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China Jan Passenger NEV Retail Sales Expected to Fall Over 40% From Dec, CPCA Says
China Jan Passenger NEV Retail Sales Expected to Fall Over 40% From Dec, CPCA Says
Auto dealers' sales pace was disrupted in January due to the impact of the Covid infection wave and the early timing of the Chinese New Year, the CPCA said.
China's new energy passenger vehicle sales are expected to fall sharply in January compared with December, as a wave of Covid infections and the seasonal Chinese New Year holiday weighed on the industry.
The country's retail passenger vehicle sales in January are expected to be 1.36 million units, down 34.6 percent from a year earlier and down 37.3 percent from December, the China Passenger Car Association (CPCA) said today.
Among them, retail sales of new energy passenger vehicles (passenger NEV) are expected to be 360,000 units, up 1.8 percent year-on-year but down 43.8 percent from December, the CPCA said.
That means penetration of passenger NEVs, their share of all passenger car sales, was 26.5 percent in January, down from 29.5 percent in December.
Due to the impact of the Covid infection wave and the early timing of the Chinese New Year, auto dealers' sales pace was disrupted in January and performed weaker than normal seasonal levels, the CPCA said.
The NEV market is facing volatility in the short term, the CPCA said, adding that consumers are in a somewhat wait-and-see mood as some manufacturers have made significant price adjustments.
The latest survey shows that car companies that contribute 80 percent of China's auto sales saw retail sales drop by more than double digits in January compared with the same month last year, according to the CPCA.
Retail sales of China's major automakers were down 24 percent and 18 percent on a daily basis in the first and second weeks of January, respectively.
In the third week of January, the week before the Chinese New Year holiday, average daily retail sales are expected to be on par with the week before last year's Chinese New Year, but down 65 percent from a year ago, the CPCA said.
Given that auto sales typically recover after the holidays and the end-of-month sales pulses from automakers, the Chinese auto market is expected to pick up in the fourth week of January, with retail sales set to be up about 9 percent year-on-year, according to the CPCA.
Notably, the CPCA said the spread of the Covid epidemic has had a diminished impact on consumers' travel and car purchase decisions, and consumer confidence is warming up, with the Chinese auto market expected to return steadily to normalcy.
Local government policies to promote consumption are continuing moderately, and some car companies have introduced subsidy policies, which are expected to support the auto market in the first quarter, according to the CPCA.
Auto dealers' sales pace was disrupted in January due to the impact of the Covid infection wave and the early timing of the Chinese New Year, the CPCA said.
CPCA表示,由于Covid感染浪潮的影响和农历新年的提前,汽车经销商的销售步伐在1月份受到干扰。
China's new energy passenger vehicle sales are expected to fall sharply in January compared with December, as a wave of Covid infections and the seasonal Chinese New Year holiday weighed on the industry.
由于一波Covid感染浪潮和农历新年季节性假期给该行业带来压力,预计中国1月份的新能源乘用车销量将与12月相比大幅下降。
The country's retail passenger vehicle sales in January are expected to be 1.36 million units, down 34.6 percent from a year earlier and down 37.3 percent from December, the China Passenger Car Association (CPCA) said today.
中国乘用车协会(CPCA)今天表示,中国1月份的乘用车零售销量预计为136万辆,比去年同期下降34.6%,比12月下降37.3%。
Among them, retail sales of new energy passenger vehicles (passenger NEV) are expected to be 360,000 units, up 1.8 percent year-on-year but down 43.8 percent from December, the CPCA said.
CPCA表示,其中,新能源乘用车(乘用新能源汽车)的零售销量预计为36万辆,同比增长1.8%,但比12月下降43.8%。
That means penetration of passenger NEVs, their share of all passenger car sales, was 26.5 percent in January, down from 29.5 percent in December.
这意味着乘用车新能源汽车的渗透率(占所有乘用车销量的份额)在1月份为26.5%,低于12月的29.5%。
Due to the impact of the Covid infection wave and the early timing of the Chinese New Year, auto dealers' sales pace was disrupted in January and performed weaker than normal seasonal levels, the CPCA said.
CPCA表示,由于Covid感染浪潮的影响和农历新年的提前,汽车经销商的销售步伐在1月份受到干扰,表现低于正常的季节性水平。
The NEV market is facing volatility in the short term, the CPCA said, adding that consumers are in a somewhat wait-and-see mood as some manufacturers have made significant price adjustments.
CPCA表示,新能源汽车市场在短期内面临波动,并补充说,由于一些制造商进行了重大价格调整,消费者有点观望。
The latest survey shows that car companies that contribute 80 percent of China's auto sales saw retail sales drop by more than double digits in January compared with the same month last year, according to the CPCA.
根据CPCA的数据,最新调查显示,占中国汽车销量80%的汽车公司在1月份的零售额与去年同月相比下降了两位数以上。
Retail sales of China's major automakers were down 24 percent and 18 percent on a daily basis in the first and second weeks of January, respectively.
中国主要汽车制造商的零售额在1月的第一周和第二周分别下降了24%和18%。
In the third week of January, the week before the Chinese New Year holiday, average daily retail sales are expected to be on par with the week before last year's Chinese New Year, but down 65 percent from a year ago, the CPCA said.
CPCA表示,在1月的第三周,即农历新年假期前一周,平均每日零售额预计将与去年农历新年前一周持平,但比去年同期下降65%。
Given that auto sales typically recover after the holidays and the end-of-month sales pulses from automakers, the Chinese auto market is expected to pick up in the fourth week of January, with retail sales set to be up about 9 percent year-on-year, according to the CPCA.
根据CPCA的数据,鉴于汽车销量通常在节假日后以及汽车制造商的月底销售脉搏后恢复,预计中国汽车市场将在1月的第四周回升,零售额将同比增长约9%。
Notably, the CPCA said the spread of the Covid epidemic has had a diminished impact on consumers' travel and car purchase decisions, and consumer confidence is warming up, with the Chinese auto market expected to return steadily to normalcy.
值得注意的是,CPCA表示,Covid疫情的蔓延对消费者旅行和购车决策的影响有所减弱,消费者信心正在升温,预计中国汽车市场将稳步恢复正常。
Local government policies to promote consumption are continuing moderately, and some car companies have introduced subsidy policies, which are expected to support the auto market in the first quarter, according to the CPCA.
据CPCA称,地方政府促进消费的政策仍在适度延续,一些汽车公司已经出台了补贴政策,预计将在第一季度支持汽车市场。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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