LONDON, August 4: Yesterday, the reporter was informed that some auto companies still recorded unexpectedly high growth in the traditional off-season in July. Analysts believe that this reflects the continued increase in demand in the auto market in China and its optimism for the automotive market this year.
Yesterday, General Motors showed up in China. Statistics show that in July, GM’s sales in China reached 144,593 units, which represented an increase of 77.7% year-on-year, setting a new high for sales in China in July.
Judging from the two joint venture vehicle companies of General Motors, sales of Shanghai General Motors achieved a 60.6% year-on-year increase in July, of which the two core brands, Buick and Chevrolet, both set sales records for January to July this year. The light of the Wuling Group, a joint venture of SAIC-GM-Wuling, a micro commercial vehicle joint venture, still maintains the status of sales championship in the mini vehicle market in China. In July, it achieved 72.7% growth, highlighting the benefit from the reduction of purchase taxes on small-displacement cars and the automobile to the countryside since this year. And the power of trade-in policy.
The local car prices in Guangzhou in July were not to be outdone. Benefiting from a relatively complete product line, Dongfeng Nissan Motor Co., Ltd. took delivery of 53,083 vehicles in July, which is its best history. Including Tianyi, Sylphy and TIIDA broke 10, 000, 10,198 and 15,767 vehicles respectively, setting a new record. In terms of sales volume, Guangzhou Automobile Honda Motor Co., Ltd. recorded a year-on-year growth of 7.41% in July, Accord and Vanguard sales both broken 10,000, and front-end sales increased by 67% year-on-year to 11,506 units.
Annual performance outlook
Market outlook needs to pay attention to rising raw material costs
"The number of GM models in China is relatively large. The above sales performance can be basically understood as that the entire Chinese market will be better in July." Lu Lei, an analyst of Great Wall Securities' automotive industry, told this newspaper that, of course, there is a year-on-year comparison in the "out-of-season" period. The low factor.
In July last year, most car makers lowered their production plans. At that time, national car sales rose slightly by 3.88% year-on-year. In the first half of this year, the Chinese auto market continued to be hot, with mainland auto sales reaching 6.09 million units, 1.29 million higher than the United States, and becoming the world's largest auto market leader.
Lu Lei pointed out that since the beginning of this year, the government has controlled the purchase of buses, and more sales have been digested by individuals. “Under the premise that income is guaranteed, the ratio between the price of the car and the price of the property is not expensive. At present, it is precisely the period when the car is replaced twice. Plus, the auto market has returned to the grand occasion of 2007, that is, the prosperity of the stock market and the property market has driven demand to continue. rising."
He predicts that as long as the entire macroeconomic environment continues to improve, the auto market will not be reversed. In 2009, domestic automobile sales will exceed 11 million vehicles, and the growth rate will eventually fall within the range of 18% to 25%.
Analysts also reminded that in addition to the increase in the amount of attention in the second half of the year, it is still necessary to pay attention to the upward pressure on the cost of raw materials such as steel. Sales will inevitably drive the recovery of car companies' profit, and it is expected that the third quarter profit will grow at a high rate, but whether the cost pressure will lead to a quarter-on-quarter decline in profit remains to be seen.
Guangzhou Automobile's engine output has broken millions.
Another news yesterday, the newspaper learned from GAC Group, GAC Toyota Motor Co., Ltd. has exceeded the machine output of 1 million units, which also marks the cooperation between Toyota and GAC to a deeper level, a higher goal, a wider area of ​​development.
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