Cui Dongshu of the Passenger Car Association: Automobile industry profit in July was 40.7 billion yuan, with new energy vehicles experiencing high growth but huge losses

According to news from this site on August 28, Cui Dongshu, Secretary-General of the Passenger Car Association, published an article on his personal public account yesterday evening analyzing the profit margins of the automobile industry as of July this year. The data compiled by this site are as follows: from January to July 2023, the automobile industry revenue was 5,314.8 billion yuan, a year-on-year increase of 12%; the cost was 4,637.8 billion yuan, an increase of 12%; the profit was 258.3 billion yuan, a year-on-year increase of 1%; the automobileindustry profit The rate is 4.9%. In July 2023, the production volume of automobile was 821.7 billion yuan, an increase of 5%; the cost was 714.9 billion yuan, an increase of 6%; the profit was 40.7 billion yuan, a year-on-year decrease of 30%; the automobileindustry profit margin was 5.0%. Cui Dongshu pointed out that the automobileindustry is still relatively low compared to the average profit rate of 5.4% for the entire industrial enterprise. In addition, the automobileindustry has good production and sales under a high base. Fuel vehicles can achieve profitability but shrink quickly. New energy vehicles have high growth but large losses, creating greater conflict pressure.

▲Image source public account Cui Dongshu In addition, in the first half of the year, due to the implementation of the "world's most stringent" National VIB standards, it also brought certain challenges to the production of car companies, so they took measures to reduce production and inventory, bringing an improvement in overall profits. Larger losses.

Source Pexels According to data previously released by the Passenger Car Association, my country’s passenger car market retail sales reached 1.775 units in July, a year-on-year decrease of 2.3% and a month-on-month decrease of 6.3%; wholesale sales reached 73.7 million units, a year-on-year increase of 30.7%. The Passenger Transport Association pointed out that July retail sales reached a record high for the second time in history, and the trend was extremely strong. Since the beginning of this year, the passenger car market has accumulated retail sales of 11.299 units, a year-on-year increase of 1.9%. With reference to the automotive industry revenue increase of 5%profit decrease of 30%profit margin in July 20235%Advertising statement: External jump links contained in the article (including but not limited to hyperlinks, QR codes, passwords, etc.) ), used to convey more information and save selection time. The results are for reference only. All articles on this site contain this statement.

The above is the detailed content of Cui Dongshu of the Passenger Car Association: Automobile industry profit in July was 40.7 billion yuan, with new energy vehicles experiencing high growth but huge losses. For more information, please follow other related articles on the PHP Chinese website!