Although China’s automobile market has “jumped†in the United States in January as the world’s largest auto market, the overall situation of the domestic auto industry shows that the situation is not very optimistic.
According to the latest data released by the China Association of Automobile Manufacturers, passenger cars, especially small-displacement passenger cars, rose significantly in January from December last year. However, the situation of commercial vehicles is still very severe, with output falling by nearly 40% year-on-year.
China Association of Automobile Manufacturers released on January 10 the overall domestic automobile market production and sales data show that the production and sales of commercial vehicles continued to drop, the output was only 132,000, sales of 125,100, a year-on-year decrease of 39.10% and 36.46%.
The data shows that among all commercial vehicle types, only the production of trucks shows a certain increase, passenger cars, semi-trailer tractors, etc. have all decreased significantly, among which the production and sales volume of semi-trailer tractors has fallen by 91.97% and 86.72% respectively year-on-year. Compared with January of last year, sales of FAW, JAC, and Dongfeng declined significantly.
"The improvement of the commercial vehicle market is expected to be fulfilled by the country's favorable policies, and we also look forward to the improvement of the macroeconomic environment." Zhu Yiping, Assistant Secretary General of the China Association of Automobile Manufacturers, told the "First Financial Daily".
According to Dong Yang, secretary-general of the China Association of Automobile Manufacturers, the national 4 trillion yuan economic pull policy will promote the development of commercial vehicles and is expected to pick up in the second quarter of this year.
“From the completion of the domestic automobile production and sales in January, the overall situation still continues the downturn since the second half of 2008. The total production and sales volume did not show much improvement compared to last December, but the inventory of auto companies was released and the market share of independent brands hit a new high. Zhu Yiping said.
From the data, in January, the market share of domestic self-owned brand cars quickly rose to 29.65%, surpassing Japanese and German-owned joint venture models, setting a new high in recent years. The reason for this is that Zhu Yiping believes that self-owned car products are mainly concentrated on low-emission products, which is definitely benefited from favorable policy factors. “But the competition in the auto market is fierce, and the market share of the auto brands is still to be observed. Zhu Yiping said.
Affected by policies, domestic independent brand auto companies Great Wall, Geely, Chery, etc. have raised their sales expectations this year. Judging from the sales volume of cars in January, the sales of Chery Auto's QQ and BYD's F3 exceeded the Japanese brands such as Corolla, Accord, and Camry, ranking third and sixth respectively. Jetta, Santana rankings are not a small decline.
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