In 2023, "volume" has almost run through the entire year of China's passenger car market. From Tesla's price reduction at the beginning of the year, setting off a wave of price cuts in the new energy market, to Dongfeng Citroen and Dongfeng Peugeot's slogan of 90,000 yuan price reduction, completely This stirred up the traditional car market, and by the end of the year, almost most car companies had participated in this wave of price cuts.
In addition to price, China's auto market is involved in almost every aspect, including smart driving, smart configuration, exports, marketing channels, etc.
Because of the volume, China's passenger car market has created multiple historical highs in independent market share, exports, new energy, etc. Among them, the market sales of self-owned brand passenger cars in 2023 will be 14.596 million units, a year-on-year increase of 24.1%, and the market share will increase by 6.1 percentage points year-on-year to 56%, exceeding 50% for the first time.
Gasgoo Automotive Research Institute predicts that the market share of domestic passenger car brands will reach 62% in 2024 and more than 70% in 2030.
In 2024, China's passenger car market will continue to "roll". Gasgoo Automotive Research Institute said that due to some joint venture car companies still cutting prices, the superposition of electric vehicles relying on scale and volume to dilute fixed costs, and the decline in lithium prices, automotive products will still There is room for price reduction, and it is expected that the price war in 2023 will continue in 2024.
