Beichen Asia Market: Analysis of Beijing Automobile Market in May 2023

New car transactions

In May , Beijing's new car transactions totaled 49,900 units, a month-on-month decrease of 15.13% , 25.43 percentage points lower than the national average; a year-on-year increase of 94.82% , 66.92 percentage points higher than the national average.

From January to May , Beijing sold a total of 230,400 new cars , up 15.08% from 200,200 last year, 3.98 percentage points higher than the national average .

In May, the sales volume of imported cars in Beijing accounted for 6.77% of the total new car transactions in Beijing, with the market share increasing by 0.15 percentage points month-on-month and 0.32 percentage points year-on-year.

New Energy Vehicle Sales

In May , Beijing's new energy vehicle transactions totaled 19,000 , down 10% from the previous month and up 76.69% from the previous year, accounting for 38.17% of the total new vehicle transactions . Pure electric vehicles sold 10,700 units, accounting for 56.39% of new energy vehicle sales . Domestic new energy vehicles sold 18,700 units, accounting for 98% of new energy vehicle sales .

From January to May , a total of 84,000 new energy vehicles were traded in Beijing , a year-on-year increase of 44.44% , accounting for 36.49% of the total new car transactions .