In 2016, the retail sales of China's auto market continued to improve. In the first five months, the total retail sales of Chinese autos totaled 9.816 million units, an increase of 8.4% year-on-year.
China Automotive Technology and Research Center revealed on the 16th that in May 2016, the total retail sales of China's autos was 1.937 million units, up 15.4% year-on-year; the passenger vehicle market retailed 1.692 million units, up 15.6% year-on-year and 9.9% quarter-on-quarter.
The analysis of the center pointed out that there are four main reasons for the improvement of the passenger car market.
The first is that the economy is generally stable and stable, mainly in the overall stability of industrial added value above designated size, total retail sales of social consumer goods, employment, and prices.
Secondly, the sales volume in the same period last year was affected by factors such as economic downturn and stock market diversion, which led to a low base. In May 2015, the retail sales of passenger vehicles was only 1.464 million, a negative growth of 0.1% year-on-year.
Third, the passenger car market is about to enter the traditional sales off-season, market demand is weak, coupled with the second quarter assessment pressure, price cuts stimulate demand to become the main theme, according to the China Automotive Technology and Research Center data resource center terminal price monitoring, passenger car transactions in May The price fell by 0.5% year-on-year.
Finally, the small-displacement vehicle purchase tax policy continues to play a catalytic role.
At the same time, driven by the start of a large number of infrastructure projects and the recovery of the real estate market, China's commercial vehicle market retailed 244,000 units in May, an increase of 14.4% year-on-year.
In China's passenger car regional market, Tianjin's cumulative growth rate ranks first in the country. It is worth noting that China's imported passenger car market performed poorly in May, down 10.2% year-on-year.
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