According to the May passenger car retail sales rankings released by Dongchedi, the top ten models are all new energy vehicles. Ranking first is the mini electric car Xingyuan, with monthly sales of 38,751 units; Tesla Model Y ranks second with 28,911 units; Xiaomi SU7, Leapmoon A10, and Lideal i6 rank third to fifth respectively. In the top ten list, pure electric vehicles, extended range vehicles, and plug-in hybrid vehicles each have their place, but fuel vehicles are missing.
In April a month ago, the Geely Binyue was the only fuel vehicle in the top ten list; in March, there were 5 fuel vehicles shortlisted; in January this year, the number was 7. It only took less than half a year to go from occupying most of the country to completely returning to zero.
Judging from the top 20 sales in May, fuel vehicles currently occupy 4 seats. Among them, Geely Boyue ranked first among fuel vehicles with 13,395 units, ranking 17th overall. The monthly sales of the other three models, Lavida, Sylphy and Binyue, currently still exceed 10,000 units.
Cui Dongshu, secretary-general of the China Passenger Car Association, pointed out that in May, "fuel coldness and new energy hotness" became the biggest focus in the auto market. The domestic new energy retail penetration rate exceeded 60%, reaching 62.9% (a record high), and the speed of electrification replacement exceeded expectations.
According to the latest data released by the Passenger Car Association on June 8, the national passenger car market retailed 1.510 million units in May, a year-on-year decrease of 22.1%, and a month-on-month increase of 9.2%. Since the beginning of this year, a total of 7.099 million units have been sold, a year-on-year decrease of 19.5%. In May this year, the retail sales of fuel vehicles fell by 39% year-on-year, of which independent sales fell by 39%, mainstream joint ventures fell by 41%, and luxury vehicles fell by 31%, all of which were severely impacted by high oil prices.
Cui Dongshu said that the core reason for the decline in the domestic auto market is the sharp decline in sales of fuel vehicles under the impact of high oil prices. In May, the share of fuel vehicles was 37.1%, but the year-on-year reduction accounted for 82% of the total reduction in passenger cars, dragging down the market trend.
He also pointed out that the geopolitical situation has driven international oil prices to high levels and the cost of domestic fuel vehicles has continued to rise. This has not only directly suppressed the willingness to purchase fuel vehicles, but also increased residents' expenditure pressure and further weakened the overall car purchasing power. These are the core factors restricting the substantial year-on-year growth of the auto market.