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  National Bureau of Statistics: China's automobile consumption still has room for growth and potential

  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, responded to the situation about lifting car purchase restrictions one after another at a press conference on the operation of the national economy in the first three quarters.

  There is still room for growth and potential for China's automobile consumption. 2019-10-20
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  China's auto market continues to decline, expert: car demand is very strong, there is still room for growth

  China's car sales remain in the doldrums, and the overall downward trend has not fundamentally changed. Car sales fell by double digits in the first half of 2019 and narrowed in the second half of the year as they entered a downward channel in the second half of last year and fell from a year-on-year base. On October 16th CCTV Finance released a set of data to further reflect the current situation of insufficient kinetic energy in automobile consumption. In September this year, China's car sales narrowed year-on-year, with production and sales of 2.209 million and 2.271 million vehicles respectively, down 6.2% and 5.2% respectively compared with the same period last year. 18.149 million and 1837 cars were produced and sold from January to September.

  Car sales car spending power 2019-10-21
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  Independent car company CEO: automobile retaliatory consumption is not realistic, the most important thing is to survive

  For the trend of the car market after the epidemic, a number of independent car companies CEO expressed their views. Shen Hui, CEO of Weimar, believes that the "retaliatory" consumption of cars is not realistic, while Li Xiang, the ideal car CEO, says that the most important thing in this special period is to survive.

  Weimar Automobile China Automobile Market Automobile consumption 2020-04-19
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  The gap is still large. According to the latest statistics, the number of cars with 1,000 people in China is only 173.

  The World Bank released data on the number of cars owned by 1,000 people in 20 major countries in 2019, of which China ranked 17th on the list with 173rd cars per 1000 people. The United States ranks first, with 837 cars per thousand people, nearly five times that of China. In addition, the main dimension affecting the number of cars owned by thousands of people is the per capita GDP level. The per capita GDP of the top 10 countries on the list is more than 10000 US dollars, while that of China is 9201 US dollars, which still lags behind developed regions or countries such as Europe and the United States. In addition, some industry experts believe that although China's car sales have soared to continue.

  Automobile 2019-08-11
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  China's auto market may fall by more than 20% in August, and car sales have dropped continuously.

  China's cumulative passenger car sales from January to July reached 11.44 million, down 8.8 per cent from a year earlier, according to the Federation of passengers. China's auto market experienced a 12-month decline in sales, as the price cut and inventory clearance stimulated consumer demand in June, and then continued to decline in July due to early consumer overdraft. it is also an off-season for sales, and the car-buying environment will remain depressed. According to the data report released by the Federation of passengers today, whether terminal retail or manufacturer wholesale, China's car market still experienced a double-digit decline in the first three cycles of August, even reaching 20%. The first of August.

  2019-08-28
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  Great benefit! Documents of the State Council: unleashing the potential of automobile consumption and relaxing or abolishing purchase restrictions

  China's auto industry has entered a downturn, car sales continue to decline, consumer purchasing power has declined, this phenomenon has been going on for more than a year. During this period, the relevant departments plan to introduce new policies to stimulate automobile consumption, but at present the effect is very little, the cold winter of the automobile industry will continue for a period of time. In 2018, China's automobile market experienced negative growth for the first time in 28 years, and the downward trend in 2019 has not been improved. Statistics from the China Association of Automobile Manufacturers show that China's automobile production and sales are still showing a double-digit decline since the beginning of this year. From January to July, automobile production and sales completed 13.933 million and 14.132 million respectively.

  Benefit and benefit 2019-08-27
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  Jinan: encourage the research and development of new energy car companies, reward 1 million for every new model released

  Today, at the press conference of the Jinan municipal party committee and municipal government, Yang Futao, deputy director of the Jinan Municipal Bureau of Industry and Information Technology, introduced the development status of Jinan new energy automobile industry. Local vehicle manufacturers are encouraged to actively develop new models according to the application of new energy vehicles in Jinan, expand the application scene, and promote local application through preferential benefits and other measures. Enterprises that have obtained the qualification for the production of new energy vehicles will be given a reward of 1 million yuan for every announcement of complete vehicle products of new energy vehicles, and the annual reward of a single enterprise shall not exceed 10 million yuan. At the press conference, he talked about the bright spot policy on the support of new energy vehicles in the Policy, vice president of Jinan.

  New energy vehicle enterprises 2021-06-18
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  China's auto market is likely to see explosive growth, and these policies and measures are good for the whole industry.

  Affected by the COVID-19 epidemic, China's automobile industry has entered the most depressed period in history, coupled with the original car market environment continues to decline, new energy vehicles have been hit by a substantial decline in subsidies, a series of factors led to a very bleak start to the auto market in 2020. In early February, China's car sales hit a record 92% year-on-year decline, and market anxiety intensified under the impact of the epidemic. However, the industry has high expectations of the car market, that the next car demand will gradually recover, there is the possibility of a concentrated outbreak of demand in the second quarter, policy relief and rescue of the market may set off a new round of the best part. Is the car market going to explode? According to the Chinese ride federation.

  Car consumption car sales 2020-02-24
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  In August, dealer inventory remained high and then exceeded the warning line, and car sales declined continuously.

  Entering the second half of 2019, the overall downward trend of industry production and sales has not fundamentally changed, and the monthly double-digit decline continues. China's car sales in July were 1.808 million, down 12.1% from the same period last year. From January to July, sales totaled 14.132 million, down 11.4% from the same period last year. July and August is the off-season of the traditional car market, and the business situation of car companies and major dealers is not optimistic. The inventory warning index of car dealers reached 62.2% in July, the second highest level so far this year. Inventory levels improved month-on-month in August, but remain above the warning line. The China Automobile Circulation Association issued on August 31.

  Cars sales dealers inventory 2019-09-01
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  Ministry of Commerce: the international competitiveness of China's automobile industry surpasses that of South Korea, and there is a gap with Germany and Japan.

  A few days ago, the Foreign Trade Department of the Ministry of Commerce issued the "High quality Development report on China's Automobile Trade", which affirmed China's important position in the global automobile market, and recognized the current situation and achievements of the high-quality development of China's automobile trade. It also recognizes the gap and provides guidance for the development of Chinese brands in overseas markets. The Foreign Trade Department of the Ministry of Commerce said that the international status of a country's automobile industry can basically represent the overall international status of the country's manufacturing industry. the automobile manufacturing industry is also an important indicator of a country's industrialization, economic strength and scientific and technological innovation capability. At the same time, the automobile industry is also the most globalized industry.

  Automobile 2020-01-01
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  The bosses of six car companies collectively spoke out: they are not afraid of competition from foreign car companies.

  During the two sessions, the reporter interviewed the leaders of six automobile companies, namely FAW, Dongfeng, SAIC, BAIC, Guangzhou Automobile and Chery. In the face of a more and more open car market, Dongfeng Automobile Chairman Zhu Yanfeng said bluntly that he was not afraid of competition from foreign car companies, while in addition to Dongfeng, Chinese car companies such as SAIC, BAIC, Guangzhou Automobile and Chery said they hoped to wrestle with foreign car companies. FAW, Dongfeng, SAIC, BAIC, Guangzhou Automobile and Chery sold a total of about 19.54 million vehicles last year, accounting for about 70 percent of the country's car sales. During the two sessions, Economic Voice reporters interviewed the above six auto company bosses, including FAW Group General Economics.

  Six boss speak up. 2019-03-13
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  The car market may maintain a month-on-month growth trend in June, but the Federation is expected to decline by 8% year-on-year.

  After the trough of 2020, China's auto market has achieved two consecutive months of sales growth in April and May under the control of the epidemic, which also makes many car companies and dealers feel that they are still thinking. However, retail sales of narrow passenger cars are expected to fall 8 per cent year-on-year to 1.63 million in June, meaning the market will return to the downward trend, according to the latest forecast released by the Federation of passengers.

  Car market 2020-06-19
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  Another data in China's auto market set a record, with dealer inventory reaching a new high in February.

  February inventory of car dealers

  February inventory of car dealers 2020-03-02
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  The automobile industry is still not optimistic, and the total inventory of dealers is high again in October.

  In the cold winter of the automobile industry, even if it comes to the traditional period of "Golden Nine Silver Ten" to stimulate consumption, it can not avoid the impact of the persistent downturn in car buying sentiment. The inventory early warning Index of Automobile Dealers in China was 62.4% in October 2019, up 3.8% from September and down 4.5% from the same period last year, according to a report released by the China Automobile Circulation Association on the 31st. The inventory early warning index is still above the warning line. It is worth noting that the 62.4% inventory early warning index is the second highest this year after the 63.6% inventory early warning index in February, reflecting the inventory of car dealers.

  Dealer inventory 2019-11-01
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  The number of motor vehicles in China reached 340 million in the first half of the year, and the automobile consumption index fell by 26.4% in June.

  Recently, the China Automobile Circulation Association (CADA) released China's automobile consumption index in June 2019. From the data, we can see that China's automobile consumption index in June 2019 was only 41.2, down about 26.4% from May, setting a new low in recent years (affected by factors such as the Spring Festival holiday, so the January data is not representative). The overall consumption index shows a downward trend this year. Industry insiders expect a decline in July. Analysis of the China Automobile Circulation Association pointed out that July is the off-season of the car sales industry, the temperature began to rise, the southern region also gradually entered the rainy season, the market store terminal will collect passengers.

  Car consumption 2019-07-09
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  Sales are expected to fall by another 36%, and China's auto market is still not optimistic in March.

  Sales fell by another 36%, and the Federation predicted that China's auto market would be hit in March.

  Sales fell by another 36% and the Federation predicted that China's auto market would be hit in March. 2020-02-27
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  The rapid popularity of cars in China is basically over, and some car companies will be eliminated by the market.

  Since the second half of 2018, China's automobile production and sales have entered a decline channel, which has declined for 15 consecutive months compared with the same period last year, and the depression of the automobile industry will continue. The rapid popularity of cars in China is almost over, Ministry of Commerce officials said in a speech yesterday. Hu Jianping, deputy director of the Market Construction Department of the Ministry of Commerce, said at the second Import Expo's "China Automobile Industry Development Forum" on November 7 that the rapid popularity of cars in China has been basically affected by the superposition of multiple factors, such as the increasing downward pressure on the macro-economy, the slowdown in the growth of residents' income, the strengthening of resources and environmental constraints brought about by the continuous growth of car ownership, and the change in the concept of automobile consumption.

  Automobile industry 2019-11-08
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  The China Automobile Association expects sales to decline by 25% in the first half of the year, and the policy Brooks no delay to save the market.

  Car sales fell 79.1% in February from a year earlier, so far, China's auto market has fallen for 20 consecutive months compared with the same period last year. Under the continuing influence of the epidemic, the recovery pace of the automobile industry has been disrupted, and there is still a lot of uncertainty about when to return to proportional growth. According to the latest forecast of the China Association of Automobile Manufacturers, if the epidemic is effectively controlled by the end of March, production and sales are expected to decline by about 45% in the first quarter and about 25% in the first half of the year. China's auto market fell for the first time in 28 years in 2018 and widened to 8.2% in 2019.

  Automobile market 2020-03-22
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  Industry insiders: a 10% drop in the car market this year is a good victory.

  The automobile market in 2020 will be extremely difficult, under the double oppression of the epidemic and the depressed car market, the follow-up trend of the car market is not optimistic. Chen Yudong, president of Bosch China, said, "about 10% of this year's car market is a very good victory." Bosch Group is the world's largest auto parts supplier, and China has become Bosch's largest overseas market outside Germany for five consecutive years. According to data from the China Automobile Association, in April this year, China's automobile production and sales completed 2.102 million and 2.07 million respectively, an increase of 46.6% and 43.5% month-on-month, an increase of 2.3% and 4.4% respectively over the same period last year.

  Automobile market 2020-05-17
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  Changan Auchan launched the policy of "subsidy for cars going to the countryside", with a maximum subsidy of 22000 yuan.

  A few days ago, Changan Auchan Automobile issued a notice that the company implements the subsidy policy of going to the countryside and can enjoy a maximum subsidy of 22000 yuan from manufacturers. This is also the first manufacturer to respond to the call since the ten ministries and commissions announced the policy of "cars going to the countryside". According to statistics, the overall sales of Changan Auchan brand in 2018 was 192745 vehicles, ranking 26th among all domestic brands. At present, there are 9 models on sale under the Auchan brand, including Changan Ono, Auchan X70A, Auchan A800 and so on. In 2018, China's auto market fell for the first time in 28 years, and in January this year, the National Development and Reform Commission announced that it was considering introducing a new policy to encourage automobile consumption. Send it.

  Chang'an 2019-02-13