 2020 The consumption index is 71.6. China Automobile Circulation Association: the automobile consumption index in November 2020 is 80.0. China Automobile Circulation Association: the automobile consumption index in August 2020 is 76.6. China Automobile Circulation Association: the automobile consumption index in September 2020 is 77.8

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