Annual sales target in China auto market up

The first quarter of this year, domestic car sales are still hot, according to latest data of China Association of Automobile Manufacturers show that 1 in March of this year, China's auto market to 4.61 million sales (wholesale volume) retaining its position as the world's first, up 72% last year , refresh the highest quarterly record. Given the outstanding performance of the first quarter, the industry has annual sales target of 15 million is expected from the beginning raised to 17 million.

Various models showed high growth state Xianchu

The first 3 months of this year, car production and sales record twice monthly to be refreshed, the average monthly production and sales of more than 1.5 million vehicles, all models showed Xianchu high growth state, this can determine the current vehicle production and sales situation still continues last year's rapid growth momentum.

Last year, the car is more than 1300 units of production and sales were ahead of Japan and the United States, for the first time ranked first in the world. Statistics show that first quarter over the same period new car sales in less than three million, the Japanese domestic automobile production and sales volume of about 1.7 million, so China is still a strong lead, and lead to further expansion.

According to 1 February 2010, the national automotive industry for more than 14 266-scale enterprises of major economic indicators Express showed that two months before the rapid growth in car sales and a low base a year ago under the influence of factors, major economic indicators showed a faster growth . 1 to 2 months, total industrial output value of 604.091 billion yuan to complete, up 81%; accumulated industrial sales output value of 598.279 billion yuan, up 83%; realized main business income of 593.301 billion yuan, up 85%; total profits and taxes total amount of 79.783 billion yuan, up by 2.05 times.

Business inventories remain stable

With the rapid expansion of automobile production capacity this year, dealer inventories are gradually improve, even Yaku danger, the wind direction changing market reports continue to emerge. But the China Association of Automobile production and marketing information in the March report, as at the end of March, business inventories cars (not including the retail chain inventory) is 529,400, the whole stable. Inventory situation according to different models, passenger car stock has increased, while commercial vehicles dropped significantly. Inventory 303 900 passenger cars by the end of March, up 34,100 compared with the beginning, which stocks 192,600 cars, 48,100 more than the beginning of increase rose significantly; commercial stocks at 225,500 by the end of March, less than 36,500 in early .

The current monthly business inventories accounted for about one-third of sales, at a reasonable level. However, as in the automotive market may be in the low season, the enterprise to accurately determine the predictability increased striving for a balanced production of good inventory control.

1.6L gradually lower share of the following passenger cars

Another noteworthy phenomenon of the first quarter, the last explosive 1.6L gradually lower share of the following passenger cars. China Association of Automobile Manufacturers statistics show that in March the following passenger car market share of 1.6L and down, sales 870,000, up 28 percent the previous month, lower than the passenger growth rate of 6 percentage points; accounting for passenger cars total weight was 69%, down 3 percentage points, down significantly, and lower than the previous year average. Automobile Association of experts believe that the 2010 policy on the displacement of 1.6 liters and below passenger car purchase tax preferential margins, policy factors driving the purchasing power weakened, but the decline in the proportion of such models will continue remains to be seen.

According to the National Federation of the data by the Commission estimates, a quarter of China's auto market net sales volume, has the equivalent of more than 12% annual growth. "Sales of passenger cars and even better than previous estimates." Rao, Secretary General of passenger cars, said: "We are confident that China's car sales this year will be more than 17 million, an increase of 25%."