The China Association of Automobile Manufacturers disclosed on May 17th that in April 2022, the industrial added value of China's automobile manufacturing industry will drop by 31.8% year-on-year, and the retail sales of automobiles will drop by more than 30% year-on-year.
The China Association of Automobile Manufacturers said that since April 2022, the domestic epidemic situation has generally shown a trend of multiple occurrences, the situation has become more severe and complex, the difficulties of market entities have increased, and the downward pressure on the economy has further increased. The industrial chain and supply chain of China's automobile industry have also experienced the most severe test in history. Some enterprises have stopped production and production, logistics and transportation have been greatly hindered, and production and supply capacity has declined.
In April 2022, the industrial added value of China's auto manufacturing industry fell by more than 30% year-on-year to 31.8%, a sharp increase from the previous month. From January to April, the industrial added value of the automobile manufacturing industry fell by 5.4% year-on-year, ending the growth trend in the first quarter.
In addition, due to the impact of the epidemic, consumption power and confidence have declined. In April 2022, the retail sales of automobiles fell sharply year on year. The completion of the month was less than 300 billion yuan (RMB, the same below), only 256.7 billion yuan, down 31.6% year-on-year, and the decline was 24.1 percentage points higher than the previous month, higher than the same period. The total retail sales of consumer goods in the whole society was 20.5 percentage points, accounting for 8.7% of the total retail sales of consumer goods in the whole society, significantly lower than the previous month.
From January to April 2022, the retail sales of automobiles in China will reach 1,333.5 billion yuan, a year-on-year decrease of 8.4%, an increase of 8.1 percentage points from January to March, accounting for 9.7% of the total retail sales of consumer goods in the whole society.
At the same time, from January to April 2022, the year-on-year growth rate of fixed asset investment in China's auto manufacturing industry slowed down slightly.
From January to April, the fixed asset investment in China's auto manufacturing industry increased by 10.4% year-on-year. Compared with January to March, the growth rate slowed down by 2 percentage points year-on-year, and was 3.6 percentage points higher than the national fixed asset investment during the same period.
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