China Automobile Dealers Association: China's imported automobile market situation in April 2022

1. Supply

2. Demand

As supply was less than demand in 2019-20, the inventory depth of the entire imported automobile industry showed a significant decline. In 2021, supply and demand were basically balanced, but sales declined. In April 2022, the inventory depth rose sharply to 4.8 months, a record high.

The unit price of imported automobiles has increased year by year. From 2015 to 2022, the unit price of imported automobiles has increased from 252,100 yuan to 401,200 yuan, breaking the 400,000 yuan mark for the first time. One is the trend of consumption upgrading, and the other is the trend of localization of low-priced products. The 30% exchange rate has depreciated recently.

Affected by the epidemic, the overall imported car market has declined sharply, with super luxury cars, luxury cars and non-luxury cars all falling by about 50% year-on-year, reflecting the overall impact of the epidemic prevention and lockdown on the car market. From January to April, luxury cars accounted for more than 90%.

VI. Vehicle Structure

7. Displacement down

8. Sales of imported new energy vehicles fluctuate