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With 8,888,400 units, China's auto industry output reached another new height in 2007, and the double-digit rapid growth rate has been maintained for nine consecutive years and is expected to continue for a period of time in the future.
According to the statistics of China Association of Automobile Manufacturers, in 2007, China's automobile production was 8.882 million, an increase of 22.02% year-on-year, a net increase of 1.6227 million over the previous year; sales of 879.15 million, an increase of 21.84% year-on-year, and a net increase of 1.576 million vehicles over the previous year. In each month, the production and sales ratio of automobiles exceeded 90%, of which, the production and sales ratios in May, August, September and December all exceeded 100%.
This double-digit rapid growth has been continuously maintained for nine years on the basis of ever-increasing production and sales base. Since China’s auto sales exceeded 2 million units in 2000, its annual sales volume has jumped to a new million-class scale in 2002, 2003, 2004, 2006, and 2007. In 2007, sales volume was higher than in 2003. Some time.
Passenger cars have grown steadily, taking up a major share of car production and sales. In 2007, the production and sales of passenger cars reached 6,381,100 units and 6,927,500 units respectively, representing a year-on-year increase of 21.94% and 21.68%. Among them, the growth of cars and SUVs is the most prominent.
In 2007, the sales of basic passenger cars (passenger cars) exceeded 4.7 million, reaching 4.762 million, an increase of 23.46% year-on-year. Of which 26% of the sales come from its own brand cars. As of the end of 2007, the cumulative sales volume of self-owned brand cars exceeded 1.2 million, reaching 1,242,200 units, of which the top ten self-owned brands such as Xiali, QQ, Fumeilai, Qiyun, F3, Junjie, Freeship, A520, Benben and Geely King Kong Sales of 88.91 million vehicles accounted for 72% of total sales of self-owned brand cars.
The increase of 50.09% in sports utility vehicles (SUVs) has attracted widespread attention. The rapid growth rate of 28.41 percentage points higher than that of the passenger vehicle industry brought about 357,400 units of sales, of which 185,200 units of four-wheel drive SUVs were sold, a year-on-year increase of 51.32%, and 172,200 units of two-wheel drive SUVs were sold, up from the same period. Increased by 48.78%.
In the long run, the share of passenger cars has been increasing rapidly year by year, and the share of commercial vehicles has rapidly declined year after year. This is in line with the inevitable laws of the development of the automobile market after a country's automobiles enter the stage of household consumption. However, the commercial vehicle market showed a pick-up trend in 2007, with 2.5013 million vehicles and 2.494 million vehicles being sold and sold, a year-on-year increase of 22.21% and 22.25%; an increase of 6.96 and 8.02 percentage points over the same period of last year and an increase of 0.19% over the industry. And 0.41 percentage points.
According to Xu Changming, director of the Economic Information Center of the National Information Center, from January to November 2007, the export of automobiles was 544,000 vehicles, an increase of 74.4% year-on-year. It is expected that the annual export volume will reach 590,000 vehicles, an increase of 72.5%, and the auto exports will be close to five consecutive years. Doubled growth; from January to November 2007, the number of imported auto vehicles was 223,000, a year-on-year increase of 45.8%, and it was expected to reach 250,000 units in the year, which was the highest level of China's total vehicle imports, which was a year-on-year increase of 45.3%.
The growth of production and sales figures intuitively reflects the rapid development of China's auto industry. As of the end of 2007, most of the key enterprises in the industry maintained a steady growth. SAIC, FAW and Dongfeng also produced and sold more than one million cars, reaching 1.554 million vehicles, 1.436 million vehicles and 1,133,300 vehicles respectively, an increase of 25.11% and 23.19% year-on-year. % and 21.98%, market share reached 17.68%, 16.33% and 12.94%, respectively.
The data shows that the demand for automobiles in China is continuously expanding, and at the same time, the structural upgrade of automotive products is gradually realized. The domestic demand for cars, which is made up of the domestic sales of cars and the number of imported cars, is the main basis for reflecting the demand of a country’s auto market. According to statistics, China’s automobile domestic demand reached 7.63 million units from January to November in 2007, a year-on-year increase of 21.7%, and is expected to reach 8.49 million units in the year, an increase of 21.2%. This is the same as the automobile production and sales volume, which is also the basis for increasing base figures. It achieved double-digit growth for nine consecutive years. Xu Changming believes that China’s auto domestic demand will increase by 1.49 million units in 2007, accounting for 44% of the increase in global automobile demand. Nearly half of the global auto market growth will come from China.
After the private car has gradually become the main consumer of autos, the structure of auto consumption demand has been constantly adjusted and changed along with the economic development and the increase of the residents' income level. The sedan continues to establish its dominant position, but the small-displacement cars that were quite popular in 2002 and 2003 were relatively sluggish in 2007. The sedan with a displacement of less than 1.3 liters decreased by 7.8% from the same period of last year, and the sedan with a displacement of less than 1 litre was also the same Declined by 30.9%, market share fell by more than 3 percentage points. In stark contrast to this, the growth rate of passenger cars above 1.6 liters was very significant, with 1.6 liters to 2.0 liters increasing by 45.67% from the same period of last year, and 3.0 liters to 4.0 liters increasing by 4.5 times from the same period last year. The growth of the SUV market is a bright spot in the automotive market in 2007, an increase of 50.09% year-on-year, of which urban SUVs dominate the fast-growing market.
The change in consumer attitudes is not only reflected in the sales of new cars. The consumption changes in the used car market explain the upgrading of China's auto consumption demand from another angle. According to the statistics from the China Automobile Dealers Association, from January to November 2007, the cumulative trading volume of used cars was 2.247 million, the growth rate of second-hand car traffic was 4.38 percentage points higher than the growth of new car sales, and the transaction volume was 90.03 billion yuan, an increase of 51.9 percent year-on-year. %. Some experts predict that the volume of second-hand vehicles will be close to 3 million in 2007. In the most developed Beijing market for second-hand car transactions, Su Hui, general manager of Beijing Beichen Asian Games Village Auto Trading Market, introduced, the trading volume of new and used cars approaches 1:1. However, it is worth noting that 88% of the turnover of used cars in this city in 2007 accounted for 12% of vehicles transferred to other places, which is very different from the situation of nearly 50% each in previous years.
Although the demand for the used car market in China is only slightly higher than the ratio of new cars and used cars of 1:3 in developed countries, the demand for used cars in China is only just emerging. However, as the number of cars owned by less than 50 people in the Chinese market, used cars were in 2007. The various performances are still exciting. Luo Lei, deputy secretary-general of the China Automobile Dealers Association, said that the level of second-hand cars has been continuously increasing. Low-end models such as the "small face" and "212" have gradually faded from the mainstream models, and the share of high-end cars is on the rise. Second-hand car varieties The structure is constantly changing, and the proportion of passenger cars continues to increase. Family cars have occupied half of the used car market. Third, the age of cars has been shortened, the frequency of replacement of cars has accelerated, and 34.51 percent of new vehicles have been traded within three years. %, second-hand cars that used within the time range of 3 to 10 years account for 57.55% of the total volume of transactions, most used cars that have been circulated are within this limit, and old cars that have been used for more than 10 years account for only total transactions. The amount of 7.94%.
According to the prediction of China Association of Automobile Manufacturers, the output of automobiles in 2008 is expected to reach 10 million. The output of passenger cars was 7.3 million, and the output of commercial vehicles was 2.7 million. Among the variety of passenger cars, the production of cars is expected to reach 5.5 million.
In 2005, China's auto exports exceeded the import volume for the first time. Since 2006, China has surpassed Japan and has become the world's second-largest consumer market for new cars. And as early as a few years ago, China had become the third largest automobile producer in the world. This is a process that changes from quantity to qualitative change. The process of quantity change is irresistibly occurring. However, whether or not it can achieve the ultimate qualitative change requires calm guidance. The shortage of resources and the unreasonable consumption structure may all be factors that restrict the development of the auto industry.
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