The car market generally declined in the first quarter, and continued to be under pressure in the second quarter due to the weakened epidemic situation and consumption

The national passenger car market will be affected by the consumption downturn in 2022. In the first quarter, the total retail sales of the national passenger car market will be 4.915 million, a year-on-year decrease of 4.5%, and the overall trend will be lower than expected. After the outbreak of the world's COVID-19, the impact of environmental changes brought by the epidemic on the groups with and without cars was significantly different. The anti risk ability of different groups was reflected behind the consumption classification. The sales of traditional fuel vehicles were 3.85 million, down 18% year on year, and the domestic retail sales of new energy vehicles were 1.07 million, up 145% year on year, forming a "K" trend of sales of traditional fuel vehicles and new energy vehicles.
Looking forward to the national passenger car market in the second quarter, we will face a more complex and difficult environment, especially the automobile industry chain temporarily stands still due to the outbreak of the epidemic in Shanghai, with huge losses. The impact of the supply failure of secondary parts will seriously affect the sales in the second quarter. It is expected that the industry will work together to effectively respond to the crisis, restore production and sales to the normal track at an early date, and ensure the positive growth of passenger car retail throughout the year.
From 2017 to the first half of 2021, the characteristics of passenger merchants differentiation are obvious. The passenger car market has been relatively weak, while the commercial vehicle market has been relatively strong. This is because the policy has promoted the strength of commercial vehicles, while the low consumption of traditional passenger vehicles has led to the sluggish demand for passenger vehicles. The policies in 2020 mainly support the truck market and the new energy vehicle market. In the early stage, there was no strong support policy for entry-level passenger vehicles.
In 2022, both passenger cars and commercial vehicles will face certain pressure. From January to March, the commercial vehicle market will decline by 32%, and the passenger vehicle market will grow by 11%. At present, the market trend shows that passenger vehicles have a stronger pull on the market.