China News Service, January 3rd. On the 3rd, the China Automobile Dealers Association released the latest "Automobile Consumption Index". According to the survey, the automobile consumption index in December 2022 was 60.9, which was lower than the previous month; optimistic about car sales.
The China Automobile Dealers Association stated that some experts predict that January 2023 will usher in the peak period of new crown infection, which makes the passenger flow of car purchases at the end of the year not reach the expected growth, and the passenger flow in January is also difficult to peak.
Moreover, factors such as the Spring Festival holiday in January and consumers going home for the New Year further affected the growth of passenger flow.
In addition, since the car purchase tax reduction policy ends at the end of December, and the new promotional policy has not yet been introduced, some customers will rush to buy cars before the end of the purchase tax reduction policy, which also overdraws the demand for car purchases in January.
On the whole, car sales in January will decline, and the market performance will not be as good as expected.
What will happen to car sales in 2023?
According to the China Automobile Dealers Association, after this survey, most dealers are optimistic about the car sales in 2023. dealers believe that the sales volume will be the same as last year, and very few dealers believe that the sales volume will decline.
But at the same time, dealers also believe that in the first quarter of 2023, because the epidemic prevention and control has just been released, the epidemic is at the peak of infection, and factors such as the impact of the Spring Festival holiday in January and February are not conducive to the increase in car sales.
Coupled with the withdrawal of the car promotion policy and other reasons, it is expected that the sales pressure in the first quarter will still be relatively high.
(China New Finance and Economics)