China Passenger Car Association & Anluqin: The new four modernizations index of passenger cars in March 2023 is 79.0

China Passenger Car Association & Anluqin: The new four modernizations index of passenger cars in March 2023 is 79.0

The Passenger Car New Four Modernizations Index, jointly released by the Automobile Market Research Branch of the China Automobile Dealers Association (Passenger Car Market Information Joint Committee, abbreviated as PCCA) and Shanghai Anluqin Enterprise Management Consulting Co., Ltd. (abbreviated as Anluqin), aims to regularly monitor the development progress of the new four modernizations in the domestic passenger car market and judge future development trends through historical data comparison.

In March 2023, the new four modernization index of passenger cars was 79.0, of which the electrification index was 33.9, the intelligence index was 45.5, and the networking index was 60.0.

By retrospectively calculating the new four modernizations index of passenger cars starting from March 2022, we can see the changes in the trend of the new four modernizations index of passenger cars in the past 13 months.

At present, the new four modernizations index of passenger cars has three sub-indices, namely electrification index, intelligence index and networking index.

The electrification index was 33.9 in March 2023, maintaining an upward trend for two consecutive months.

The intelligence index in March 2023 was 45.5, a slight increase from the previous month.

The networking index in March 2023 was 60.0, also showing a slight increase from the previous month.

In March 2023, the national passenger car market retail sales reached 1.587 million units, a month-on-month increase of 14.3%. Among them, the retail sales of new energy passenger cars reached 543,000 units, a month-on-month increase of 23.6%. The continued increase in retail sales of new energy passenger cars has caused the electrification index to continue to rise this month.

At the same time, the sales of Tesla Model Y, Model 3, Ideal L7 and other models with a high degree of intelligent networking showed a significant increase in March month-on-month, which further promoted the steady improvement of the networking index and intelligence index.

Note: With the rapid development of the new four modernizations market, in order to better measure the development progress with the new four modernizations index, we will set medium-term development goals according to the characteristics of each index. When a certain index reaches the medium-term development goal, we will improve the measurement standard of this index. Continuously improve the new four modernizations index for the market dynamic monitoring system.

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