From January to April, the import and export of automobiles have both increased greatly. Passenger cars have become the main thrust.

Release time:

2021-06-01

From January to April, the import and export of automobiles have both increased greatly. Passenger cars have become the main thrust.

Recently, the General Administration of Customs released data showing that from January to April, my country imported 333000 cars (including chassis), a year-on-year increase of 39.8; a total of 585000 cars (including chassis) were exported, a year-on-year increase of 83.3.

Consumption upgrade pushes up auto imports

In this regard, Cui Dongshu, secretary-general of the Passenger Association, analyzed that car imports from January to April reached 36% of the whole year of 2020, which has a greater opportunity to promote positive growth throughout the year, and the core driving force of market growth is the consumption upgrade of passenger cars.

jzz

Judging from the structural characteristics of automobile imports, high-end cars remain strong. From January to April, Mercedes Benz, BMW and Audi ranked among the top three in import volume; Lexus, Tesla and Cadillac also showed a good trend; however, truck imports showed a downward trend, especially the import volume of heavy trucks and medium trucks dropped significantly; in terms of new energy, the import volume of pure electric vehicles was greatly affected by Tesla's domestic production, and the plug-in hybrid models also decreased.

By country, European imported cars have performed relatively well this year. Among them, from January to April, the import volume of German brands increased by 82% year-on-year; the import volume of Hungary and Italy increased even more; but the performance of imported cars in Asia, especially Japan and Thailand, was average.

In terms of sales, sales of imported cars reached 319000 in January-April, basically unchanged from the same period in 2019, but weaker than the sales performance of domestic high-end cars and independent brands.

Chip shortage good car exports

In terms of exports, Cui Dongshu analysis, in the overseas epidemic continuation of the environment, January-April still accumulated exports of cars (including chassis) 585000 vehicles, passenger car export increment into the main thrust, the future export market prospects will be more broad. Especially in the case of the global shortage of automotive chips, it is more favorable to the domestic auto export market. China's auto exports to the European market have skyrocketed, and exports to markets such as Australia have also performed well.

jzz

Judging from the structural characteristics of automobile exports, the four-wheel drive suv models performed better from January to April; truck exports were also strong. From January to April, 107000 trucks were exported, an increase of 111 percent over the same period last year, of which 71000 light trucks were exported, an increase of 114 percent over the same period last year. In addition, from January to April, the average monthly export volume of new energy passenger cars reached 28000, accounting for about 25 percent of the total passenger car exports, much higher than the level of domestic sales.

From the perspective of export regions, the recent growth of European market share has been outstanding; the trend of continuous and substantial increase in exports to North America in the past two years has declined; the performance of Africa and South America has rebounded slightly. Focusing on this year, the markets with strong growth in domestic vehicle exports are Chile, Saudi Arabia, Australia, Russia, Sweden, Belgium, the United Kingdom, Norway, etc., and the main increase comes from relatively developed countries.

Passenger car exports are divided into displacement, and the range of 1.5 liters -2 liters is the main export body. This is also the most competitive area for Chinese brand passenger cars. The export product positioning of electric vehicles is low, and the export demand is relatively unstable.

(Source: China Economic Net)