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On July 14, the Passenger Vehicle Association released a monthly analysis reviewing the national passenger car market in June, and in June, China's passenger car market retailed 1.
575 million units, down 5.
1%
from June 2020.
Among them, the retail sales of luxury cars were about 250,000, down 1% year-on-year; Retail sales of own-brand passenger cars were approximately 600,000 units, a year-on-year increase of 16%; Retail sales of passenger cars under mainstream joint venture brands were approximately 730,000 units, down 18%
y/y.
In June, China's luxury car retail sales were about 250,000, down 1% year-on-year and 4% month-on-month in May, but up 28%
compared to June 2019.
Luxury cars continue to maintain the characteristics of structural stability, reflecting the demand for high-end replacement of consumption upgrades, is still strong, and competition has little impact
.
In June, China's own brand passenger car retail sales were about 600,000 units, a year-on-year increase of 16%, a month-on-month increase of 2% in May, and a decrease of 6%
compared with June 2019.
The wholesale market share of self-owned brands was 42.
8%, an increase of 11% over the same period; And the share of domestic retail sales was 38%, an increase of 7 percentage points
year-on-year.
The industrial chain of the head enterprises of independent brands has strong resilience, effectively overcome the pressure of chip shortage, and has achieved significant increments in new energy, so BYD, GAC AION, Changan, Hongqi, Chery and other brands have increased at
a high rate year-on-year.
In June, the retail sales of passenger cars of mainstream joint venture brands in China were about 730,000 units, down 18% year-on-year, down 7% from May, and down 22%
from June 2019.
The retail share of Japanese brand passenger cars in June was 23%, down 2.
5 percentage points
y/y.
The retail share of the U.
S.
passenger car market reached 10.
8%, an increase of 0.
6 percentage points year-on-year, and performed well
.
German brand passenger cars are still in the stage
of adjusting and gaining momentum.
On July 14, the Passenger Vehicle Association released a monthly analysis reviewing the national passenger car market in June, and in June, China's passenger car market retailed 1.
575 million units, down 5.
1%
from June 2020.
Among them, the retail sales of luxury cars were about 250,000, down 1% year-on-year; Retail sales of own-brand passenger cars were approximately 600,000 units, a year-on-year increase of 16%; Retail sales of passenger cars under mainstream joint venture brands were approximately 730,000 units, down 18%
y/y.
In June, China's luxury car retail sales were about 250,000, down 1% year-on-year and 4% month-on-month in May, but up 28%
compared to June 2019.
Luxury cars continue to maintain the characteristics of structural stability, reflecting the demand for high-end replacement of consumption upgrades, is still strong, and competition has little impact
.
In June, China's own brand passenger car retail sales were about 600,000 units, a year-on-year increase of 16%, a month-on-month increase of 2% in May, and a decrease of 6%
compared with June 2019.
The wholesale market share of self-owned brands was 42.
8%, an increase of 11% over the same period; And the share of domestic retail sales was 38%, an increase of 7 percentage points
year-on-year.
The industrial chain of the head enterprises of independent brands has strong resilience, effectively overcome the pressure of chip shortage, and has achieved significant increments in new energy, so BYD, GAC AION, Changan, Hongqi, Chery and other brands have increased at
a high rate year-on-year.
In June, the retail sales of passenger cars of mainstream joint venture brands in China were about 730,000 units, down 18% year-on-year, down 7% from May, and down 22%
from June 2019.
The retail share of Japanese brand passenger cars in June was 23%, down 2.
5 percentage points
y/y.
The retail share of the U.
S.
passenger car market reached 10.
8%, an increase of 0.
6 percentage points year-on-year, and performed well
.
German brand passenger cars are still in the stage
of adjusting and gaining momentum.