Trends under pressure, January 2019 Auto Market and Corporate Analysis

Affected by the weak car market in 2018, the trend of the car market and enterprises was under pressure in January 1919. In particular, the wholesale of passenger car market was weak, but the market retail was relatively stable. Commercial vehicles are doing better stimulated by the better performance of the new energy market. 1. Relative Growth of the Automobile Market in 2019 The total sales volume of automobiles in 2018 was 28.0389 million units, with a cumulative growth rate of-3.1%; In January 1919, the total sales volume of automobiles was 2.3652 million units, up-15.8% year-on-year and-11.1% month-on-month. Wholesale growth of-3% from January to December was weaker than in recent years, and wholesale growth of-16% in January appeared to be in poor condition, but retail sales improved and future pressure gradually eased. 2. Growth pressures on the auto market increased in 2019, with sales of 28.07 million vehicles in 2018, down-3% year-on-year. The 2018 full-year performance was also weaker than in previous years of the century, with a 18-year decline that exceeded expectations. Wholesale sales growth of-16% for manufacturers in January 2019 was historically low, and future manufacturers are expected to improve their sales volumes, so growth for the full year is still forecast to be zero growth. In March, January to December, the performance of the main auto enterprise groups was good. The 19-year trend of the auto market was not strong, and the trend of each group was differentiated because of the differentiated market demand of the advantageous sectors. State-owned large group performance is not strong, SAIC, FAW, Dongfeng, BAIC performance is under pressure. Private autonomy performed well, Chery and Geely still performed relatively well, while BYD and the Great Wall, Brilliance is also relatively strong performance. Figure 8 Monthly Sales Trends of Automobile Companies Compared with the 18-year production performance of the main manufacturers, FAW-Volkswagen performed relatively well, while GM performed more steadily year-on-year. The growth was particularly pronounced for Geely, while Beijing Hyundai and SAIC-GM-Wuling retailed well. 19 years of main manufacturers overall pressure. In January, the top 10 auto companies from the perspective of the Group, including six major groups, accounted for eight seats, which was consistent with that of the previous month. The auto companies were obviously divided into three by SAIC, two by Dongfeng, one by FAW and one by Guangzhou Automobile. The Great Wall is in 6th place and Geely is back in 5th place. SAIC three are the main enterprises, and the performance of SAIC passenger cars is stronger,; Dongfeng Dongfeng Nissan and Dongfeng automobile two, FAW has Volkswagen, changan main force is changan automobile; BAIC has Beijing Hyundai this month. Geely, an independent carmaker, has been more stable this month. Domestic-funded enterprises have Dongfeng Motor, Changan, Great Wall, Geely Automobile into the top 10. 4. Trend of Production and Marketing of Narrow-Sense Passenger Vehicle Enterprises 23.212 million sets of narrow-sense passenger vehicles will be sold in 2018, with a cumulative growth rate of-4.1%; Sales of narrow passenger cars in January 1919 totaled 2.0192 million units, up-16.6% year-on-year and-7.6% month-on-month. Passenger car manufacturers become the main three camps, the first three in the average monthly 180,000, the average monthly level in the middle of 120,000, behind in the monthly sales of 70,000 or so. From October to December, the Great Wall has a strong trend. Geely had a strong January production trend. In 2018, the sales volume of cars reached 11.5455 million sets, with a cumulative growth rate of-2.6%; 1.0019 million units were sold in January 19, up year-on-year- 13.6 percent, a month-on-month increase of-2.4 percent. The main car makers are the top three joint ventures, with Shanghai Volkswagen pulling up this month. Nissan and Geely are also strong. Geely, in particular, has maintained a healthy level of sales. GAC Ben Toyota's sedans are also strong. In 2018, the sales volume of MPV was 1.7157 million sets, with a cumulative growth rate of-17.7%; Sales in January of 19 totaled 127,400 units, up-26.8% year-on-year and-25.5% month-on-month. GMAC-SAIC Wuling in the MPV market outshine others. GMAC-SAIC's MPV remains the second strongest MPV. The MPV in Chang'an remains stable. Wuling, GM and BYD all sprinted downhill in January. In 2018, 9.9507 million SUVs were sold, representing a cumulative growth rate of-3.1%; Sales in January 1919 totaled 889,900 units, up-18.2% year-on-year and-9.9% month-on-month. The Great Wall SUV performed well at the end of the year and remained at a high level in January. Geely's SUVs are growing steadily, with December and January still looking flat at equilibrium. Changan also has a new breakthrough. The autonomous January growth was strong, and it is to be expected that autonomous SUVs will continue to grow at a high rate in the future. 5. Trend of Production and Marketing Classification of Micro-Vehicle Enterprises In 2018, the sales volume of micro-vehicles was 1.1182 million units, with a cumulative growth rate of-0.4%; Sales of minivans in January 1919 totaled 94,000 units, up 15.8 percent year-on-year and-19 percent month-on-month. In 2018, the sales volume of micro-guests was 458,200 units, with a cumulative growth rate of-16.2%; Sales volume in January of 19 was 34,500 units, up-3.3% year-on-year, month-on-month An increase of 26.3 percent. In 2018, 660,000 microcards were sold, representing a cumulative increase of 14.6%; January 19 sales of 59,500 units, an increase of 30.9% year-on-year, month-on-month growth of-14.1%. In December of 18 years, the easterly trend is very strong in Wuling, but in January, it is generally poor. Chang'an rebounded, Chery performed super-strong, other business trend pressure is still greater. 6. Trend of Production and Sales Classification of Light Truck Enterprises 3.2163 million sets of trucks will be sold in 2018, representing a cumulative increase of 3.8%; Truck sales in January 1919 were 277,400 units, up 1.8% year-on-year and-5.7% month-on-month. In 2018, the sales volume of light trucks was 1.8905 million sets, with a cumulative growth rate of 8.6%; Sales in January 1919 totaled 157,300 units, up 7.1% year-on-year and minus 20.3% month-on-month. Young card market sales trend is strong, from January to December, the overall growth of 12% performance is strong. . This was against the backdrop of high growth in micro-card upgraded light trucks, which began in December of 17, and has performed better in the past 18 years. But growth slowed in December because of the high base. The main manufacturers of light trucks in January, 1919 were obviously differentiated. Fukuda and Chang'an showed a strong trend, while Jiangling, Jianghuai, Heavy Duty Truck and Lifan, and Tang Jun's light trucks showed strong performance. Fukuda, the main auto maker, maintains a strong leading position. Jiangling's sales volume is stronger than the previous month. Changan light truck trend is very strong, from the micro-truck strong enterprise upgrade to light truck second strong enterprise. 7. Trend of Production and Sales Classification of Medium and Heavy Truck Enterprises In 2018, the sales volume of medium and heavy trucks reached 1.3257 million units, up by an accumulative amount. Speed-2.4%; Sales in January 1919 totaled 120,100 units, up-4.3% year-on-year and 24% month-on-month. In the first half of 18, the upstream investment boom picked up, the demand for heavy trucks and tractors increased, and the structure of heavy trucks strengthened. In the second half of the year, the trend of heavy trucks fell back, and the truck market, which was under increasing economic pressure, gradually weakened. January 19, the main trend of differentiation, FAW January 19 trend super-strong, heavy truck trend more stable. 8. Sales Trend of Light Passenger Car Enterprises Sales volume of passenger cars in 2018 will be 491,100 sets, with a cumulative growth rate of-6%; Sales of passenger cars in January 1919 totaled 33,200 units, up-5.8% year-on-year and-48.8% month-on-month. In 2018, the sales volume of light passenger vehicles was 340,200 sets, with a cumulative growth rate of-2.4%; January 1919 sales of 21,700 units, a year-on-year increase of-18.4%, a month-on-month increase of-45.5%. The trend of light passenger enterprises is relatively stable, with little fluctuation in the near future. Due to the slow breakthrough speed of the light passenger new energy and the weak trend of the special purpose vehicle, the market pressure of the light passenger is still great. Light passenger enterprise production and marketing classification trend of the recent light passenger market continued to weaken steadily. In the past two years, Jiangling has had a very strong trend. Next is Fukuda and Chang'an trend is stronger. SAIC light passenger market performance is better, Iveco, SAIC Chase, Changan Automobile in recent months strong trend. The gold cup is moving steadily. 9. Sales Trend of Large and Medium-sized Bus Enterprises 151,000 sets of large and medium-sized passenger vehicles will be sold in 2018, with a cumulative growth rate of-13.2%; Sales in January 1919 totaled 11,500 units, up 32.7% year-on-year and month-on-month Long-53.9%. From January to May of 18th, the performance of large and medium-sized customers was strong, showing a high growth year-on-year, mainly due to the subsidy for new energy vehicles, but also a better catalog. The subsequent adjustment from June to October was also a more reasonable trend, with a sharp rebound in December. In January, passenger cars showed strong performance and the subsidy effect of robbery was obvious. The surge in new-energy vehicles at the beginning of the year also boosted large and medium-sized buses. Eighteen years of policy pressure has brought about structural growth, with BYD showing a strong trend in September, Yutong showing a strong performance in December, and Jinlong in Nanjing and Jinlong in Xiamen showing a strong trend in January.