Automobile industry

The automobile consumption index in March 2021 is 71.3 From China Automobile Circulation Association

The following is the The automobile consumption index in March 2021 is 71.3 From China Automobile Circulation Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

On April 2, 2021, China Automobile Circulation Association released the latest issue of “automobile consumption index”: the automobile consumption index in March was 71.3. After the Spring Festival, the car consumption heat has cooled down. In April, affected by the Qingming Festival and the cooling down of car consumption, the demand fell back, and it is expected that the insufficient support of consumption demand will continue. Affected by the recent stock market turmoil, the investment income of residents has declined, and the stocks have been covered, which has led to the decrease of capital liquidity and delayed the car purchase plan.

Trend chart of automobile consumption index

From the sub index of automobile consumption index, the demand sub index in March 2021 was 83.3, which was significantly lower than that of last month.

Auto consumption index demand sub index trend

In March 2021, the in store sub index was 77.3, up from last month. As the weather warms up and the passenger flow picks up, consumers’ willingness to enter the store increases. The main reason is that spring auto shows have been held in many places in April. In addition, the number of new cars on the market is expected to increase.

Auto consumption index – store index trend chart

In March 2021, the purchase index was 83.3, and the actual purchase intention of consumers declined. On the one hand, affected by the customs of Qingming Festival in southern China, the willingness to buy cars was low in April. On the other hand, with the increase of dealers’ inventory, car prices fluctuated greatly, and consumers had a wait-and-see attitude.

Trend chart of automobile consumption index purchase sub index

April is the traditional off-season of the automobile market. Affected by seasonal factors, the sales volume has declined. With the increase of inventory pressure of dealers, the promotion discount will be increased, and consumers are also watching the price dynamics.

Multiple auto shows and new car launch will promote the recovery of regional market sales, while the rapid recovery of new energy vehicle market will also drive the overall market sales. In April, new cars such as Skoda Mingrui pro, Toyota Asia lion, Hyundai Touareg L and new Peugeot 4008 / 5008 were launched. In addition, new energy vehicles such as arcfox α s, SAIC Volkswagen id.4x and BYD song plus were launched.

To sum up, it is expected that the sales volume of national automobile market in April will be equal or slightly lower than that in March. Read more: China Automobile Circulation Association: the automobile consumption index in April 2020 is 67.6 China Automobile Circulation Association: the automobile consumption index in November 2020 is 80.0 China Automobile Circulation Association: the automobile consumption index in May 2020 is 63.0 China Automobile Circulation Association: the automobile consumption index in September 2020 is 77.8 China Automobile Circulation Association : the automobile consumption index in May 2020 is 63.0 China Automobile Circulation Association: the automobile consumption index in February 2020 is 28.3 China Automobile Circulation Association: the automobile consumption index in December 2020 is 78.9 China Automobile Circulation Association: the automobile consumption index in March 2020 is 63.0 China Automobile Circulation Association: the automobile consumption index in December 2020 is 78.9 The automobile consumption index in November 2019 is 84.1 China Automobile Circulation Association: the automobile consumption index in October 2019 is 67.7 China Automobile Circulation Association: the automobile consumption index in October 2020 is 71.6 China Automobile Circulation Association: the automobile consumption index in August 2020 is 76.6 China Automobile Circulation Association: the automobile consumption index in July 2020 is 60.3 China Automobile Circulation Association: in mid April 2020 Monthly report of China’s imported automobile market China Automobile Circulation Association: in March 2020, the sales volume of domestic narrow sense passenger car market reached 1.045 million, a year-on-year decrease of 40.4%

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