Despite signs of a pick-up in the Chinese auto market in September, industry experts generally believe that the vitality of the auto industry remains weak. Recently, the monitoring results of China's auto industry climate index in the third quarter jointly published by the China Association of Automobile Manufacturers and the National Bureau of Statistics of China's Economic Prosperity Monitoring Center show that the automotive industry climate index continues to be in a downtrend, maintaining a low level of operation, and the auto industry is still in an adjustment phase. . The report shows that the third quarter of this year, the automotive industry climate index was 100.7 points, a slight decrease of 0.2 points compared with the previous quarter, this is the Chinese automotive industry climate index fell for 5 consecutive quarters, indicating that the auto industry's ability to grow autonomously weakened.
Car prices are cautious about the situation
Xiong Chuanlin, deputy secretary-general of the China Association of Automobile Manufacturers, said that during the remaining three months of this year, the total sales volume of Chinese cars is expected to decline slightly from the previous forecast of 5%. Previously, Li Weili, deputy director of the Industry Research Department of the National Information Center, also predicted that the annual domestic auto demand is expected to reach 19 million, an increase of 4% year-on-year.
Xiong Chuanlin believes that most car companies are still watching the current market situation more cautiously. Automakers began to focus on profitability in consideration of future business difficulties. In the indicators reflecting the production and operation of the automotive industry, the early warning index of the automotive industry has recovered slightly but is still operating in the lower part of the "green light zone." According to the financial reports of 25 automobile companies compiled by Gasgoo.com, the average operating income of automakers in the first half of the year decreased from 30.8% and 59.5% in 2009 and 2010 to 12.6%, and their net profit declined by 4.7% year-on-year.
Decline in dealer confidence
In the terminal car market, Yan Jinghui, deputy general manager of the Asian Games Village Automotive Trading Market (hereinafter referred to as "Asia City"), made a forecast of double-negative growth and year-on-year growth in October. In his view, when sales are poor, dealers have incentives to lower prices, but if demand does not keep up or demand slows, it will bring price wars.
According to a survey conducted by Asian cities, dealers' profit confidence has further weakened. An independent brand dealer told reporters that the store’s sales plan in September only completed about 80%, which is the best sales this year. After entering the market in October, the auto market was cold again, and sales fell rapidly.
Auto market return to normal
Data show that the overall growth of the automotive market this year has experienced an unprecedented decline, including the second quarter of the decline is particularly evident, an increase of only 3% year-on-year, the lowest level in nearly 10 years. Although this situation has improved in the third quarter, it does not mean that there has been rapid growth.
Xu Changming, director of the Information Resources Development Department of the National Information Center, believes that the ultra-high growth in 2010 is mainly due to policy encouragement and the release of rigid market demand, which is an abnormal growth. However, this year's decline cannot be attributed to the economy. The big reason for this is the encouragement of policy withdrawal.
In Xu Changming's view, although the auto market has slowed down this year, it does not mean that the domestic auto market has entered a downward channel, but it is a return to the normal state, and it will no longer appear in the stock market. Although the growth rate has declined, China is still the world’s largest automobile production and sales country.
Xiong Chuanlin also stated that on the basis of the high base of China's car production and sales growth last year, China's automobile production and sales continued to maintain a slight steady growth in the first three quarters, and it is expected that the overall situation in the fourth quarter will not change much.
Car prices are cautious about the situation
Xiong Chuanlin, deputy secretary-general of the China Association of Automobile Manufacturers, said that during the remaining three months of this year, the total sales volume of Chinese cars is expected to decline slightly from the previous forecast of 5%. Previously, Li Weili, deputy director of the Industry Research Department of the National Information Center, also predicted that the annual domestic auto demand is expected to reach 19 million, an increase of 4% year-on-year.
Xiong Chuanlin believes that most car companies are still watching the current market situation more cautiously. Automakers began to focus on profitability in consideration of future business difficulties. In the indicators reflecting the production and operation of the automotive industry, the early warning index of the automotive industry has recovered slightly but is still operating in the lower part of the "green light zone." According to the financial reports of 25 automobile companies compiled by Gasgoo.com, the average operating income of automakers in the first half of the year decreased from 30.8% and 59.5% in 2009 and 2010 to 12.6%, and their net profit declined by 4.7% year-on-year.
Decline in dealer confidence
In the terminal car market, Yan Jinghui, deputy general manager of the Asian Games Village Automotive Trading Market (hereinafter referred to as "Asia City"), made a forecast of double-negative growth and year-on-year growth in October. In his view, when sales are poor, dealers have incentives to lower prices, but if demand does not keep up or demand slows, it will bring price wars.
According to a survey conducted by Asian cities, dealers' profit confidence has further weakened. An independent brand dealer told reporters that the store’s sales plan in September only completed about 80%, which is the best sales this year. After entering the market in October, the auto market was cold again, and sales fell rapidly.
Auto market return to normal
Data show that the overall growth of the automotive market this year has experienced an unprecedented decline, including the second quarter of the decline is particularly evident, an increase of only 3% year-on-year, the lowest level in nearly 10 years. Although this situation has improved in the third quarter, it does not mean that there has been rapid growth.
Xu Changming, director of the Information Resources Development Department of the National Information Center, believes that the ultra-high growth in 2010 is mainly due to policy encouragement and the release of rigid market demand, which is an abnormal growth. However, this year's decline cannot be attributed to the economy. The big reason for this is the encouragement of policy withdrawal.
In Xu Changming's view, although the auto market has slowed down this year, it does not mean that the domestic auto market has entered a downward channel, but it is a return to the normal state, and it will no longer appear in the stock market. Although the growth rate has declined, China is still the world’s largest automobile production and sales country.
Xiong Chuanlin also stated that on the basis of the high base of China's car production and sales growth last year, China's automobile production and sales continued to maintain a slight steady growth in the first three quarters, and it is expected that the overall situation in the fourth quarter will not change much.
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