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Industry News

Press release of information on auto production-sales in July 2009

Source: Author£ºadmin Hits£º9592 Time£º2009/9/10 11:03:09
¡¡¡¡ According to statistics of China Association of Automobile Manufacturers, in July 2009, production and sales of auto in China is 1.1096 million and 1.0856 million, respectively, down 3.77 percent and 4.95 percent over last month, respectively, up 52.15 percent and 63.57 percent on last year's same period, respectively, maintaining a high level in the whole; production and sales reaches millions of units for five consecutive months since March, hitting a record high. Traditionally July is a slack time both for production and sales; however, both are showing good momentum in the month of this year. No sharp decline occurs compared with last month; instead, it maintains a good momentum of the first half year. During this time, macro economy in China is taking a gradual turn for the better, consumer’s confidence is boosting, and the central government puts forward a series of policies to stimulate the development of auto industry in a timely manner. Therefore, economic recovery is the basis for the rapid growth, timely and forceful policies are the driving force, and rigid demand for cars in China’s domestic market is the internal strength for its recovery. Moreover, sales of semi-trailer towing vehicles maintains growth in several months with the fastest sequential growth rate in July, which also an indication that macro economy in China has turned out remarkable recovery.
¢ñ. Production and sales “enjoys ample supplies in the off season” in July, more than 1 million sets in five consecutive months.
Production and sales in July both exceeds 1 million, a slight decline over last month, but a rise of 50 percent over the same period of last year, better than what is expected. Production and sales in the first seven months is 7.1009 million and 7.1844 million respectively, up 20.23 percent and 23.38 percent on last year’s same period. It can be regarded as the fairly fast growth in light of the growth speed in the past. This month is the fifth consecutive one that sales volume exceeds millions of units since March, more remarkably, during the traditional off season. The good performance in June and July is of extreme significance to boosting a rapid growth for the whole year.
¢ò. A slight decline of passenger car over last month, a sharp fall of models with low exhaust emissions
In July, production and sales of passenger car is 850.3 thousand units and 832.6 thousand units, dropping by 5.38 percent and 4.62 percent over last month, respectively, up 56.78 percent and 70.54 percent on the same period of the previous year, respectively. In terms of the models, besides the sport multi-purpose vehicle increases by around 10 percent, other models are lower than that of last month. Compared with the same period of last year, the growth rate of MPV is lower than 20 percent, growth rate of other models are higher than 50 percent. It is worth notice that, passage car with exhaust emission of 1.6L or less, which increases fairly rapidly in the first half year, registers a decline over last month, models with exhaust emission above 2.0L maintains a growth trend. The normal callback of models with low emission and recovery of high emission indicates that market of passage car is maintaining an overall growth.
In July, passage car of independent brands shows a slight decline. Car market of independent brands has the most decreasing rate, ranking the second place following Japanese brand. In July, total sales volume of passage car of independent brands is 345.6 thousand units, accounting for 41.51 percent of the total. Sales of Japanese brand, German brand, American brand, Korean brand and French brand is 202.4 thousand, 118.6 thousand, 80.7 thousand, 65.1 thousand and 20.2 thousand, respectively, accounting for 24.31 percent, 14.24 percent , 9.69 percent, 7.82 percent , and 2.43 percent of the total, respectively. Sales of car with independent brand is 159.3 thousand units, accounting for 26.49 percent of the total; Sales of Japanese brand, German brand, American brand, Korean brand and French brand is 171.3 thousand, 171.2 thousand, 76.6 thousand, 56.8 thousand and 20.2 thousand, respectively, accounting for 28.48 percent, 19.49 percent , 12.74 percent, 9.44 percent, and 3.36 percent of the total, respectively.
¢ó. Production of commercial vehicles increases and sales declines over last month
In July, production and sales of commercial vehicles is 259.3 thousand and 253.0 thousand, respectively, with production rising by 1.9 percent and sales dropping by 6.03 percent over last month, and up 38.74 percent and 44.19 percent respectively compared with the same period of last year. During the first seven months, production and sales of commercial vehicles is 1.8312 million and 1.8180 million respectively, up 7.14 percent and 5.47 percent over the same period of last year. Production and sales are both higher than that of last year’s same period in four consecutive months with a steady growth month to month. In July, the accumulated production and sales has turned a positive growth, indicating the market is gradually recovering. In terms of models of commercial vehicles, semi-trailer towing vehicle maintains outstanding growth trend. In July, Production and sales of it increases by 29.19 percent and 25.98 percent over last month, and up 58.93 percent and 1.17 times over last year’s same period, respectively. This shows that the market is recovering gradually. Related statistics released by the Ministry of Communications indicates that, cargo throughput of port in July increases by 12.9 percent over the same period of the previous year, which is also the first time of double-digit growth since September 2008. It is a reflection of economic recovery, which stimulates the demands for semi-trailer towing vehicles. Among other models of commercial vehicles, there is a slight increase for production of goods wagon, but sales of it drops by over 6 percent. Production and sales of passenger car is over 10 percent lower than last month, a slight increase on the same period of the previous year. Besides, non-integrated vehicles of passenger car outsells non-integrated goods wagon.
¢ô. Export remains low
Based on the statistics of the export of whole vehicles collected by China Association of Automobile Manufacturers, export in July declines sharply again. The export of whole vehicles also remains low. Export in July is 22.4 thousand units, down 26.76 percent over last month, and a fall of 61.19 percent over the same period of last year. Accumulated export in the first seven months is 164.8 thousand units, down 60.30 percent over last year’s same period.
Moreover, according to China Imports and Exports Reports collected by the Association, in the first half year, total volume of import and export of auto commodities is US $ 27.546 billion, US $ 13.563 billion less than the previous year, among which, import totals US $ 11.941 billion, a decrease of 26.89 percent from last year’s same period; export volume is US $ 15.605 billion, 37.02 percent down as compared to the previous year.
¢õ.  Main index of economic returns turn out remarkable recovery
In the first half year, production and sales maintains a steady growth month to month; the situation of the slipping economic returns in auto industry has been reversed. According to the flash report of economic index of 19 key enterprises (groups) in auto industry during the first half year in 2009 released by the Association, industrial added value, operation revenue and total profit and tax has turned to positive growth from negative in the first five months. Decline of profit and tax has narrowed, dropping by 1.38 percent over the same period of last year. It is expected that profits from January to July of the 19 key enterprises (groups) may achieve a positive growth in light of the situation of production and sales in July. The detailed situation shows that profits in eight enterprises will higher than that of last year’s same period (among them, one has turned to positive growth from negative in the first five months), and profits in eight enterprises will lower than that of last year’s same period (among them, seven are continuing a lower decline rate); three are in the red.
In the first half year, the growth rate of production and sales in auto industry is faster than that of economic returns. Models with low exhaust emission outsell models with high emission in light of the growth structure. This quite great change in auto industry is a full reflection that we have made remarkable achievements in the industrial structural adjustment in line with the requirement of economic development and the calling for energy-saving and emission-reduction. As a power in auto production and sales, auto industry has become a pillar industry in China. Through the economic returns needs to be raised, millions of units of annual production and sales will surely play an important role in stimulating the economy.