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October sales year-on-year | fuel trucks plunged 12%, new energy vehicles surged 85%
Nov 23, 2018

According to the data of the Association, in October 2018, the sales of traditional vehicles fell by 6% from the previous month, and the sales of narrow-seat passenger cars fell by more than 12%.

The traditional automobile market is obvious.

Traditional car monthly sales 'six-game losing streak'

In the face of the pressure of 2.5% of the purchase tax concessions at the end of the year, the traditional car market sales continued to fall in October 2018, a drop of 6%.

The retail sales of narrow-seat passenger cars was 1.95 million units, down 13.2% year-on-year; the wholesale sales were 2.1 million units, down 12.7% year-on-year.

This is the sixth consecutive month of decline in sales of traditional cars and the three-year year-on-year decline in sales since 2016.  

The problem of negative sales growth has become a major problem in the traditional car market.

New energy vehicles enter the sales boom.

Compared with traditional cars, the new energy vehicle market is in a period of continuous rise.

In October, the wholesale sales of new energy narrow passenger cars totaled 119,700 units, an increase of 85% from 65,000 units in October of 17 years, a record high.  

In October, pure electricity and plug-in performance were strong; sales of new energy passenger vehicles reached 726,000 units in January-October, nearly double the year-on-year growth.

From January to September 2018, the global sales of new energy passenger vehicles reached 1.25 million units, a year-on-year growth rate of 57%.

China's new energy passenger vehicles (including imports) in the 18-year period from January to September, the total sales reached 625,000 units, an increase of 60%, accounting for more than 50% of the world's share.

New energy vehicles: 19 years of ushered in a major outbreak.

For new energy vehicles, this year's bull market is just the beginning.

As the subsidy policy will be completely abolished in 2020, the peak sales period of new energy vehicles will be ushered in at the end of 2019.

On the other hand, compared with last year, the new energy vehicle models launched this year have made significant breakthroughs in terms of safety level and cruising range.  

This has caused some car owners to delay, intending to buy a more affordable model based on high performance.

For this part of the pursuit of cost-effective car owners, the end of 19 will be the last and most suitable car peak period.  

The 2020 cancellation of subsidies will become the PK year for traditional cars and new energy vehicles.

It is foreseeable that the improvement in the mileage, safety performance and cost performance of new energy vehicles in the next two years will become the key to competing with traditional vehicles.

Source: New energy vehicle business