Near the end of 2007, how to evaluate the performance of the auto market this year has become a hot topic within and outside the industry. Recently, the relevant person in charge of the China Association of Automobile Manufacturers said in an interview with the media that through the analysis of the development situation of the Chinese automobile market in the past two years, from the period of the “Eleventh Five-Year Plan†from 2006 to 2010, the increase in the scale of production and sales is still the mainstream of the development of the industry. After the national auto production and sales exceeded the 7 million mark in 2006, it will exceed 8.5 million units in 2007; the market scale will further expand in 2008 to reach or close to 10 million vehicles.
According to the authoritative statistical results of the China Association of Automobile Manufacturers, in 2006 China's automobile production and sales amounted to 7.297 million units and 721.60 million units; and from January to November 2007, China's auto production and sales were 8,059,400 units and 7,951,200 units, respectively, a year-on-year increase of 22.25%. And 23.19%. At present, China’s automobile production ranks third in the world, second only to the United States and Japan where annual production exceeds 10 million. In the automotive consumer market, although there is currently no authoritative organization to announce the actual vehicle number, it is in accordance with the Ministry of Public Security Traffic Management Bureau. According to the information, as of the end of September 2007, the number of private motor vehicles in China was 118,129,662 vehicles, an increase of 7.22% over 2006, of which private cars accounted for 61.25% of the total, and private consumption became the main body of the auto market.
The relevant person in charge of the China Automobile Association pointed out that although there was a brief downturn in the auto market from 2004 to 2005, a comprehensive review of the development trajectory of the “Tenth Five-Year Plan†and the “Eleventh Five-Year Plan†is due to the continuous growth of the Chinese national economy and the consumption of the residents. The structure of the transition from the main food and clothing to the mainstay of the behavior, the past five years, the huge demand for automotive products has become a global economic focus. Since 2000, China’s auto production has rapidly increased from 2 million vehicles to 7.2 million in 2006, with an average annual growth rate of 24%. In 2007, due to the overall stable performance of the Chinese economy, the annual GNP growth rate is expected to reach about 11.5%; residents' income will continue to increase. In 2007, the disposable income of urban residents will increase by about 12.5%. Above the level of growth in the previous two years, the changes in the consumption structure have continued to develop in depth. Many favorable factors have allowed China's auto production and sales to easily jump to another one million steps in 2007. In addition, since 2006, Chinese automobiles have begun to export in large quantities to foreign countries. The expansion of overseas markets has also increased the number of products. From January to November of 2007, the national automobile sales volume was 7.95 million, while the current export volume was 540,000, and the export share was 6.8%.
The person in charge said that the outlook for the auto market in 2008 will continue to maintain a double-digit growth rate, and the focus of the auto industry will be on the premise of maintaining healthy development of the industry. From the perspective of the macroeconomic environment and policies, it is expected that the GDP growth rate of the national economy will reach nearly 11% in 2008. The government will continue to adhere to the principle of expanding domestic demand and focus on enhancing the driving role of consumption on economic growth. The dominance of cars is extremely important in meeting the upgrading of residents' consumption structure. Second, from the market demand, related research reports show that currently China has less than 50 cars per 1,000 people, while the global average is 120, and the United States is 750. Therefore, many families in China do not yet own the first car, and the domestic automobile market has great growth potential. In addition, with the improvement of China's automobile manufacturing technology, its superior cost-effectiveness advantage has gradually emerged, and Chinese cars will become increasingly attractive to overseas markets.
The responsible person pointed out that according to the economic development proposed by the central government, the word “good†should be given priority. On the one hand, expanding consumption should be regarded as the key to stimulating economic development with equal emphasis on investment and exports. On the Other hand, quality and efficiency should be considered. Instead of speed being given priority, through vigorously carrying out energy-saving and emission-reduction work, we must change our methods of development and optimize the economic structure. In 2008, the auto industry should strive to improve its core technologies, build quality brands, and optimize industrial structure. He said frankly that Chinese automakers and suppliers should keep awake in anticipation of good market prospects, and the current market competition is fierce; with the further expansion of the market size in 2008, the market has narrowed the gap, the Chinese and foreign auto industry The competition will become more intense and self-owned brand companies must speed up the development of automobile development, automobile manufacturing, automobile marketing and automotive service.
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