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How about the situation with a passenger car, including mini bus car in August 2021?

mini bus car

Per the statistical analysis of China Association of Automobile Manufacturers, automobile production and sales continued the downward trend in August 2021 generally. The year-on-year decline was larger than that of last month.

On the one hand, the intensification of the epidemic in Malaysia has led to the shortage of chips at vehicle regulation level, it has further aggravated the shortage of chips in enterprises.

At the same time, affected by the higher base in the same period. The year-on-year decline in the production and sales of passenger cars, including mini bus car has expanded compared with last month, but the market share of Chinese brand passenger cars has increased significantly.

1. The year-on-year decline in monthly production and sales of passenger cars, including mini bus car expanded.

In August, the production and sales of passenger cars, including mini bus car were 1.497 million and 1.552 million respectively. The output decreasing by 3.3% month-on-month. The sales volume increasing by 0.04% month-on-month, decreasing by 11.9% and 11.7% year-on-year. The decrease was 1.2 percentage points and 4.7 percentage points higher than that in July.

Compared with 2019, the production and sales of passenger cars decreased by 11.7% and 6.2% year on year. At present, passenger cars show a development trend of mismatch between supply and demand. The market demand is relatively stable. But the supply side has reduced a certain amount of production due to chip shortage.

From January to August, the production and sales of passenger cars were 12.891 million and 13.112 million respectively. Up by 15.2% and 16.0% respectively compared with the same period of last year. The growth rate continued to drop by 4.9 and 5.2 percentage points from January to July.

Compared with the same period in 2019, the production and sales decreased by 2.5% and 1.7% respectively. The decrease was 1.3 and 0.7 percentage points higher than that in January-July.

2. The market share of Chinese brand passenger cars has risen sharply.

In August, 704,000 Chinese brand passenger cars were sold, up 6.8% year-on-year. The market share reached 45.3%, up 7.8 percentage points over the same period.

From January to August, a total of 5.612 million Chinese brand passenger cars were sold, up 36.7% year-on-year. The market share of 42.8%, up 6.5 percentage points over the same period.

mini bus car

For the fourth quarter, China’s national economy is generally stable and supports the automobile consumption demand to remain stable. However, the supply side fluctuates greatly, the complicated and changeable domestic and international situation brings many uncertainties. Considering various factors, we need to look at the development of the industry for passenger car, including mini bus car cautiously and optimistically. Preliminarily predict that the market for the whole year may be weaker than expected.

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