Views: 0 Author: Wondee Autoparts Publish Time: 2021-12-22 Origin: Wondee Autoparts
On December 14, 2021, the "2022 China Auto Market Development Forecast Summit & Investment Cooperation Conference" was held in Yibin, Sichuan, China.
At the meeting, Chen Shihua, Deputy Secretary General of China Automobile Industry Association, made a comprehensive and in-depth study and judgment on the development of China's automobile market in 2022. He believes that, on the whole, China's auto market will maintain a moderate growth trend in the future. In terms of long-term development, the current Chinese market is still in the transition stage from the initial stage of popularization to the later stage of popularization, and the sales of new cars have gradually shifted from the incremental market to the stock market. Although China's auto market fluctuated in 2018, throughout history, automobile developed countries also fluctuated for about 2-4 years in the popularization stage. Judging from this law, the production and sales of China's automobile market is at the end of short-term adjustment, and will maintain a moderate growth trend in the future.
| China's Automobile Market Forecast in 2021 and 2022 | |||||
| Unit: x10,000 Vehicles | |||||
| 2020 | 2021F | Year-on-year growth rate | 2022F | Year-on-year growth rate | |
| Total Sales | 2531 | 2610 | 3.12% | 2750 | 5.36% |
| Passenger Car | 2018 | 2130 | 5.55% | 2300 | 7.98% |
| Commercial Vehicle | 513 | 480 | -6.43% | 450 | -6.25% |
| New Energy Vehicle | 137 | 340 | 148.18% | 500 | 47.06% |
According to the prediction of China Automobile Industry Association, China's total automobile sales in 2021 will be 26.1 million, a year-on-year increase of 3.1%. Among them, the sales volume of passenger cars will be 21.3 million, a year-on-year increase of 5.6%; The sales volume of commercial vehicles will be 4.8 million, a year-on-year decrease of 6.4%; The sales volume of new energy vehicles will be 3.4 million, a year-on-year increase of 1.5 times. In 2022, China's total automobile sales volume will be 27.5 million, a year-on-year increase of 5.4%, of which the sales volume of passenger cars will be 23 million, a year-on-year increase of 8%; The sales volume of commercial vehicles will be 4.5 million, a year-on-year decrease of 6%; The sales volume of new energy vehicles will be 5 million, a year-on-year increase of 47%. On the whole, during the "14th Five-Year-Plan" period, the macroeconomic recovery, the improvement of the economic situation of low - and middle-income groups and the policy support at the national policy level will promote the good development of China's automobile market. By 2025, China's auto market is expected to reach about 30 million vehicles.
From: China Association of Automobile Manufacturers
Translated by; WONDEE Autoparts
2021/12/22
