China's auto market growth presents seven characteristics


According to the latest statistics and analysis, in the first half of the year, both the production and sales volume of China's auto market exceeded 10 million, an increase of 12.8% and 12.3% year-on-year respectively, which is higher than the auto industry association’s forecast at the beginning of the year and presented seven distinct characteristics.

Chen Shihua, director of the Information Department of the China Association of Automobile Manufacturers, said that first of all, the automobile industry has a very obvious role in driving the national economy. The automobile industry is a very large industrial category in China. The proportion of the entire automobile industry in the GDP of the national economy has reached about 3%. The increase in automobile production and sales has a very significant impact on the national economy. In the first half of this year, China’s auto production was 10.757 million units, an increase of 12.8% year-on-year, and sales volume was 10.782 million units, an increase of 12.3% year-on-year. In the first half of the year, China's GDP growth rate was 7.6%, and the industrial growth above the scale was 9.3%. The growth rate of industry is generally higher than that of GDP, while the proportion of the automotive industry is 11.7%. In the major industries, the automobile industry ranks second.

Second, passenger cars have boosted the overall growth of the auto industry. In the first half of this year, passenger car production increased by 14%, and sales increased by 13.8%. In terms of models, the overall growth rate of cars is not high, but the growth rate is relatively large. In addition, the SUV is a relatively fast-growing model in recent years, which is also a feature of the upgrading of China's auto consumption structure.

Third, the market share of Japanese brand passenger cars has recovered. Since the tense situation on Diaoyu Island in September last year, the market share of the entire Japanese car market has been greatly affected. The lowest one-month Japanese brand passenger cars accounted for less than 8% of the market share. With the impact of the situation on the auto market getting lower and lower, domestic demand for Japanese cars has recovered.

Fourth, the export volume of automobiles was lower than the same period of last year. Exports are expected to be more optimistic at the beginning of the year, because the first two years were growth of more than 20%, but it dropped by 0.6% in the first half of this year.

Fifth, the top five companies in production and sales volume have sold more than 1 million vehicles in half a year. The top five sales companies are SAIC, Dongfeng, FAW, Chang'an, and Beiqi. The total sales volume of these five companies is close to 8 million, of which the largest sales volume is 2.55 million for SAIC, and Beiqi has just completed 1 million. Among the top five companies, Dongfeng and FAW should say that the growth is not particularly high, because the proportion of Japanese car brands is relatively large, which directly affects the growth of the group's production and sales scale. SAIC is growing at a faster rate. Beiqi and Changan should also be able to say it.

Sixth, energy-saving and new energy vehicles have a faster growth in production and sales. At present, energy conservation and new energy vehicle countries attach great importance, but the overall market sales are not good. The new energy vehicles now sell mainly taxis, sprinklers, and vehicles similar to those used in urban areas. There are few new energy vehicles purchased privately. Therefore, the amount of energy-saving and new energy vehicles completed in the first half of the year is not particularly good, but its growth rate is still relatively high. The sales of hybrid and natural gas vehicles are also good. Natural gas vehicles produced more than 40,000 vehicles in the first half of the year and sales of more than 40,000 vehicles. There is still much room for development of this model.

Seventh, the economic efficiency of enterprises keeps pace with production and sales growth. From the first half of the year, the growth rate of vehicle production and sales exceeded 12%. In terms of economic efficiency, it should be said that it has reached more than 10%. From the data, the automotive industry is still in a stage of healthy development throughout the first half of the year.

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