May 10thCasinogamesfreespinsThe National passenger car Market Information Association (hereinafter referred to as the "Joint passenger car Association") released the data.

Data show that in April this year, the national passenger car market retail 153Casinogamesfreespins.2000 vehicles, down 5% from the same period last year.Casinogamesfreespins.7%, down 9.4% from the previous month. Retail sales have totaled 6.364 million so far this year, an increase of 8.0% over the same period last year.

(file picture) from the financial and economic gallery of the Times

For the passenger car retail market in AprilCasinogamesfreespinsSales declined, Cui Dongshu, secretary general of the Federation of passengers, said that factors such as price instability led to a strong wait-and-see atmosphere for consumers, and passenger car retail showed a cyclical month-on-month downward trend in April.

Although the new car "price war" of new energy vehicles brings a certain increment, it is not sustainable and the internal differentiation is serious. At the same time, under the "price war", there is no room for continuous price reduction for conventional fuel models, and the market is accelerated by new energy vehicles, bringing wait-and-see for some users, which further suppresses the room for sales improvement.

Looking forward to May, Cui Dongshu believes that with the implementation of the state's "trade-in" policy, the introduction and follow-up of corresponding policies and measures in various localities, and the phased cooling of the price war for new products in the car market, the consumer enthusiasm of wait-and-see groups in the market has been stimulated, and the market should enter a relatively good stage of development.

"the continued downturn in the consumption of conventional fuel vehicles is an important factor in curbing the overall recovery of the auto market." Cui Dongshu believes that this policy of trade-in, scrapping and renewal has reasonably ensured the exchange demand of consumers of fuel vehicles, which is of great significance to the stable development of the car market, and is beneficial to the gradual strengthening of the car market in the next few months.

Recently, Liu Yiming, chief analyst of the automotive industry of Haitong Securities (600837), said in an interview with the Securities Times e Company that in the medium to long term, the price war will increase the market concentration of the entire passenger car industry, and the last remaining head, high-quality car companies can enjoy a relatively high profit margin. With reference to historical cycles, it is estimated that the probability of further deterioration of this round of price war will not be particularly high.

In terms of sales structure, each segment of the passenger car market in April was in a year-on-year decline. Figures show that self-branded retail sales of 880000 vehicles in April were up 11 per cent from a year earlier and down 5 per cent from a month earlier. In the process of a slight decline in overall sales, the market share of head car companies further increased, especially the sales performance of BYD (002594), Chery, Geely Motor and Great Wall Motor (601633) in April.

In terms of joint venture brands, the mainstream joint venture brands sold 450000 vehicles in April, down 26 per cent from the same period last year and 9 per cent from the previous month. Specifically, in April, the retail share of German brands was 19%, down 2.2 percentage points from the same period last year, and that of Japanese brands was 15.2%, down 3.6 percentage points from the same period last year. The retail share of American brands reached 5.9%, down 2.6 percentage points from the same period last year.

Exports remained a bright spot in the passenger car market in April. Customs data show that in April, domestic car exports were 556000, up 31% from January to April, up 31% from January to April, up 26% from a year earlier. Of these, 41000 were exported by BYD, 30700 by Tesla, 6048 by SAIC, 4990 by Nashi and 4310 by Chery.

According to the information released by the Federation, according to the overseas market retail data of monitored independent brand exports, A0-class electric vehicles account for nearly 50%, which is the absolute main force of independent exports. Cui Dongshu said that in addition to the outstanding performance of traditional export car companies in overseas markets, recent exports of new forces are also gradually increasing.