According to statistics released by the National Bureau of Statistics, a total of 2,958,400 cars were produced in 2005, an increase of 26.9% over the previous year, an increase of 15.2 percentage points over the previous year. At the same time, vehicle profits continued to decline in 2005, a decline of 38.4%, and sales profit has fallen below the average level of the manufacturing industry.
In 2005, driven by the combination of economical sedan and low base in the second half of last year, the growth rate of production and sales rebounded rapidly. In the second half of the year, the growth rate of sedan production reached 53.1%, which was 47.9 percentage points higher than the growth rate in the first half of the year. However, the car companies are suffering from uneven enjoyment and differentiation. The production of cars in Anhui and Guangxi has increased by more than 100%, the growth rates in Guangdong, Jiangsu and other six regions have increased by more than 50%, and the production in six regions such as Shanghai and Jilin declined. Among them, Shanghai, Jilin and Shaanxi The production of cars in three regions has dropped for two consecutive years.
Although the production and sales of passenger cars rebounded quickly, vehicle profits declined for two consecutive years. In 2005, the total vehicle profit decreased by 38.4% in the previous year with a decrease of 18.3%. The sales profit rate dropped sharply from 9.11% in 2003 to 6.85% in 2004 and 4% in 2005, which is lower than the entire manufacturing industry. 4.46% average.
With the reduction of automobile tariffs in 2006, the process of internationalization and convergence of the domestic vehicle industry has accelerated significantly, and the auto sales profit rate has rapidly returned to foreign levels. Under the background of the current overcapacity of autos, the auto industry is losing its profits and gradually tends to average profits.
The report believes that in 2006, the growth of car production and sales will show a trend of highs and lows. The overall increase is comparable to or slightly lower than in 2005. The overall profit of auto vehicles will end in two consecutive years of decline and there will be a recovery growth, but the overall profit level will still be difficult to reach the level of 2003 and 2004. (Reporter Huang Xiwei)