Production and sales of over 18 million vehicles in the first quarter or panic consumption

On January 10, the China Association of Automobile Manufacturers released last year's automobile production and sales data. In 2010, under the vigorous promotion of policies, the Chinese auto market exceeded 18 million units in sales and surpassed the sales record of 17 million units created in the United States, making it unmatched in other countries. However, the cancellation of the small-displacement purchase tax exemption policy, and the consumption overdraft caused by the year-end car buying boom, will all have an impact on the auto market in 2011. Xu Changming, director of the Department of Resources of the State Information Center and senior economist, said that in 2011, the auto market will bid farewell to the policy city and return to a relatively stable growth rate.

2010 production and sales hit a new global high

Continuing the fiery sales in November last year, both the production and sales of the Chinese auto market achieved a historical breakthrough in December. According to the data provided by the China Association of Automobile Manufacturers (hereinafter referred to as China Automobile Association), the current month's automobile production was 1,864,800, an increase of 6.27% from the previous period and a year-on-year increase of 22.30%; sales were 1.667 million units, a decrease of 1.79% from the previous period and a year-on-year increase of 17.90%. December production and marketing records for the calendar year.

In 2009, the Chinese automobile market achieved a rapid growth of 46%. In 2010, the Chinese auto market once again achieved a 32% rapid growth. Gu Xianghua, deputy secretary-general of the China Automobile Association, analyzed that the rapid growth again was mainly due to the steady and rapid development of the country's macro economy. The promotion of the automobile consumption policy effect has also contributed to the rapid development of the automobile market.

Zhu Yiping, deputy secretary-general of China Automobile Association, stated that in 2010, China’s auto industry continued its development trend in the previous year. Under the effect of various incentive policies such as purchase tax concessions, trade-in replacements, autos to the countryside, and subsidies for energy-saving and people-friendly products, China’s auto industry has played a role in The production and sales of automobiles both exceeded 18 million, creating a record high in the world and once again ranked first in the world. The most important feature of the auto market in 2010 was the overall growth of various types of models, and the share of independent brands has also increased. At the same time, auto exports gradually recovered, the scale of production and sales of large enterprise groups as a whole rose, and the economic benefits of the industry increased significantly.

China's auto market will bid farewell to rapid growth

With a series of policies that encourage the phasing out of auto consumption policies and system-wide restrictions on licensing, this year will have a big impact on the Chinese auto market. In the "2010 Top Ten Automotive News Selection" held on January 7, Xu Changming put forward the forecast and forecast for the Chinese auto market in 2011. In 2011, the passenger car market will bid farewell to a high growth rate of more than 30%. 15% is the axial growth interval.

After China set a new record for production and sales of 18 million vehicles in 2010, the passenger car market in 2011 may return to normal. Xu Changming stated that if there is no New Deal promoting automobile consumption this year, and only relying on the current continuing incentive policies, then the potential for the growth of automobile sales this year to be slightly lower than the long-term potential growth rate is even greater, and the momentum of this round of high-speed growth has disappeared. , compared with 2009 to 2010 will be a significant correction.

Gu Xianghua also stated that although the original tax policy for vehicles and ships was still implemented in 2011, the policies for encouraging automobile consumption proposed by the revitalization plan have all been withdrawn, and the focus of the policy will be on energy-saving emission reduction and new energy vehicles.

A quarter or outbreak of panic consumption

It is also worth noting that with the introduction of the Beijing traffic congestion control policy, policies are being brewed across the country to emulate Beijing, which will have a certain impact on the automotive market in 2011.

After Beijing introduced the shake number restriction policy, it has created huge waves in major cities throughout the country, especially in cities where traffic congestion is serious, and it attaches great importance to the effectiveness of this policy. Xu Changming expressed concern about this. He believes that Beijing, as the capital, has a modest lead effect. If other cities follow the Beijing policy and work hard on the source of the amount, the impact on the overall automobile market in China will be very great. First-tier cities such as Shenzhen and Guangzhou are currently studying more stringent policies to stop blocking, and the auto market is even more active. Affected by rumours, a new car boom may be formed in the short term. Xu Changming predicts that in the first quarter of this year and even the first half of the year, it is highly probable that blinding panic consumption will be caused by rumours about local licensing restrictions.