China Automobile Dealers Association: December 2022 automobile retail sales ranking report

China Automobile Dealers Association: December 2022 automobile retail sales ranking report

According to the latest retail sales data from the China Automobile Dealers Association's Automotive Market Research Branch (CPCA), the domestic narrow passenger car market's retail sales reached 2.169 million units in December, a year-on-year increase of 3.0% and a month-on-month increase of 31.4%; the cumulative sales from January to December reached 20.543 million units, a year-on-year increase of 1.9%.

Analysis in December: With the release of the "New Ten Measures", the epidemic control has been relaxed, the purchase tax has been halved, and the national subsidy for new energy vehicles has entered the countdown, the auto market has clearly rebounded in December. The total wholesale sales of the top 15 automakers were 1.643 million vehicles, with a market concentration of 74.0% (down 2.9% month-on-month); the total retail sales of the top 15 automakers were 1.646 million vehicles, with a market concentration of 75.9% (up 0.7% month-on-month). There are eight companies with retail sales of more than 100,000 vehicles, namely BYD Auto, FAW-Volkswagen, Changan Automobile, SAIC Volkswagen, Geely Automobile, SAIC-GM, FAW Toyota and GAC Toyota, indicating that the general increase in corporate sales in December is closely related to consumers' mentality of chasing discounts and counting down.

The total wholesale volume for the whole year was 23.154 million vehicles, a year-on-year increase of 9.8%; the retail volume was 20.543 million vehicles, a year-on-year increase of 1.9%, of which the retail volume of fuel vehicles was 14.868 million vehicles, a year-on-year decrease of 2.302 million vehicles, and the retail volume of new energy vehicles was 5.674 million vehicles, a net increase of 2.687 million vehicles year-on-year.

The data in this article is based on the first draft of the monthly report of the Passenger Car Market Information Joint Committee.

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The following are retail data

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