The sales of imported cars last year were significantly better than domestic cars, but the situation has reversed this year. The reporter learned from the China Imported Automobile Trade Center last week that in the first five months of this year, customs had imported 489,600 vehicles, which was a year-on-year increase of 27.6%, a decrease from the 30% increase last year. The problem of increasing stocks and falling prices has become increasingly severe. In May, the national inventory ratio of imported cars reached an alert level of 2.7, and 82.6% of imported car dealerships were too high, which is 50 percentage points higher than domestic cars.
According to statistics from China Import & Export Corporation, although the year-on-year increase in the number of imported cars in the year was much higher than the growth in domestic cars, the price is that the industry's high inventory and terminal prices are greatly reduced, and dealer confidence is greatly affected. According to data from the Asian Games Village Auto Market, Beijing imported 4,300 vehicles in June, a 8.5% drop from the previous month, while sales of imported cars in Beijing during the first half of the year were 26,400, a year-on-year increase of 38% below the overall level of the new car.
At the same time, imported auto market inventories increased faster than sales growth. In Beijing, 82.6% of imported auto dealers had high inventory, among which dealers who had more than 30 days inventory increased from 30% at the beginning of the year to 43.48% in June.
Sun Yong, deputy general manager of China Import & Export Automobile Trading Co., Ltd. believes that the changes in the economy and market factors have caused the imported car market to reverse the tight sales situation and Li & Fung situation last year. In the first half of the year, the luxury car market is facing greater turbulence and the operating risks have intensified. The imported auto market has entered a depth. During the adjustment period, multinational car companies are over-optimistic to the market, resulting in faster supply than increased demand, excessive expansion of channels, and vicious competition, making dealers face reshuffle risks.
For the Beijing market, more than 50% of imported cars are sold in other places. This year, due to the decrease in the demand for personalized cars in resource-based cities in Inner Mongolia, Shanxi, and other provinces, Beijing-based large-displacement luxury cars with 3.0L and above are sold. Monthly sales decreased by 4.3% year-on-year.
China Import & Export Forecasts that the sales volume of imported cars in China will exceed 1 million vehicles this year, and the growth rate will remain at around 20%. However, the structure will be further adjusted. The market share of SUV will rise, the displacement will continue to move downward, and cross models will enter the market. Cultivation period.
According to statistics from China Import & Export Corporation, although the year-on-year increase in the number of imported cars in the year was much higher than the growth in domestic cars, the price is that the industry's high inventory and terminal prices are greatly reduced, and dealer confidence is greatly affected. According to data from the Asian Games Village Auto Market, Beijing imported 4,300 vehicles in June, a 8.5% drop from the previous month, while sales of imported cars in Beijing during the first half of the year were 26,400, a year-on-year increase of 38% below the overall level of the new car.
At the same time, imported auto market inventories increased faster than sales growth. In Beijing, 82.6% of imported auto dealers had high inventory, among which dealers who had more than 30 days inventory increased from 30% at the beginning of the year to 43.48% in June.
Sun Yong, deputy general manager of China Import & Export Automobile Trading Co., Ltd. believes that the changes in the economy and market factors have caused the imported car market to reverse the tight sales situation and Li & Fung situation last year. In the first half of the year, the luxury car market is facing greater turbulence and the operating risks have intensified. The imported auto market has entered a depth. During the adjustment period, multinational car companies are over-optimistic to the market, resulting in faster supply than increased demand, excessive expansion of channels, and vicious competition, making dealers face reshuffle risks.
For the Beijing market, more than 50% of imported cars are sold in other places. This year, due to the decrease in the demand for personalized cars in resource-based cities in Inner Mongolia, Shanxi, and other provinces, Beijing-based large-displacement luxury cars with 3.0L and above are sold. Monthly sales decreased by 4.3% year-on-year.
China Import & Export Forecasts that the sales volume of imported cars in China will exceed 1 million vehicles this year, and the growth rate will remain at around 20%. However, the structure will be further adjusted. The market share of SUV will rise, the displacement will continue to move downward, and cross models will enter the market. Cultivation period.
Hubei Daxin Electronic Technology Co., LTD , https://www.hkdaxinrubber.com