According to the latest statistics released by China Automobile Industry Association on the 18th, the added value of China’s automobile manufacturing industry decreased by 1.0% year-on-year in March 2022. In the first quarter, the industrial added value of China’s automobile manufacturing industry increased by 4.0% year-on-year, 2.5 percentage points lower than that of Industrial Enterprises above Designated Size in the same period.
In March 2022, China’s auto retail sales decreased year-on-year. In the same month, 367.3 billion yuan (RMB, the same below), a year-on-year decrease of 7.5%, 4 percentage points higher than the total retail sales of consumer goods in the same period, accounting for 10.7% of the total retail sales of consumer goods in the whole society.
In the first quarter, China’s auto retail sales reached 1073.9 billion yuan, a year-on-year decrease of 0.3%, ending the growth trend of last month, accounting for 9.9% of the total retail sales of consumer goods in the whole society.
In addition, in the first quarter of 2022, the fixed asset investment in China’s automobile manufacturing industry increased by 12.4% year-on-year. Compared with January February, the growth rate increased by 1.1 percentage points year-on-year, 3.1 percentage points higher than the national fixed asset investment in the same period.
Industry experts said that China’s automobile industry is accelerating the transformation from traditional industry to digitization and intelligence. China’s automobile manufacturing industry will move from traditional manufacturing to mass customization. Some new automobile factories with intelligent manufacturing capacity will realize networked and distributed production, and the overall pattern of the automobile industry will be reshaped in 2022.
