Passenger Car Market Information Association Secretary General: September auto market is expected to recover

Rao Da, Secretary-General of the National Passenger Vehicle Market Information Association, revealed at the “National and Shanghai Automotive Market Information Conference & Symposium” last week: In August, the passenger vehicle market in the country is still in a state of low trough, with total output and sales volume. The month is basically similar. The sales of domestically produced cars increased by 11 from the previous month. The data from the National Passenger Car Market Information Association showed that in August, China produced 180,948 passenger cars and sold 183,792 vehicles. Compared with July, it was down by 0.27%, but compared with the same period of last year, passenger car sales increased by 1.19%. Among them, domestic cars that accounted for about 90% of the sales volume only increased by 11 vehicles compared with the previous month, and the year-on-year increase rate continued to fall to 0.11%. According to Rao Da, this was mainly due to the fact that the market environment in August did not change much, and the bank’s tightening currency The policy of consumption and the constant consumption psychology of car purchases have not changed. However, he believes that September may become the starting point of the market recovery, and the "11" Golden Week will have a seasonal market upsurge. According to his estimates, the market for passenger cars in September was able to sell more than 200,000 cars, of which sales of cars were around 180,000. However, he also pointed out that it cannot be expected that there will be a strong recovery in the market in September. Since September last year, the sedan sold more than 190,000 vehicles. In September of this year, sales may have a negative growth of 4%-5% compared with the same period of last year. Rao Da believes that the cumulative year-on-year growth of the domestic passenger car market may only reach 10%-12%. 80% of car companies could not complete the annual sales plan meeting also revealed that due to the impact of macro-control on the automotive industry has already appeared, this year will have 80% of the companies could not complete the sales plan set at the beginning of the year. Macro-control made the sales of domestic cars in the first 8 months of this year show a declining saddle type since February. It is understood that, together with last year's 197,400 inventories, this year, only 300,000 units are in the hands of manufacturers. According to the relevant person in charge of the Shanghai Public Policy Research Office, the impact of the current round of macro-control on the auto industry is mainly reflected in the state's control over the scale of investment in fixed assets, the introduction of industrial policies, the rectification of overloaded vehicles, and the "Road Traffic Safety Law." Implementation, bank credit tightening and premiums, and rising oil prices. Monetary policy has directly led to the fact that the vast majority of dealers’ liquidity has been compressed by 30%, and some even as high as 75%. On the other hand, manufacturers used to “pressure” and “reward” to pressure distributors to inventory. Under the pressure of inventory, the major manufacturers have set off a frenzy of price cuts. First, the Shanghai Volkswagen dealers fell more than 10,000 yuan, while the Beijing Hyundai full-line price reduction of 10%, Jeep4700 is a price reduction of 70,000 yuan to deal with the auto market. Reporter Lu Huimin

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