In April this year, more than 2.25 million vehicles were sold in the domestic auto market, an increase of 8.6% over the same period last year, according to the data of China Association of automobile industry on the 12th. In the first four months, the cumulative sales exceeded 8.74 million vehicles, an increase of nearly 52% over the same period last year. The China Association of automobile industry said that with the continuous incentive of the government authorities to the consumption drive, the stable development of the automobile industry will still have a solid foundation and continue to show a stable and good development trend.

According to the data, the sales of passenger cars exceeded 1.7 million in April, with a year-on-year growth of nearly 11%. The cumulative sales of passenger cars in the first four months were nearly 6.8 million, with a year-on-year growth of more than 53%. Among them, sales of luxury models continued to grow, with nearly 290000 vehicles sold, a year-on-year growth of more than 22%, more than double the average growth rate of the passenger car market. The sales of commercial vehicles in April were nearly 550000, with a year-on-year growth of 2.3%. The sales of the first four months were nearly 1960000, with a year-on-year growth of more than 47%.

In addition, new energy vehicles continue to maintain rapid growth. In April, nearly 210000 new energy vehicles were sold, a year-on-year increase of 1.8 times, continuing to refresh the historical record of the month. In the first four months, the cumulative sales of new energy vehicles exceeded 730000, with a year-on-year growth of 2.5 times.

Although the auto market in April still maintained a year-on-year growth, the month on month number decreased and the growth rate began to decline. For example, although the sales of passenger cars increased by more than 53% year-on-year in April, they fell by 9.1% on a month on month basis, and the sales of commercial vehicles also fell by nearly 16% on a month on month basis.

In this regard, the China Association of automobile industry said that the main reason for the decline in the growth rate of automobile sales in April is that since April 2020, automobile production and sales have gradually recovered, and the impact of high growth brought by low base has been significantly weakened. Therefore, the year-on-year growth rate of production and sales in that month has dropped significantly compared with that of last month.

But at the same time, compared with the same period in 2019, some production and marketing indicators in the cumulative data still show a good development trend. For example, the production and sales situation of passenger and commercial models is basically consistent with that of the industry. Among the passenger cars, SUV’s monthly production and sales are larger than that of cars, and the market share of Chinese brand passenger cars has increased significantly this month. The overall performance of the production and sales of new energy vehicles is still better than that of the industry, with monthly production and sales of more than 200000 vehicles, and the production and sales continue to refresh the historical record of the month. The export volume of automobiles exceeded 150000 in the same month, with a year-on-year growth of 1.1 times and a month on month growth of 13.7%, reaching a new record. In the first four months, nearly 520000 cars were exported, with a year-on-year growth of more than 88%.