China Passenger Car Association: Analysis of GAIN Price Index Trend in April 2021

China Passenger Car Association: Analysis of GAIN Price Index Trend in April 2021

The GAIN Index is published by Anluqin and is a comprehensive index system that reflects changes in terminal prices and discounts in the passenger car market.

1. 2021 GAIN Overall Price Change Index - April

The GAIN overall market price change index in April was 7.80, and the average market transaction price was 164,700.

1. The overall average transaction price in the market this month increased by RMB 3,600 compared with last month, a month-on-month increase of 2.2%.

2. In the passenger car market this month, the average transaction prices of sedans and SUVs increased by 3.3% and 1.1% respectively compared with the previous month, while the MPV market decreased by 3.1% month-on-month.

2. 2021 GAIN Overall Terminal Discount Index—April

The GAIN April overall market discount change index was 0.68, and the average market discount was 25,900.

1. The overall discount in the market this month decreased by 200 yuan compared with last month, a month-on-month decrease of 0.6%.

2. Among the three major vehicle body markets this month, only the sedan market had an overall discount increase of 1.8% compared with last month, while the overall discounts of the MPV market and SUV market decreased by 4.8% and 0.4% respectively compared with last month.

III. 2021 GAIN Vehicle Type Index—April

Passenger car market

1. GAIN's car market price change index in April was 9.24, and the average transaction price was RMB 155,500.

The average transaction price of sedans this month increased by RMB 4,900 compared with last month, a month-on-month increase of 3.3%.

The average transaction prices of all levels of the sedan market have increased this month, with Class B seeing the largest increase of 0.9%, Class A0 and Class A increasing by 0.4% and 0.3% respectively, and Class C rising slightly by 0.01%.

2. GAIN's car market discount change index in April was 0.58, and the average discount range in the market was 29,900.

The average discount in the sedan market this month increased by 500 yuan compared with last month, up 1.8% month-on-month.

The changes in terminal discounts in various market segments this month varied. The discounts in the A0 and C segments increased by 14.8% and 1.7% month-on-month, respectively, while the terminal discounts in the A and B segments decreased by 1.8% and 0.2% month-on-month, respectively.

SUV Market

1. GAIN SUV market price change index in April was 9.49, and the average transaction price was 173,200 yuan.

The average transaction price in the SUV market this month increased by RMB 1,800 compared with last month, a month-on-month increase of 1.1%.

In the SUV market this month, except for the C-class, the average transaction prices of other segments maintained an upward trend, with the A0 class rising by 4.1%, the A class rising by 0.5%, and the B class rising by 3.3%, while the average price of the C-class market fell by 5.8% month-on-month.

2. GAIN's SUV market discount change index in April was 1.00, and the average discount range in the market was 24,100.

The average discount in the SUV market this month decreased by 100 yuan compared with last month, a month-on-month decrease of 0.4%.

In the SUV market this month, although the terminal discounts in the A0 and C segments increased by 10% and 18.5% respectively compared with the previous month, and the overall discount in the B segment also increased by 3.1% month-on-month, the overall discount in the SUV market showed a slight decline this month due to the impact of a 2.8% month-on-month decrease in discounts in the A segment, which has the largest sales share.

MPV Market

1. GAIN MPV market price change index in April was -16.66, and the average transaction price was 169,000 yuan.

The average transaction price of MPVs in the market this month fell by RMB 5,400 compared with last month, a month-on-month decrease of 3.1%.

This month, the MPV market's overall average price has increased significantly due to a significant decline in sales of the low-end model Wuling Hongguang S.

2. GAIN MPV market discount change index in April was -0.24, and the average market discount was 6,800.

The average discount in the MPV market this month decreased by 300 yuan compared with last month, a month-on-month decrease of 4.8%.

Although the sales share of models with terminal discount amounts less than 5,000 yuan has been significantly reduced this month, the sales of high-end models with discounts above 10,000 yuan have also declined. Therefore, the overall MPV market discounts this month have decreased slightly compared with last month.

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