AutoBeta(AutoBeta.net)02/13 Report--

At the beginning of 2020, a sudden COVID-19 epidemic paralyzed the upstream and downstream of the automobile industry, coupled with the Spring Festival holiday as the traditional off-season of the automobile market, the automobile industry was hit to varying degrees from upstream to downstream.

Up to now, a number of car companies, including JAC, Haima, Geely, Tesla, NIO and Xiaopeng, have announced that they will resume work on February 10, but due to the uncertainty of the epidemic, some car companies have also adjusted their resumption time to February 17, including Dongfeng Honda, FAW Toyota, brilliance BMW and other car companies.

Affected by the epidemic, China's auto parts suppliers are unable to supply parts normally, resulting in automakers being forced to stop production.

Hyundai Motor said on February 4 that it would suspend production at its seven car plants in South Korea because of the suspension of parts produced by Chinese suppliers, and plans to postpone production until February 17.

Toyota said on February 7th that it could not produce normally at its factories in China due to a shortage of spare parts, so it postponed the resumption of work at the Chinese plant until after the 17th.

Nissan announced on February 10th that it would temporarily suspend production at its manufacturing plant in Kyushu, Japan, due to disruptions in auto parts purchased from China.

In addition, Fiat Chrysler (FCA) also said that if Chinese parts suppliers do not resume work soon, one of its factories in Europe may be closed for 2-4 weeks

While parts manufacturers were forced to stop production and automakers extended their resumption of work, some auto companies also announced first-month sales, which, according to data, became the trend of the auto market in January.

Among the independent brands, a number of companies such as BAIC New Energy, BYD and Great Wall Motor declined to varying degrees in January. Among them, BAIC New Energy sold 2006 vehicles in January, down 55.54 percent from the same period last year; BYD sold 25173 vehicles in January, down 42.68 percent from the same period last year; Great Wall Motor sold 80261 vehicles in January, down 28.16 percent from the same period last year; Geely Motor sold 111800 vehicles in January, down 29 percent from the same period last year; JAC Motor sold 37300 vehicles in January, down 30.19 percent from the same period last year.

The performance of the new power of car-building is also not satisfactory, with the "domestic Tesla" of Lulai taking the lead in announcing delivery, with delivery of 1598 vehicles in January, down 11.47 per cent from the same period last year. Among them, the delivery volume of ES6 is 1493 and that of ES8 is 105.

Japanese brands can not escape the fate of declining sales. Toyota sold 145300 vehicles in China in January, down 1.2 per cent from a year earlier; Nissan sold 145300 vehicles in China in January, down 11.8 per cent from a year earlier; and Mazda sold 20900 vehicles in China in January, down 8.23 per cent from a year earlier.

In addition, according to a survey conducted by the China Automobile Circulation Association, affected by the epidemic and off-season, the inventory early warning index of car dealers in China in January was 62.7%, up 6.3% from the previous month and 6.5% from the same period last year.

In order to reduce the inventory pressure on dealers, a number of automakers have "untied" dealers. Volvo took the lead in announcing a number of dealer care policies on February 2, including no February sales target, direct staff subsidies to dealer employees, and special support for many business projects.

In addition to Volvo, Great Wall Motor, Dongfeng Motor, Guangzhou Automobile Toyota, Audi, Jaguar and other car companies have also "untied" dealers to reduce dealer inventory pressure.

The epidemic has led to increased inventory pressure on dealers, and the traditional way of buying cars offline has also been greatly affected. At present, a number of car companies try to sell cars on the waterline, to the maximum extent to meet the needs of consumers and the inventory pressure of dealers.

It is not difficult to see that due to the continuous influence of COVID-19 's epidemic situation, there has been a decline in varying degrees in the upper, middle and lower reaches of China's automobile industry. In the short term, it is still difficult for China's car enterprises and parts manufacturers to resume production. It is expected that the epidemic will have a significant impact on the annual performance of car companies. In addition, due to the advent of the traditional off-season, China's car sales will also decline to varying degrees in the first quarter.

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