According to the Ministry of Public Security, as of the end of 2007, the country’s motor vehicle population was 159.8 million vehicles, which continued to maintain rapid growth. Automobiles and motorcycles were the major components of motor vehicles. The picture shows dense traffic flow on Beijing's West Second Ring Road. Xinhua News Agency reporter: Li Xiaoguo
According to the latest statistics from the China Association of Automobile Manufacturers, the sustained and rapid development of China’s national economy and the rapid growth of people’s income in 2007 have driven China’s automobile production and sales to exceed 8 million vehicles for the first time, exceeding or close to 8.8 million vehicles. Create a new record high.
On the whole, in 2007 China's auto industry continued to maintain rapid growth in production and sales, the steady growth of passenger vehicles, the rising trend of commercial vehicles and the vitality of key auto companies to maintain their vitality.
Good connection between production and sales to maintain rapid growth
In 2007, China's auto industry continued to show a development trend of both production and sales. Among them, the production of automobiles was 8,882,200, an increase of 22.02% year-on-year, a net increase of 1,602,700 over the previous year and sales of 8,791,500 vehicles, an increase of 21.84% year-on-year and a net increase of 1,570,600 vehicles over the previous year.
Among them, the performance of commercial vehicles was significantly better than that of the previous year, with production and sales of 2.5113 million and 2.494 million vehicles, an increase of 22.21% and 22.25% year-on-year; an increase of 6.96 and 8.02 percentage points over the same period of last year and an increase of 0.19% over the industry. And 0.41 percentage points. The production and sales of passenger cars reached 6,811,100 units and 6,927,500 units respectively, a year-on-year increase of 21.94% and 21.68% respectively. The increase in production and sales slowed down from the previous year.
In particular, the good development trend of the auto industry is that it has maintained a rapid double-digit growth rate for nine consecutive years. After sales exceeded 2 million units in 2000, its annual sales in 2002, 2003, 2004, 2006, and 2007 all jumped to new levels. The scale of one million cars; 2007 sales almost doubled in 2003.
Stable Growth of Passenger Vehicles
In 2007, sales of basic passenger cars (cars) reached 4,746,600 units, an increase of 23.46% year-on-year. The demand for sport utility vehicles (SUVs) has grown at a rapid rate. The urban SUV market has performed most prominently. The annual sales volume reached 357,400 units, an increase of 50.09% year-on-year. The Multi-function Passenger Vehicle (MPV) grew steadily. The three major brands of Odyssey, Buick GL8 and Ruifeng dominated the market. The growth in the demand for crossover passenger cars has steadily decreased slightly, and SAIC-GM-Wuling has achieved outstanding results.
However, the small-displacement vehicle market is relatively sluggish. According to statistics, passenger cars with a displacement of less than 1.3L exhibit a downward trend compared with the previous year, and the decrease in displacement is less than 1L. In 2007, sales of 1,639,900 units with a displacement of less than 1.3L accounted for 26% of the total sales of passenger cars. Compared with the same period of last year, the market share fell by 5.7 percentage points; in basic passenger cars (sedans) The sales volume of passenger cars with a displacement of less than 1.3L was 730,200, a year-on-year decrease of 7.8%, of which, the displacement was less than 1L and sales were 251,700, a year-on-year decrease of 30.90%, and the market share decreased by more than 3 percentage points.
In 2007, the independent brand car market performed better. The cumulative sales of self-owned brand cars reached 1,242,200 units in the year, accounting for 26% of the total sales of cars. Among them, the top ten self-owned brands in terms of sales volume were: Xiali, QQ, Fumeilai, Qiyun, F3, Junjie, Freeship, A520, and Ben. Ben and Geely King Kong. In 2007, the above-mentioned ten brands sold a total of 889,100 vehicles, accounting for 72% of the total sales of self-owned brand cars.
The recovery of commercial vehicle market Excellent performance of trucks and buses
In 2007, the sustained and rapid growth of the national economy led to investment demand. In order to complete the “five vertical and seven horizontal†national trunk line targets, the intensity of highway construction has increased, and the rapid development of the logistics industry has also stimulated the capacity of highway transportation to a large extent. Demand, Affected by this, the freight market continued its rapid growth in the previous year. The demand for trucks continued to maintain steady growth as a whole, and the performance of heavy-duty trucks became the biggest bright spot in the market.
The annual sales of trucks were 1.5664 million, an increase of 15.11% year-on-year; the truck chassis sales were 454,400, an increase of 31.98% year-on-year. Heavy trucks (excluding chassis) (total mass >14 tons) sold a total of 93,100 vehicles, an increase of 69% year-on-year. Demand for medium-sized trucks fell slightly from the previous year. Affected by the country’s increasing investment in “agriculture, countryside and farmers†and at the same time, it has provided opportunities for “door-to-door†short-distance transportation as the speed of the railway continues to increase. In 2007, light trucks also showed significant growth. The demand for minivans (excluding chassis) remained generally stable with a total of 288,800 vehicles sold, a year-on-year increase of 6.04%.
The upgrading of passenger car products has greatly promoted the market demand for passenger cars. Bus sales in 2007 showed a significant increase over the previous year, with a total of 247,500 vehicles sold, a year-on-year increase of 29.56%.
Key enterprises have significant overall profitability
In 2007, the profits and taxes of key enterprises in the automotive industry maintained a strong growth momentum, and the overall profitability was significant. It is speculated that the annual profit of key enterprise groups will reach 60 billion yuan, and the entire industry will exceed 100 billion yuan. In terms of total profits and taxes, as of November, key enterprise groups completed a total of 115.6 billion yuan, an increase of 48% year-on-year.
In 2007, the key enterprises in the industry still dominated, among which the top ten companies in sales ranking were: SAIC, FAW, Dongfeng, Chang'an, BAIC, GAC, Chery, Brilliance, Hafei and Geely. The above-mentioned ten companies sold a total of 7.3365 million vehicles, accounting for 83% of the total sales of automobiles.
SAIC, FAW and Dongfeng continue to be the major forces driving the development of the automotive industry. In 2007, the production and sales of the Big Three Group exceeded one million units, of which sales reached 1.554 million units, 1.43 million units, and 1,133,300 units respectively, which represented a year-on-year increase of 25.11%, 23.19%, and 21.98% respectively, and market share reached 17.68% and 16.33%, respectively. And 12.94%.
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