AutoBeta(AutoBeta.net)02/25 Report--

As of February 18, the return rate of China's auto industry has exceeded 75%, according to the China Association of Central Futures Association. As of Feb. 24, the overall efficiency of returning to work in 4702 4S stores across the country was only 14.83 percent, according to the China Automobile Circulation Association.

With the weakening of the epidemic situation of COVID-19, the major automobile enterprises have resumed work one after another. According to rough statistics, SAIC-Volkswagen Anting plant, Yangzhou Yizheng plant and Changsha plant announced the resumption of work on February 24, as did Toyota plants in Guangzhou, Changchun and Chengdu. In addition, SAIC GM and other auto companies have announced the resumption of work mode, and the relevant parts manufacturers have also announced that they will resume work.

This is the third wave of resumption of work for automobile companies after February 10 and January 17. Prior to this, companies including FAW-Volkswagen, Geely, Great Wall, BYD, BMW and Mercedes-Benz announced their resumption of work on February 10 and 17.

It is worth noting that although a number of car companies have announced the resumption of work, it does not mean that the factory market has been restored. It is understood that most car companies are still in the cloud office, rotation system and other ways to minimize the flow of personnel and ensure the safety of employees. In addition, factories that resume work do not resume production, mostly in single shifts, and it will take a certain amount of time to return to double shifts or even three shifts.

Xu Haidong, assistant secretary general of the China Automobile Association, said that due to the restrictions of traffic factors, being isolated in his hometown, and being quarantined for 14 days when he arrived at the place of work, many enterprises were faced with a shortage of manpower, which directly led to the phenomenon that factory capacity could not be fully restored.

6068 employees from FAW-Volkswagen's South China base in Foshan returned to work in three batches and are expected to be on duty on the 26th. SAIC GM's three plants in Shanghai, Shenyang and Yantai resumed work on the 15th, but the plant in Wuhan is still suspended and will not be able to resume work until at least March 10.

Hubei Province is not only the hardest hit area of the epidemic, but also an important manufacturing center of domestic auto parts manufacturing. Hubei Province gathers Dongfeng Motor, Dongfeng Honda, Shenlong Automobile and other car companies. Weibaster, Bosch, Valeo and other parts manufacturers have also set up factories in Hubei. Affected by the epidemic, the output of automobile manufacturers and parts manufacturers in Hubei Province will be seriously affected.

According to the latest figures from the Federation of passengers, retail sales by passenger car manufacturers plunged 92% in the first half of February from a year earlier. Among them, the rate of decline reached 96% on the 1st-9th, and the decline on the 10th-16th reached 89%.

At present, the impact of the epidemic on the automobile industry is still very serious. as a result of insufficient supply, car manufacturers are forced to stop production, car manufacturers are insufficient, and the sales performance of dealers is not satisfactory. car production and sales are expected to decline to a large extent. After the end of the epidemic, consumer demand suppressed by the epidemic will be released in the short term, but the epidemic will still have a lasting impact on the automobile industry.

Cui Dongshu, secretary general of the Federation of passengers, said that the decline in sales in the first quarter may exceed 20%. If the risks brought by special factors are not taken into account, the passenger car market is still likely to achieve positive growth from March to December this year, and the annual growth rate is expected to be about 1%.

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