China Association of Automobile Manufacturers Car sales in May reached 2382 million units, a year-on-year increase of 279%

In May, car sales in China increased by 279% to 2382 million units

【PhoneAuto News】On June 9th, PhoneAuto learned that according to data from the China Association of Automobile Manufacturers, China’s automobile production and sales in May were 2.333 million and 2.382 million respectively, an increase of 9.4% and 10.3% month-on-month, and an increase of 21.1% and 27.9% year-on-year. From January to May, automobile production and sales were 10.687 million and 10.617 million respectively, an increase of 11.1% year-on-year. Last month, China’s automobile production and sales completed 2.133 million and 2.159 million respectively, an increase of 76.8% and 82.7% year-on-year.

In addition, China’s passenger car market sales continued to grow. Recently, the China Passenger Car Association released an analysis of the national passenger car market in May. The data shows that the retail sales of passenger cars in the market were 1.742 million, an increase of 28.6% year-on-year and 7.3% month-on-month. Cumulative retail sales from January to May were 7.632 million, an increase of 4.2% year-on-year. In May, the export of passenger cars (including complete vehicles and CKD) was 302,000 units, an increase of 64.0% year-on-year and 1.0% month-on-month. From January to May, the export of passenger cars was 1.381 million units, an increase of 102.0% year-on-year. In May, the retail sales of new energy vehicles in the market were 580,000 units, an increase of 60.9% year-on-year and 10.5% month-on-month. The cumulative retail sales from this year were 2.421 million units, an increase of 41.1% year-on-year. In May, the domestic retail penetration rate of new energy vehicles was 33.3%, an increase of 6.7 percentage points year-on-year. The penetration rate of new energy vehicles in domestic independent brands was 57.1%, in luxury cars was 23.0%, and in mainstream joint venture brands was 4.0%.

May automobile sales data

• Tesla Model 3 is priced at less than 150,000 yuan in the United States, which is unexpectedly 90,000 yuan cheaper than in China
• The all-new GAC Honda Haoying eHEV/ePHEV will be launched on June 19th
• Ford Motor Company is preparing to cancel its operations due to poor sales The team will be integrated back into Ford China

It is worth mentioning that the China Passenger Car Association predicts that China’s passenger car exports will continue to maintain strong growth in June. Due to the clear policy of postponing the sales of National VI B models, and the efforts of local governments and automobile companies to boost sales in the final half of the year, the month-on-month production and sales in June are expected to perform well. Recently launched models have steadily improved their product strength, and the phenomenon of sales differentiation has become more obvious. The market performance of automobile companies in the first half of the year may accelerate differentiation.

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