In May 2021, China’s passenger car output was 1.617 million, a year-on-year decrease of 2.7% From China Automobile Industry Association

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The following is the In May 2021, China’s passenger car output was 1.617 million, a year-on-year decrease of 2.7% From China Automobile Industry Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

According to the statistical analysis of China Automobile Industry Association, in May 2021, the production and sales of passenger cars were 1.617 million and 1.646 million respectively, with a month on month decrease of 5.7% and 3.4% respectively, and a year-on-year decrease of 2.7% and 1.7% respectively. Compared with last month, the growth rate turned from positive to negative.

Compared with that in 2019, the production and sales of passenger cars increased by 8.2% and 5.2% year-on-year, of which the growth rate of production increased by 5.2 percentage points compared with that in April, and the growth rate of sales decreased by 2.8 percentage points compared with that in April. The rapid expansion of production growth may be related to the measures taken by enterprises to reduce production in response to the implementation of the sixth national standard for light vehicles in May 2019.

According to the data of China Automobile Association, from January to may 2021, the production and sales of passenger cars completed 8.285 million and 8.437 million respectively, with a year-on-year growth of 39.1% and 38.1% respectively, and the growth rate continued to drop by 16.2 and 15 percentage points compared with that from January to April. Compared with the same period in 2019, the output decreased by 1.4% and the sales volume increased by 0.3% year-on-year respectively. The decline of output continued to narrow by 2 percentage points compared with that from January to April, and the growth rate of sales volume has changed from negative to positive.

In May 2021, the sales volume of China’s brand passenger cars decreased slightly on a month on month basis and maintained a rapid growth year on year basis, accounting for 41.3% of the total sales volume of passenger cars, with a decrease of 0.9 percentage points over the previous month and an increase of 7.1 percentage points over the same period of last year. Among the major foreign brands, compared with last month, the sales volume of Japanese passenger cars decreased rapidly, while that of French cars decreased slightly, while that of German cars, American cars and Korean cars increased slightly; Compared with the same period of last year, the sales volume of French brands maintained a rapid growth, while other foreign brands showed a decline.

More reading from techweb: China Association of automobile manufacturers: operation of automobile industry in May 2021 passenger Federation: Sales of 1.643 million passenger cars nationwide in May 2020, with a year-on-year growth of 6.3%; production and growth rate of China’s passenger cars from May 2020 to April 2021 (with original data table attached) China Association of automobile manufacturers: Sales of 2.218 million domestic cars in May 2021, with a year-on-year decline of 3.1% China Auto Industry Association: in January 2021, the sales volume of new energy vehicles increased by 238.5% year on year. China Auto Industry Association: it is estimated that the sales volume of China’s automobiles will reach 25 million in 2020. China Auto Industry Association: it is estimated that the sales volume of China’s automobile market will reach 25 million in 2020. China Auto Industry Association: from January to September 2020, the cumulative output of China’s automobiles will be 16.957 million, with a year-on-year decrease of 6.7%. China Auto Industry Association: 2 Brief analysis of sales of top ten SUV manufacturers from January to February in 021 China Association of automobile industry: economic operation of automobile industry in February 2021 China Association of automobile industry: production and sales of 1.503 million and 1.455 million automobiles in February 2021 China Association of automobile industry: Sales of top ten car manufacturers from January to February 2021 China Association of automobile industry: economic operation of automobile industry in November 2020 China Automobile Industry Association: from January to November in 2019, the sales of new cars were 23.11 million, a year-on-year decrease of 9.1%. China Automobile Industry Association: from January to February in 2021, the industrial added value of automobile manufacturing industry increased significantly year-on-year

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