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A few days ago, the passenger association released data showing that in May 2021, the retail sales of China's narrow passenger car market reached 1.
625 million units, an increase of 1.
0% over May 2020, and an increase of 3% compared with May 2019, and the low base increment of previous months was basically eliminated
this month.
In May, the retail sales of China's narrow passenger car market increased by 1.
0% compared with April, which was basically the same
as the average monthly growth rate of previous years.
In May, China's narrow passenger car manufacturers sold 1.
606 million units, down 3.
1% from April, down 2.
1% from May last year, and up 4%
from May '19.
In May, China's narrow passenger car production was 1.
576 million units, down 2.
6% from May 2020, of which luxury brand production increased by 9% year-on-year, joint venture brand production decreased by 22%, and own brand production increased by 26%.
From January to May this year, the cumulative retail sales of China's narrow passenger car market reached 8.
364 million units, a year-on-year increase of 38.
1%, still at the historical high of the growth rate of the same period from January to May since 2011
.
The reason for the super growth from January to May was, on the one hand, due to the low base effect of the cumulative retail sales decline of 26% in the same period last year; On the other hand, the contribution of new energy vehicles to the growth has been increasing, contributing 10 percentage points
y/y from January to May.
From January to May, the cumulative wholesale sales of passenger cars in China's narrow sense were 8.
280 million units, a year-on-year increase of 38.
8%, unchanged from the same period in 2019
.
Recently, the binding force of manufacturers' inventory assessment has declined
.
From January to May, China's narrow passenger car production totaled 8.
054 million units, a year-on-year increase of 41.
0%
over 2020.
A few days ago, the passenger association released data showing that in May 2021, the retail sales of China's narrow passenger car market reached 1.
625 million units, an increase of 1.
0% over May 2020, and an increase of 3% compared with May 2019, and the low base increment of previous months was basically eliminated
this month.
In May, the retail sales of China's narrow passenger car market increased by 1.
0% compared with April, which was basically the same
as the average monthly growth rate of previous years.
In May, China's narrow passenger car manufacturers sold 1.
606 million units, down 3.
1% from April, down 2.
1% from May last year, and up 4%
from May '19.
In May, China's narrow passenger car production was 1.
576 million units, down 2.
6% from May 2020, of which luxury brand production increased by 9% year-on-year, joint venture brand production decreased by 22%, and own brand production increased by 26%.
From January to May this year, the cumulative retail sales of China's narrow passenger car market reached 8.
364 million units, a year-on-year increase of 38.
1%, still at the historical high of the growth rate of the same period from January to May since 2011
.
The reason for the super growth from January to May was, on the one hand, due to the low base effect of the cumulative retail sales decline of 26% in the same period last year; On the other hand, the contribution of new energy vehicles to the growth has been increasing, contributing 10 percentage points
y/y from January to May.
From January to May, the cumulative wholesale sales of passenger cars in China's narrow sense were 8.
280 million units, a year-on-year increase of 38.
8%, unchanged from the same period in 2019
.
Recently, the binding force of manufacturers' inventory assessment has declined
.
From January to May, China's narrow passenger car production totaled 8.
054 million units, a year-on-year increase of 41.
0%
over 2020.
