The following is the In 2020, automobile consumption will decrease by 2%, new energy vehicle production will increase by 17% by 1.46 million From China Automobile Circulation Association recommended by recordtrend.com. And this article belongs to the classification: New energy vehicle industry.
According to the data of the National Bureau of statistics, the automobile production in December this year was 2.8 million units, with a 7% growth rate, of which the growth rate of cars was 11%, which was also a very good high growth rate.. In December of 20, the added value of automobiles was 10%, which was at a recent high, better than last year’s trend. In December, the total retail sales of automobile consumer goods increased by 6.4% year on year, with strong growth for four consecutive months.. At present, this year’s auto production is expected to be close to the same level, and the new energy vehicles are expected to grow at the same rate.
Sales of automobile products improved significantly. In the face of the impact of the epidemic, the central and local governments have introduced a number of policies and measures to stabilize and promote automobile consumption, and the effect is gradually apparent. In December, the retail sales of automobile products of units above the designated size have increased continuously and strongly. According to the data of the passenger car Association, the volume of wholesale sales of passenger cars in December increased by 7% year-on-year, achieving a stable and positive growth.
1. The trend of automobile consumption rose sharply in December of 20
In December, the total retail sales of automobile consumer goods increased by 6% year on year, which is already very good. In December, the total retail sales of social consumer goods reached 4056.6 billion yuan, up 4.6% year on year, and the growth rate was 0.4 percentage point lower than that of last month. Among them, the retail sales of consumer goods other than automobiles reached 3569.5 billion yuan, an increase of 4.4%.
In 2020, the total retail sales of social consumer goods will reach 391981 billion yuan, a decrease of 3.9% over the previous year. Among them, the retail sales of consumer goods other than automobiles amounted to 35256.6 billion yuan, down 4.1%.
The automobile consumption in 18-19 years is relatively low, the entry-level consumption is still insufficient, and the upgrading performance of middle and high-end consumption is outstanding. The automobile consumption in 2020 is affected by the Spring Festival at the beginning of the year, and then affected by the epidemic situation. At present, it is gradually rising. After July, the contribution of automobile to consumption is positive.
2. Auto production will stabilize in December 2020
By product, in December, 417 of 612 products increased year-on-year. Steel 120.34 million tons, a year-on-year increase of 12.8%; cement 213.33 million tons, an increase of 6.3%; ten kinds of non-ferrous metals 5.75 million tons, an increase of 8.6%; ethylene 2.08 million tons, an increase of 11.3%; automobile 2.804 million, an increase of 6.5%, including new energy automobile 238000, an increase of 55.6%; power generation 727.7 billion kwh, an increase of 9.1%; crude oil processing capacity 60 million tons, an increase of 2.1%.
In December of this year, the automobile production reached 2.8 million units, with a 7% growth rate. The growth rate of cars was 11%, which was also a good high growth rate.
3. The high added value of automobiles has stabilized in the past 20 years
In December, the added value of industries above designated size increased by 7.3% year on year. In 2020, the added value of industries above Designated Size will increase by 2.8% over the previous year.
In December of 20, the added value of automobiles was 10%. Although the base was high, it was still at a recent high, better than last year’s trend. In the past 18 years, the added value of automobile industry increased by 4.9%. In the past 19 years, the added value of automobile industry increased by 1.8%, which was lower than the average level of the added value of manufacturing industry. This year, the growth rate rebounded to the normal level of 6.6%, making a great contribution to the steady growth of manufacturing industry.
4. The production of new energy vehicles increased by 56% in December
In terms of products, in December, the average number of vehicles per day was 90000, an increase of 6.5%. Considering the high base of 87000 in December, this year’s growth performance is relatively good.
In December, the average daily production of cars was 34000, up 11% year on year. The average number of cars per day was 31000 in December last year. This year, due to the recovery of market demand, the production in December was stronger.
In the past two years, commercial vehicles are stronger than passenger vehicles. The consumption structure in the past 20 years is further unfavorable to consumption. The growth rate of car production is lower than the average growth rate of cars, and the growth rate of SUV production is lower than the overall growth rate of cars, which has become a depressing factor to restrain consumption.
In the year of 18, 1.3 million new energy vehicles were produced, 40% more than in the year of 17.. In the past 18 years, new energy passenger vehicles reached 1 million, and continued to maintain a strong high growth trend. In 19 years, it produced 1.19 million new energy vehicles, with a weak growth rate of – 1%.. From January to December of 20 years, 1.46 million new energy vehicles were produced, with a growth rate of 17%. The production of new energy vehicles in December was 238000, up 56%.
5. Negative growth of automobile investment in December of 20
From January to December 2020, China’s fixed asset investment (excluding farmers) was 51890.7 billion yuan, an increase of 2.9% over the previous year. Among them, the investment in mining industry decreased by 14.1%, and the decrease rate expanded by 4.9 percentage points;
The investment in manufacturing industry decreased by 2.2%, and the decrease rate narrowed by 1.3 percentage points; the investment in automobile industry recovered to – 12%.
In December 2020, the auto investment will pick up obviously, and the new energy cooling will lead to the gradual improvement of the investment downturn in the auto industry.
6. The consumption squeeze effect of the housing price surge in the auto market continues to be strong
The hot property market in 16-19 has a great impact, and the gradual cooling in the later period has a good promotion for the car market.. In 2020, the sales area of commercial housing will be 1760.86 million square meters, an increase of 2.6% over the previous year and a decrease of 0.1% over the previous year. Among them, the sales area of residential buildings increased by 3.2%, the sales volume of residential buildings increased by 10.8%, the sales volume of office buildings decreased by 5.3%, and the sales volume of commercial buildings decreased by 11.2%.
At present, the property market is booming in December, and the sales in the eastern region are soaring. This is also the last way to cut leeks. The current household income does not support the continuous high debt.
The rebound speed of the property market is relatively strong. From June to December, the growth rate was surprisingly high.
The booming property market is mainly supported by the deposit and advance payment of residents, and the loan is also at a high level. This has a certain diversion effect on the car market’s car purchase funds.
The wealth effect of the property market has a certain promoting effect on the demand for high-end cars.
7. The consumption of automobile market in 2021 needs continuous policy support
In December, the total retail sales of social consumer goods reached 4056.6 billion yuan, up 4.6% year on year, and the growth rate was 0.4 percentage point lower than that of last month. Among them, the retail sales of consumer goods other than automobiles reached 3569.5 billion yuan, an increase of 4.4%.
In 2020, the total retail sales of social consumer goods will reach 391981 billion yuan, a decrease of 3.9% over the previous year. Among them, the retail sales of consumer goods other than automobiles amounted to 35256.6 billion yuan, down 4.1%.. At present, the problem of low consumption is still prominent, but automobile consumption is stabilizing at 12%. In the future, automobile consumption should gradually rise to support the overall consumption growth.
This year’s consumption of refined oil products has dropped considerably, which is also the loss of sales caused by low oil prices. However, it is also a good effect to promote the consumption of automobile market. After all, low oil prices also lower the threshold of use.
In the overall social retail, the retail sales of commodities above the quota are stronger, which is also the first reversal in recent years, reflecting the good promotion effect of automobile consumption on the overall mass consumption. Read more: China Automobile Circulation Association: auto consumption will increase by 12% in October 2020, and new energy vehicle production will increase by 94% in 160000. China Automobile Circulation Association: 57 new authorized 4S stores for luxury brands will be added in the first quarter of 2020 41 online 4S stores: China Automobile Circulation Association: monthly report of China’s imported automobile market in April 2020 China Automobile Circulation Association: in March 2020, the sales volume of domestic narrow sense passenger car market will reach 1.045 million Penguin Zhiku: report on China’s automobile consumption trend in 2015 e-media & MEC: Research on China’s automobile consumption situation and consumers’ online habits Global BBA, Porsche, Tesla sales tracking (with download) sinking market auto consumption report: 46.83% of users have intention to buy a car, the demand for built-in replacement will be concentrated in the next two years Roland Berger & today’s headline: 2017 China auto consumption attention report Deloitte|《 China auto finance white paper 2015 auto production and marketing market and circulation system gradually mature
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