China Association of Automobile Manufacturers: The retail sales of narrow passenger cars in November are expected to be 2.08 million, and new energy vehicles are expected to be 820,000 Recently, the China Association of Automobile Manufacturers released forecast data showing that in November, the retail market for narrow passenger cars is about 2.08 million, an increase of 2.3% month-on-month and a 26% year-on-year increase due to the low base in the same period last year. Among them, the retail sales of new energy vehicles are about 820,000, an increase of 3.6% month-on-month and 36.4% year-on-year, with a penetration rate of about 39.4%. Specifically, the market operated moderately at the beginning of November, with major manufacturers selling an average of 37,900 vehicles per day in the first week of November, a decrease of 27.4% month-on-month and an increase of 5.5% year-on-year; in the second week, “Double Eleven” started, with an average daily retail of 49,800 vehicles, a 26.1% year-on-year increase, and a 6.7% month-on-month decrease; as orders opened for delivery during Double Eleven, the market warmed up in the third week, with an average daily retail of 62,200 vehicles, a month-on-month increase of 9% and a year-on-year increase of 21%; in the fourth week, the average daily retail was 67,100 vehicles, a year-on-year increase of 26.3%; in the fifth week, it entered the end-of-month rush phase, with the average daily year-on-year expected to be 37.3%, and the expected average daily retail of 151,400 vehicles.
The China Passenger Car Association pointed out that as November enters the year-end sprint stage, the heat of the fuel vehicle market continues moderately; the new energy market is expected to reach a historical high under the dual drive of new product effects and prices, providing strong support for the overall vehicle market in November. Various car companies have increased their visibility through promotion during “Double Eleven” and the Guangzhou Auto Show in mid-November, and it is expected that the vehicle market will still maintain a relatively high level of prosperity in November. However, the market response during “Double Eleven” was relatively average, with demand relatively cold, and the end market has not yet shown the potential for explosive sales. However, the organization also stated that with the increase in delivery volume of new products and the upcoming adjustment of the purchase tax policy, the heat of the new energy market has significantly increased. At the Guangzhou Auto Show starting on November 17th, there will still be a large number of eye-catching product releases, and the new energy market will become the main support for market growth at the end of the year.