China Passenger Car Association & CAM: Passenger car market product competitiveness index is 90.2 in March 2022

China Passenger Car Association & CAM: Passenger car market product competitiveness index is 90.2 in March 2022

The Automobile Market Research Branch of the China Automobile Dealers Association (Passenger Car Market Information Joint Committee, referred to as the Passenger Car Market Information Joint Committee) and Shanghai Fulan Automotive Technology Co., Ltd. ( CAM Automotive Consulting) jointly released the " Product Competitiveness Index " with the aim of building a mature product evaluation standard, studying the factors affecting product competitiveness, and gaining insight into market trends.

The " Product Competitiveness Index " is an index that quantifies product competitiveness by building a product competitiveness index system based on four dimensions: user reputation, market popularity, product evaluation, and price strength. The larger the index value, the stronger the comprehensive competitiveness of the product.

Index Overview March 2022

Taking January 2019 as the base period, the overall market product competitiveness index in March 2022 was 90.2 , up 0.4 points month-on-month ; from the perspective of the three major market segments, the sedan market increased by 0.7 points month-on-month , while the SUV and MPV market distribution decreased by 0.1 and 0.7 points month-on-month.

Overall market product competitiveness index trend

In March 2022, the wholesale volume of passenger cars was 1.814 million units, a year-on-year decline and a month-on-month increase; due to sporadic outbreaks in Jilin, Shanghai, Shandong, Guangdong and other provinces and cities, and the impact of local management measures on logistics efficiency, the overall market heat dropped by 0.2 points, while manufacturers' terminal discounts expanded, and the price strength index reflecting market discounts increased by 0.4 points month-on-month; overall, the overall market product competitiveness increased by 0.4 points month-on-month from the previous month.

Note: Only the data for the last 12 months are retained, with January 2019 as the base point 100 %

Trend of product competitiveness index in the sedan market

Overall, the product competitiveness index of the sedan market in March 2022 was 90.8 , up 0.7 points month-on-month . Among them, the price strength and product evaluation indicators increased by 1.1 and 0.6 points month-on-month respectively, while the market heat and user reputation indicators decreased by 0.5 and 0.1 points month-on-month respectively .

Note: Only the data for the last 12 months is retained, with January 2019 as the base point 100%

SUV Market Product Competitiveness Index Trend

Overall, the SUV market product competitiveness index in March 2022 was 89.0, down 0.1 point from the previous month. Among them, the price strength and product evaluation indicators both fell by 0.4 points from the previous month, while the market popularity and user reputation indicators rose by 0.2 and 0.1 points from the previous month, respectively.

Note: Only the data for the last 12 months are retained, with January 2019 as the base point 100 %

MPV market product competitiveness index trend

Overall, the MPV market product competitiveness index in March 2022 was 95.5 , a decrease of 0.7 points month-on-month. Among them , the product evaluation index declined the most month-on-month, down 1.2 points.

Note: Only the data for the last 12 months is retained, with January 2019 as the base point 100%

Passenger Car Market Information Joint Conference

Shanghai Fulan Automotive Technology Co., Ltd.

About the Product Competitiveness Index

Build method:

A product competitiveness index system is constructed based on four dimensions: user reputation, market popularity, product evaluation, and price strength.

The first step is to construct evaluation indicators in four dimensions, such as user reputation including secondary indicators such as appearance, interior, and space.

The second step is to make the collected basic data of the four dimensions consistent and standardized so that the data dimensions of each dimension are unified.

The third step is to set the weight of the evaluation index based on subjective and objective factors. The objective factor is mainly based on the differentiated information between the data, while the subjective factor is determined by the expert group.

The fourth step is to calculate the product competitiveness indicators by weighted calculation.

Indicator Description:

User reputation index - an index that truly reflects the owner's experience with the car.
Market heat index - an index that objectively reflects the marketing effect of products
Product evaluation index - an index that objectively reflects the cost-effectiveness of a product
Price force index - an index that describes the price change of a product

Data source:

The data related to calculating product evaluation and price strength, such as sales volume, mix, price, etc., mainly come from the research and monitoring of CPCA and CAM; the data related to calculating user reputation and market heat indicators, such as marketing, publicity, reputation, etc., mainly come from the CAM big data platform.

<<:  Oculus founder: Virtual reality will replace mobile phones

>>:  As family functions enter the process of intelligence, will machines change the future family structure?

Recommend

Google releases Android 5.1 with device protection features

March 10 news, according to foreign media reports...

The difficulty in reducing car weight lies in the manufacturer's facilities

In recent years, automakers have made significant...

Zero-based small fresh pen light color course 2021 [HD quality only video]

Zero-based small fresh pen light color course 202...

Why do plants shed their leaves? It's not that simple to calculate

Poets can't help but feel sad when facing the...

Are brands like Apple and Zhong Xuegao no longer attractive?

We have all heard the story of eating steamed bun...

How is household electricity generated? Let’s start with Faraday

We cannot live without electricity every day, and...

Google adjusts 3D perception mobile phone project Tango or will develop products

Google has a project called Tango that is working...