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Last year, China's car market faced its first decline in 28 years, which has not been in the depths of winter until this year. Even in the face of the traditional "Golden Nine" market, the growth rate hit a record low. In September, retail sales of narrow passenger cars nationwide reached 1.781 million, down 6.5% from a year earlier and up 14% from the previous month, but the month-on-month growth rate was the lowest over the years. From January to September, cumulative sales were 14.782 million vehicles, down 8.6 per cent from a year earlier.

In the face of this situation, Mao Shengyong, director of the National Economic Comprehensive Statistics Department of the National Bureau of Statistics, at a press conference on the operation of the national economy in the first three quarters, responded to a question about the fact that car consumption is still in the doldrums despite the gradual lifting of car purchase restrictions in various localities.

Mao Shengyong said that the entire consumer market is not in the doldrums, and consumption has maintained a relatively good growth trend. In terms of total retail sales of consumer goods, it increased by 8.2% in the first nine months, and increased by more than 9% in real terms after deducting the impact of cars. In the first three quarters, the proportion of service consumption has exceeded half of the country, so when we put service consumption and physical consumption together, the growth rate of consumption should be more than 9%, which is not low. It's a relatively good growth trend.

In terms of car consumption, car production and sales have declined since May last year. Mao Shengyong said that car production is slowing down, and this is also happening in other countries in the world. At present, in terms of car ownership, China still has room for growth and potential. In terms of car consumption, car production and sales have declined since May last year. Mao Shengyong said that car production is slowing down, and this is also happening in other countries in the world. At present, in terms of car ownership, China still has room for growth and potential.

At present, China's total consumption of new cars is more than 28 million, ranking first in the world. The number of cars per 100 households in cities and towns rose to 40 from 21.5 in 2013. According to the comparable caliber, the number of thousands of cars in China is 170 in 2018. Developed countries, such as the United States, can reach about 800 vehicles, such as Europe, Japan and other developed countries in 500 to 600 vehicles. Compared with developed countries, the demand space for automobile consumption is still very large. For example, according to the growth rate of 9%, it is still in the medium-and high-speed growth range, and the trend is improving.

In fact, the demand for cars in our country is still not saturated, and consumers all want to own their own vehicles. Due to the sharp decline in the situation of "conditions permit", on the one hand, the utilization of resources in developed areas tends to be saturated, parking lots in first-and second-tier cities are scarce, and roads are congested. We have to adopt the policy of purchase and traffic restrictions, and the demand is suppressed. On the other hand, under the influence of the overall macro-economy and the short-term downward pressure of China's economy, the economic development of many non-developed areas has not reached the level of continuous rise in car ownership, and demand is weak.

At the same time, in recent years, the domestic car market has maintained rapid growth, production and sales have reached new highs many times, while the booming automobile market has brought a very high production and sales base. At a high base, there is also considerable pressure on the auto market to maintain rapid growth.

Mao Shengyong believes that it is now necessary to accelerate the circulation of the second-hand car market, including gradually abolishing local restrictive policies and promoting the growth of the new car market through the revitalization of used cars. Generally speaking, China's automobile consumption still has room for growth, and the overall consumption will maintain a relatively good growth trend.

In 2019, China will try its best to keep the annual GDP growth rate at around 6%. The car market, which lags behind the economy as the economy slows, will be hard to shake off downward pressure in 2019, but its support is still tough. At present, the upgrading of consumption structure in China is still on the rise, the scale of consumption is expanding steadily, the consumption pattern is constantly innovating, the trend of consumption upgrading remains unchanged, and the consumption contribution is further enhanced, and consumption upgrading in our country will go through a long stage of development.

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