September car sales growth is weak "Golden 9" is not "gold"

The situation of the downturn in the passenger car market in September of this year in the traditional car sales season “Jin 9 Silver 10” has not improved. The data shows that in September, the production and sales of automobiles were 1.606 million and 1.167 million, and the cumulative growth rate of production and sales for the year returned to 5% and 3.4% respectively. This is the first time that sales have fallen in a single month since February. The cumulative growth rate has dropped for the first time since it increased for eight consecutive months, and it is still lower than the level of the same period of last year. The sharp decline in the sales and sales of Japanese cars was the main reason that caused the downturn in the passenger vehicle market in September.

According to the China Association of Automobile Manufacturers, there are three reasons for the growth of automobile production and sales in September. Firstly, due to the impact of the Diaoyu Islands, the Japanese automobile production and sales experienced a sharp decline; second, the overall level of automobile production and sales in September last year was relatively high; and third, the performance of commercial vehicles in September was sluggish.

According to statistics, in September, passenger cars sold a total of 160,000 vehicles in Japan, a month-on-month decrease of 29.49% and a year-on-year decrease of 40.82%, accounting for 12.16% of the total sales of passenger cars. The occupancy rate decreased by 6.46 percentage points from the previous month and was down from the same period of last year. 8.33 percentage points.

Faced with the market share given by the Japanese car archers, other car lines took the opportunity to grab more market share. The data shows that the sales of passenger cars of major foreign brands in September decreased by 40.8% compared with the same period of the previous year; the German, U.S., Korean and legal systems increased by 13.8%, 15.1%, 9.4% and 9.2% respectively. In September, domestic self-owned brand passenger cars increased by 7.5% year-on-year, accounting for 42.7% of the total sales of passenger cars. The market share exceeded the September 2010 level. At the same time, a record high in automobile exports in September also brought domestic auto makers a profit, and the economic benefits grew steadily.

In addition, although the production and sales of commercial vehicles in September increased significantly from the previous month, they showed a decline of more than 5% compared with the same period of last year, and the rate of decline was more than 4% after two consecutive months of 4% or less, and all models were produced and sold this month. Below the level of the same period last year. From the first nine months of growth, the cumulative growth in the production and sales of commercial vehicles continues to show a narrowing trend.

Dong Yang, executive vice president and secretary general of the China Association of Automobile Manufacturers, believes: "The sharp decline in the production and sales of Japanese cars in September was both reasonable and expected, and this situation will continue." Unpredicted change, the cumulative growth of production and sales for the year returned to the level of 5% and 3.4%, and the next market trend made it difficult for industry experts to judge. Dong Yang said: "In addition to the impact of Japanese cars, the outside world has reported that the introduction of 'cars to the countryside' policy has also caused the market to look forward to, so whether the 'silver ten' is difficult to judge, the China Association of Automobile Manufacturers has not lowered its expectations for the full year ."