May car market in Beijing analyzed half-year impulse inventory pressure

● In May, there were no ups and downs in the 49,400 new cars market. Reporters learned from the North Asian Auto City Automobile Information Conference that Beijing sold a total of 49,400 new cars in May, an increase of 58.8% year-on-year and a decrease of 1.98% year-on-year. The slight decline in sales volume year-on-year shows that the auto market is still in a stable state and there has been no ups and downs.

● Imports of imported vehicles continued to increase terminal concessions by an average of 11,000. Imports of new cars increased steadily. In May, Beijing imported 4700 vehicles, a year-on-year increase of 42.4%, and an increase of 6.8% from the previous month. The sales of imported cars were 9 percentage points higher than the overall level of domestic new cars, and the volume of imported cars accounted for 9.5% of the total new-vehicle transactions during the month, compared with the previous month. Increased by 0.8%.

Imports continue to increase while imports continue to increase, while concessions continue to increase. According to statistics, China’s customs auto imports reached a record high of 117,000 units in May. The total market concession for imported vehicles continued to increase in the same month, and the market price increased by RMB 11,000.

● Application for subsidies increased by 48.2% qoq. The owners of the old car began to hurry to change cars. In terms of used car transactions, although the volume of used car transactions in Beijing in May was negative by 3.9%, the volume still reached 56700, which was 1.15 times the volume of new cars. . Data from the Beijing Municipal Bureau of Environmental Protection also showed that the number of applications for government-subsidized vehicles in May increased by 48.2% month-on-month, indicating that the intention of selling old cars is still strong. In May, 49.4% of Beijing’s used cars were relocated, the used car market will gradually shift to digesting inventory, and the traditional relocation route used by used cars will be unsmooth, which will have a negative impact on the replacement sales of new cars in Beijing. New car sales face greater pressure.

● Half a year's impulse inventory pressure Consumers can enjoy the benefits of the auto market At present, half of the dealers have stocks that are too long, and stocks account for more than 35% of the stock for more than one month. Yan Jinghui, deputy general manager of the Beijing Asian Games Village Auto Trading Center, predicted that the accumulated inventory pressure on the dealers will be too heavy. The next six months and months of heavy impulses will make it imperative for dealers to maintain large sales promotions and digest stocks.

In addition, in response to Beijing V emission standards implementation countdown, the promotion of the national VI car will also start the preferential campaign, the owners of interested car buyers can take advantage of the opportunity to take a benefit.

Last month, the State Council decided to allocate 6 billion yuan to support the promotion of energy-saving vehicles with a displacement of 1.6 liters and below. Zhao Ping, deputy director of the Consumer Economics Research Department of the Ministry of Commerce, analyzed that as the auto market is an important pillar to boost consumption and stimulate the economy, auto consumption accounts for more than a quarter of the consumer goods above quota, and the country attaches great importance to the stimulating effect of the auto market on consumption. Various signs have also shown that automobile consumption stimulus policies will be gradually introduced.

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