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China Automotive Association: 2011 Automobile Production And Sales Growth Will Slow Down

2011/1/12 10:06:00 52

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China Automotive Association Automobile Sales Volume 2011

"2011 China

Automobile production and sales volume

Growth will slow down. "

January 10th, China

Automobile Industry Association

Secretary general

Dong Yang

To the "finance and economics" reporter said.

Dong Yang believes that the reason for the slowdown is the abolition of preferential tax policies and the introduction of restriction policies in large and medium-sized cities such as Beijing.

In 2010, China's auto production and sales volume hit a new high in the world, thanks to the multiple effects of encouraging consumption policies, such as preferential purchase tax, replacement of old cars, car going to the countryside, energy saving and subsidized products.

According to the China Automotive association data, in 2010, 18 million 264 thousand and 700 and 18 million 61 thousand and 900 vehicles were produced and sold, up 32.44% and 32.37% compared to the same period last year, and became the world's largest auto producing and selling country.

As of December 2010, the top ten auto manufacturers were SAIC, Dongfeng, FAW, Changan, Beiqi, Guangzhou automobile, Chery, BYD, Huachen and Jianghuai.

SAIC has a sales volume of 3 million 558 thousand and 400, and Dongfeng, FAW and Changan have more than 2 million vehicles.

The ten auto companies sold 15 million 596 thousand and 100 vehicles in the first 12 months, accounting for 86% of the total vehicle sales.

As the preferential rate of purchase tax increased from 5% to 7.5% in 2010, the growth rate of motor vehicle sales in 2010 slowed down month by month, from 80% at the beginning of last year to 32%.

China Automotive Association predicts that the growth rate of China's auto production and marketing will be 10% to 15% in 2011.

Dong Yang believes that the development of China's auto industry is now growing at a reasonable rate of 10%-15% per year.

Dong Yang believes that the exit effect of Beijing's purchase restriction policy will result in the increase of vehicle cost.

This will have a lot of impact on the development of China's automobile industry.

"This will have a certain impact on the production and marketing of independent brand cars, but it can not predict how big the impact will be."

In 2010, a total of 6 million 273 thousand brands of passenger cars were sold, accounting for 45.60% of the total sales of passenger cars, representing a 1.30 percentage point increase over the previous year.

As for the slowdown in automobile production and sales growth in 2011, whether there will be excess capacity, Dong Yang predicts: "there will be no overcapacity problem this year, and the phenomenon of insufficient capacity of auto companies will be improved significantly last year."

In 2010, China exported 544 thousand and 900 vehicles, an increase of 63.94% over the same period last year.

As the international economy has not yet recovered to the financial crisis, auto exports have not returned to pre crisis levels.

China Automotive Association expects exports in 2011 will be better than 2010, and there has been a marked increase.