Li Shengmao, an analyst of China Investment Advisor Automotive Industry, pointed out that from the data of the two months of 2009, China's internal combustion engine manufacturing companies are gradually out of the predicament, and the engine market has shown signs of recovery.
The analysis of China Investment Advisors' data shows that the order or monthly production of China's major internal combustion engine companies in early 2009 was very eye-catching: the monthly production volume of FAW Xichai in January increased from more than 5,000 units to more than 10,000 units, and the growth rate exceeded 200%; Weichai in February The engine market exceeded 30,000 units, and in March it was as high as 40,000 units, creating the best level in history; Yuchai won nearly 60,000 engine orders in February, and it is expected that the number of orders obtained in March will increase. Resumption to the same period in 2008; China National Heavy Duty Truck Hangfa expects to hit a new high in March sales.
From the actual engine sales of major companies in February, the major diesel engine companies Middle East Wind Co., Weichai Co., Dongfeng Chaochai Co., Ltd. are all negative growth; and Shandong Laidong, Anhui Quanchai, Jiangxi Jiangling, Kunming Yunnei, Yangchai, etc. The enterprises supporting light trucks and agricultural vehicles have seen significant growth. It can be seen that the market has indeed experienced warming, but the degree of warming is different because orders are not actual sales.
The performance of the automotive market in the downstream engine industry has effectively proved the view of Li Shengmao. According to the data from the China Investment Consulting Industry Research Center, the production and sales of automobiles both exceeded 800,000 in February, and production and sales both saw year-on-year growth and year-on-year growth. In February, the output of automobiles was 807,900, a year-on-year increase of 22.96%, and a year-on-year increase of 23.08%. Sales volume was 827,600 units, an increase of 12.43% compared with the previous period and a year-on-year increase of 24.72%. Among them, the production and sales market of commercial vehicles quickly recovered, and the production and sales volume increased by more than 60%. In February, the production of commercial vehicles was 216,600 units, a year-on-year increase of 63.88%, an increase of 17.17% year-on-year; sales of 22.03 million units were up 75.54% month-on-month and a year-on-year increase of 26.09%. The passenger car sales volume of 1.6 liters and below continues to maintain strong growth. In February, the number of passenger cars produced was 591,300, an increase of 12.66% from the previous quarter and a year-on-year increase of 25.40%; sales of 607,300 units were down 0.54% month-on-month and an increase of 24.23% year-on-year. Sales of passenger cars with 1.6 liters or less of displacement were 434,300, an increase of 2.16% from the previous quarter and a year-on-year increase of 43.81%.
Li Shengmao, an analyst in the investment industry auto industry consultancy, believes that the country’s policy of stimulating domestic demand to stimulate the economy has indeed played a role, and that this role has become even more pronounced on micro and light vehicles, especially since March. Continuing attention to the rural economy and the market's expectation of the “automobile to the countryside†policy, the overall sales volume of light trucks will increase significantly, so the market outlook for light-duty truck engines is very optimistic.
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