Passenger car concept weakens in trading; institutions say the sector faces "domestic demand pressure, strong exports, and structural divergence"

Industry
โดย 21世纪经济·Read original
Summary · why it matters

On July 13, the passenger car concept fell 2.95% during the session. Seres dropped 6.89%, GAC Group fell 4.24%, BYD declined 2.54%, BAIC BluePark lost 1.86%, and Changan Automobile slipped 1.83%. According to data from the China Passenger Car Association, retail sales of passenger cars nationwide reached 169,000 units from July 1 to 5, down 15% year-on-year. New energy vehicle retail sales totaled 103,000 units, down 9% year-on-year, with a new energy penetration rate of 60.5%. A research note from GF Securities pointed out that the passenger car industry in 2026 is characterized by "domestic demand pressure, strong exports, and structural divergence." From January to May, domestic terminal sales fell 18.22% year-on-year, while exports over the same period surged 70.0% year-on-year. Among these, pure electric and plug-in hybrid exports grew 94.0% and 148.7% respectively. The full-year export growth forecast has been raised to 40% to 45%. Structurally, sales in the sub-100,000 yuan market plunged 34.5%, while the premium market above 400,000 yuan achieved a positive growth of 1.4%. The "5326" SUV segment saw sales buck the trend with a 56.9% increase, and its new energy penetration rate reached 94.5%.

Impact on stocks 5

Others▼ · 5 stocks
Chongqing Sokon Ind Grp Co
601127
▼ NegativeDemandrelevance

Seres dropped 6.89%, leading the decline, as passenger car retail sales fell 15% YoY and new energy vehicle sales dropped 9% YoY.

BYD Co Ltd Class A
002594
▼ NegativeDemandrelevance

BYD declined 2.54% as new energy vehicle retail sales dropped 9% YoY, despite high penetration rate, indicating demand pressure.

Baic Bluepark New Energy Technology
600733
▼ NegativeDemandrelevance

Passenger car concept fell 2.95%, BAIC BluePark lost 1.86%, and industry data shows retail sales down 15% YoY, indicating weak domestic demand.

Theme Impact 2

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