In 2007, auto sales observed an adequate year in China. After the depression in 2005, the car market continuously establishes with a potential tendency: the sales of tool as well as high-grade traveler cars and trucks as well as urban SUV will certainly preserve high development; business passenger automobile market will certainly additionally progressively create; however, the general growth price of business freight automobiles will certainly decrease, and also the chance depends on products updating and also export.
Affecting and sustaining consider 2008
In 2008, the car industry will deal with influencing elements including energy-saving environmental plan, levying of oil tax, the marriage of international and also residential enterprise taxes, high-price oil and also development of brand-new energy, etc. Thus auto sub-industries will deal with brand-new chances as well as challenges.
Formation of a new consumer group and also the evident consumption upgrade trend are the histories for a progressively creating guest autos market, while GDP, repair property investments and also brand-new rural building and construction variables are the sustaining variables for business freight vehicle's secure development. In the auto market, there are guest autos as optional consumer products, as well as commercial cars with capital items purposes.
Growth numbers
Currently the average per-capita car number is three cars and trucks per hundred persons in China. Due to distinctive urban-rural dual framework in China and also the different advancement degrees between urban and also country districts, the per-capita auto number is twenty vehicles per hundred persons in tier-one cities, where the auto intake is in a "phase of motorization".
As of October 2007, automobile sales got to 7,150,000 autos in China, a year-on-year built up boost of 24%. Among this number, guest cars and truck sales were 5,079,400, with a year-on-year gathered increase of 23.75%, while commercial car sales were 2,070,000, with a year-on-year collected boost of 25.14%. Let's look at the short-term sales fad for different cars and truck types.
Considering that 2002, yearly sales of auto have gone across a million lines in China, attaining a high-speed development for 5 years. At the end of 2007, it is approximated that sales will certainly reach six million automobiles Thinking about the excellent economic distinctions among areas in China, the major growth engine for the automobile sector is the existing customer's replacement need and also new user's first buying need.
Automobile
Brand competition in between traveler cars is intense. Presently, passenger auto brand names complete about 340 in China, and the yearly typical sales per brand name are 17,000 this year, a year-on-year reduction of 45% for automobile brands. The factor is that the auto market shows brand name problem as well as extreme small business, which is likewise associated with the consumption attribute of auto in China. Auto, as the consumption sector of the auto market, have unparalleled market potential to the buses and also freight automobiles.
In the car section, we think top-quality brand sales will be secure, while competitors in the medium-grade market will be strenuous. In the automobile sector, there are traveler autos as discretionary customer items, as well as business lorries with resources goods functions. Amongst this number, guest automobile sales were 5,079,400, with a year-on-year accumulated rise of 23.75%, while commercial vehicles sales were 2,070,000, with a year-on-year built up boost of 25.14%.
Considering that 2002, yearly sales of guest automobiles have actually gone across a million lines in China, attaining a high-speed growth for 5 years. Presently, passenger cars and truck brand names amount to concerning 340 in China, and the annual ordinary sales per brand are 17,000 this year, a year-on-year decline of 45% for guest vehicle brand names. The reason is that the guest autos market shows brand problem and also excessive little business, which is likewise associated to the intake attribute of passenger cars and trucks in China.
