More than 90% of A／H listed car companies sold more cars in November than in the same period of last year, and the annual car sales in 2023 could reach a new height of 30 million cars.

Cailian News Agency, December 11th (Reporter Hao Xu) After "Golden September and Silver 10", the popularity of China’s automobile market continued in November. With the help of the "double 11" promotion and other consumer waves, the demand for car purchases was further released, and the market performance continued to improve and exceeded expectations.

On December 11th, data released by China Automobile Association showed that in November, the production and sales of automobiles were 3.093 million and 2.97 million respectively, up 7% and 4.1% from the previous month and 29.4% and 27.4% from the same period last year. From January to November, the production and sales of automobiles were 27.111 million and 26.938 million, respectively, up by 10% and 10.8% year-on-year, and the growth rate was 2 and 1.7 percentage points higher than that in January-October.

The Cailian reporter counted the sales of 14 A/H listed car companies in November. Except Haima, the other 13 car companies all achieved year-on-year growth in that month, accounting for more than 90%.

"In the same month, the production and sales of automobiles increased year-on-year, passenger cars continued their good momentum, commercial vehicles maintained rapid growth, and new energy vehicles and automobile exports led the industry growth." Chen Shihua, deputy secretary-general of China Association of Automobile Manufacturers, said. Overall, in November, the production and sales of new energy vehicles were 1.074 million and 1.026 million respectively, up by 39.2% and 30% respectively. "In November, the production and sales of new energy vehicles exceeded 1 million, which is the first time that the monthly production and sales of new energy vehicles exceeded 1 million; In November, the penetration rate of new energy vehicles reached 34.5%, exceeding 30% for seven consecutive months. "

According to the data of China Automobile Association, in November, 482,000 vehicles were exported, up 46.3% year-on-year, among which 97,000 new energy vehicles were exported, up 1.6% year-on-year. "Export is an important force driving the growth of China’s automobile production and sales this year." Chen Shihua believes.

Take BYD as an example. In November, the sales volume once again exceeded 300,000 vehicles, reaching 301,903 vehicles, up 31.02% year-on-year, among which the export of passenger cars reached 30,629 vehicles, up 148.7% year-on-year. According to BYD, "BYD currently sells two models overseas, one is Dolphin and the other is Yuan PLUS. Seals are being launched one after another, and it is expected that more models will be listed next year. The next focus is to further expand overseas channels and push more models overseas. "

Similarly, Changan Automobile sold 227,327 vehicles in November, up 23% year-on-year, of which 50,598 vehicles were self-owned brand new energy, up 52.7% year-on-year; Overseas sales of independent brands reached 23,976 vehicles, up 518.6% year-on-year. It is worth noting that on November 27th, two new energy products of Changan Automobile, DEEPAL L07 and DEEPAL S07, landed in Bangkok, Thailand, and opened full-line booking. Aouita 11 and Aouita 12 also made their debut in Thailand. Changan Automobile established the Southeast Asia Division, at the same time, it also established three local companies and localization operation teams, namely Changan Automobile Southeast Asia, Changan Thailand Sales and Changan Thailand Parts. The production base of new energy vehicles in Thailand has started construction.

In addition, SAIC, Great Wall Motor and Geely Automobile have performed well in new energy vehicles and exports. Among them, Great Wall New Energy Vehicle sold 31,248 vehicles in November, up 142.93% year-on-year, achieving year-on-year growth for eight consecutive months; Overseas, relying on the strategy of "going to sea by ecology", Great Wall Motor sold 35,496 vehicles overseas in November, up 76.7% year-on-year, and its sales volume exceeded 30,000 for four consecutive months.

While strengthening the layout of overseas sales, car companies are also continuing to "roll in" the domestic new energy market. Just entering December, the new energy auto market has ushered in a more fierce "price war". Traditional independent brands, such as BYD and Changan Automobile, as well as new car-making forces "Wei Xiaoli" and new energy car companies, such as Extreme Vietnam, have introduced multiple preferential policies, with the maximum preferential range exceeding 30,000 yuan.

"With the continuous emergence of policy effects, auto shows and promotional activities in various places continue to exert their strength, and the company’s final sprint in the last month, it is expected that the auto market will continue to improve in December, reappearing the phenomenon of’ tail-jumping’ at the end of the year. "Chen Shihua analysis. At the same time, Cui Dongshu, secretary-general of the Federation, predicted that "the overall car sales this year may reach a new height of 30 million vehicles."

For the performance of China’s automobile market next year, at the "2024 China Automobile Market Development Forecast Summit" held on December 11th, Wang Qing, deputy director of the Market Economy Research Institute of the State Council Development Research Center, predicted that "the wholesale sales volume of the automobile market will continue to increase by about 5% in 2024. The growth rate of sales will largely depend on exports. " In the long run, Wang Qing predicts that by 2030, car sales will maintain a potential growth rate of around 2%-3% annually.

According to the performance of the domestic terminal retail market, Chen Chuan, director of the data energy-saving strategy research room of China Automobile, predicted that the growth rate of the passenger car market would reach 3.2% in 2024, and the sales volume was expected to increase by 700,000 vehicles to 22.5 million vehicles. Among them, the sales volume of new energy passenger cars was 9.68 million, with a growth rate of 29.9% and a penetration rate of 43%; The sales volume of new energy commercial vehicles was 460,000, with a growth rate of 32.8% and a penetration rate of 14.1%.

This article is from Hao Xu, a reporter from Cailian Association.