China's auto industry bids farewell to high-speed arrogance of domestic car sales is expected to grow this year

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According to statistics from the China Association of Automobile Manufacturers, in the first nine months of this year, the cumulative production and sales of domestically produced cars (including exports) was 13,460,200 units and 13,635,500 units, an increase of 2.75% and 3.62% respectively year-on-year. The data shows that although the auto market in China has slowed down this year, it still maintains a slight increase.

For the year-round auto market situation, some people think that there will be negative growth. However, experts generally believe that from the first three quarters of automobile production and sales trends, the annual sales of automobiles are expected to reach about 18.6 million vehicles, an increase of more than 3% over the previous year.

China's auto industry bid farewell to high-speed mania Since China joined the World Trade Organization at the end of 2001, with the opening up of the auto market, China's auto industry has entered a major turning point. In 2001, only 2 million cars were produced and sold in China, reaching 18 million by 2010, more than three times in 10 years, and creating a miracle of 24.2% per year. In the past 10 years, the rapid development of China's auto industry, the rapid expansion of car consumption, has become the world's largest automobile production and marketing country.

From this year onwards, with a series of incentives to encourage the phasing out of auto consumption, China's auto industry has begun to bid farewell to the era of high-speed hurricane and entered a stage of steady development. The growth rate will fall from the previous double digits to single digits.

Chen Jianguo, deputy director of the Industry Coordination Department of the National Development and Reform Commission, told reporters that China’s auto production and sales exceeded 18 million vehicles last year. With such a large base, we can maintain zero growth this year. This is already remarkable.

In the first nine months of the year, the domestic auto market was not bad. Under the influence of the negative impacts of the Japanese automakers' production cuts on Japanese cars, preferential policies, and monetary tightening during the first three months of this year, more than 13.46 million vehicles and 13.63 million vehicles were still able to be produced and sold in the first three quarters of this year. Is not easy.

This year's domestic auto market has a very prominent feature, that is, passenger vehicles to maintain growth, while commercial vehicles continue to grow negatively. According to statistics from the China Automotive Industry Association, sales of passenger cars increased by more than 6% in the first nine months of this year, while sales of commercial vehicles decreased by 7.37% and 4.79% respectively.

Passenger cars account for three quarters of the total automobile production and sales. In the first three quarters of this year, the sales of passenger cars were 10,537,800, an increase of 6.38% year-on-year. Among the four major passenger vehicle models, only cross-passenger passenger vehicles have seen negative growth. The increase of other models is higher than the average of the auto market. It should be said that the overall performance of the auto market is not bad.

In the first three quarters, European and American brands generally achieved double-digit growth. Affected by the earthquake in Japan, Japanese brands saw a smaller increase in the number of brands except Nissan, and the Mazda brand had a negative growth. The increase in self-owned brand cars is basically synchronized with the market.

Golden September's domestic auto market has excellent performance in gold, nine silver and ten, which is the traditional strong sales season in the domestic auto market. In September of this year, the domestic automobile production and sales performed well, and the growth rate of production and sales was more than 15%, of which the sales growth was faster than the output.

September car sales reached 1.6461 million, second only to 1,894,300 in January and 1,438,500 in March. Due to the rapid growth in December last year, many auto manufacturers moved some of their sales to January this year, so January's data is watery. Plane excluding January, 1.61 million sales in September was the second monthly high this year.

In September this year, domestic autos resumed rapid growth and it is likely to continue in October. However, due to the high base in the fourth quarter of last year, the average monthly sales must exceed 1.6 million vehicles in the last three months of this year, which is likely to be the same as last year's fourth quarter.

Last year, domestic sales of autos were 18.06 million. As long as sales in the fourth quarter reached 4.43 million, it will be the same as last year. If we achieve 4.9 million vehicles, we can achieve sales of 18.6 million vehicles in the year, an increase of 3% over the previous year.

Dong Yang, executive deputy chairman and secretary-general of the China Automobile Association, believes that in the recent years, the domestic auto market will have a carryover factor in the fourth quarter of each year, with sales higher than other quarters. From this point of view, it is possible to achieve a growth rate of more than 3% in the production and sales of automobiles this year.

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