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Statistics from the American Association of Original Equipment Suppliers show that in 2009, a total of 60 parts and components companies in the United States filed for bankruptcy protection, which exceeds the total from 2000 to 2008.
Last year, 200 U.S. parts companies eventually closed down, and the prospects for the future are not optimistic. Tony Brown, global purchasing director of Ford Motor Co., said that U.S. car makers have not yet emerged from the plight, and spare parts suppliers still have excess production capacity. The situation is not good. .
The statistics from the American Association of Original Equipment Suppliers show that in 2008, when the financial crisis broke out, a total of eight parts and components companies in the United States filed for bankruptcy, and the final bankruptcy company was about 20. In the nine years from 2000 to 2008, a total of 58 auto parts companies filed for bankruptcy protection in the United States. However, in 2009, this figure reached 60, more than the sum of the past nine years. In terms of the number of bankrupt companies, 2009 was 10 times that of 2008.
The large-scale bankruptcy of US auto parts companies is closely related to the local car sales. The data shows that in 2009, the sales volume of light vehicles in the United States was 10.4 million units, a year-on-year decline of 21.2%. In addition to Hyundai-Kia and Subaru, sales of more than 30 auto companies in the United States have declined. The decrease in car sales leads to the shrinking of parts and components demand from automakers, further affecting the performance of parts and components companies.
JDPOWER predicts that US auto sales in 2010 will achieve a 12% growth, but even if it is achieved, it will be far behind the average sales volume of 16 million vehicles before the US financial crisis. Tony Brown said that the auto parts company's production capacity is still in a state of excess, and is facing difficulties in financing and high interest rates. The capital chain is the biggest threat to parts companies.
Obviously, the Chinese part-sellers across the ocean do not feel the "cold" of their American counterparts. Driven by China’s booming auto market, China’s auto parts companies have experienced rapid growth.
According to data from the China Association of Automobile Manufacturers, the total output value of auto parts in China will reach 1.2 trillion yuan in 2009, a year-on-year increase of 26.7%. The number of parts and components companies in China also reached 13,000. From 2002 to 2008, the number of Chinese auto parts companies grew at an average annual rate of 20%.
Beijing Hyundai and Dongfeng Yueda Kia interior parts suppliers said that the two automobile companies have set a total sales plan of 1 million vehicles in 2010. As a supplier, the company’s production capacity must also be adapted to Beijing Hyundai and Dongfeng Yueda Kia. Expand demand. Domestic auto companies such as SAIC-GM-Wuling , Dongfeng Nissan, and Shenlong Motor also requested suppliers to expand their production. As China's auto industry has grown by more than 40%, the expansion of auto parts companies' capacity will become the status quo in the industry.