Led growth in the first half passenger car market welcomed a rebound

Posted on 7/12/2016 3:26:30 PM

The beginning of the industry generally concerns on the automobile market growth this year is gradually faded. Half-yearly data China Association of Automobile Manufacturers released yesterday showed that from January to June, China's auto production and sales 12,892,200 and 12,829,800, an increase of 6.47% and 8.14%, respectively, an increase of 3.83 and 6.71 percentage points upgrade over the previous year.
Assistant Secretary General of China Association of Automobile Manufacturers Chen Shihua that the first half, China's auto sales showed steady growth, and the increase over the previous year has improved significantly. And although car sales in June fell slightly last month, but the year showed faster growth is expected in the second half will remain to enhance the situation.
Passenger-led growth
In industry analysts opinion, passenger car sales year on year growth continued higher than the overall car sales, is undoubtedly the key to this year's auto market growth driven.
Statistics show that in June passenger car sales were completed 1,772,000 and 1,784,000, the yield with the previous month, sales fell 0.5% last month; compared with the same period last year sales growth of 11.4% and 17.7%, respectively, year on year continues to grow, the overall growth rate is higher than the automobile 0.9 and 3.1 percentage points. January to June this year, passenger car sales 11,099,400 and 11,042,300, an increase of 7.32% and 9.23%. , Accounting for more than eighty percent of the overall production and sales.
It is noteworthy that, from various market segments, the passenger car market remains dependent on SUV "leg walking" situation. By the Federation statistics show that in the first half, SUV market grew 44.4%, total sales of 3.915 million, in the passenger car market share reached 35.4%. This is also reflected in the sales of car prices, which directly affect the performance SUV market of enterprises qualifying.
Due to its own brand this year focuses on the universal SUV market, the first half of its own brand passenger cars were sold 4.7345 million, an increase of 12.78%, growth has slowed down 1.79 percentage points over the previous year, accounting for 42.88% of total passenger car sales, share increased 1.35 percentage points over the previous year.
New energy vehicles can sell 700,000
China Automobile Industry Association has forecast this year at the beginning of the new energy vehicle sales will reach 700,000, but the latest statistics show that in the first half, China's new energy vehicle sales only achieve 170,000.
In this regard, Yao Jie, deputy secretary general of China Association of Automobile Manufacturers said he believes the new energy vehicles in the second half of the monthly output will continue to show double growth.
Data show that in June the new energy automobile production 45 000, 44 000 sales, an increase of 107.4% and 107.3%, respectively. All kinds of new energy vehicles basically achieved doubled.
"China Automobile Industry Association at the beginning of the proposed new energy vehicles approaching forecast full-year sales of 700,000, based on the characteristics and relevant national development planning new energy vehicles made in the first half, sales of new energy vehicles actual 170 000 vehicles, and therefore did not change the association currently expected full-year sales of new energy vehicles. "Yao Jie said.
In the fourth quarter will welcome climax
Different early and cautious growth of the automobile market, car prices also began to change. China Association of Automobile Manufacturers statistics show that the first half of this year, total production increased by 6.47 percent, the growth rate lagged behind the sales. Among them, the first half of the passenger total 10.623 million, lower than the same period sales of 30,000, a "pin is greater than the yield" situation.
Meanwhile, the state to 1.6 liters and below passenger car purchase offer customers a halved vehicle purchase tax preferential policies, no doubt to the automobile market has injected a shot in the arm. It is reported that halved the purchase tax policy from last year began October 1 to December 31, 2016 deadline. The role of this policy is obvious.
Deputy Secretary General of China Association of Automobile Manufacturers Ye Shengji think, according to past experience, the purchase tax by half if the scheduled end of the policy, the automobile market will set off a car spurt in the fourth quarter, many intend to buy low-emission cars early next year consumers will advance implementation plan to purchase, upgrade and ultimately drive sales data.

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