(Reporter Shi Baohua) The statistics report released by the National Bureau of Statistics yesterday showed that car production rebounded in November, and the monthly output was the highest since July. Auto companies, on the other hand, have fallen into a passive position of increasing production without increasing income. In November, the profit of the automobile industry continued to drop significantly, and it was already on the verge of a loss in the entire industry. In November, a total of 186,000 sedan cars were produced in the country, a decrease of 5.7% from the same month of last year, and the decline was slower than in previous months. In March of this year, the country’s monthly production of cars reached the highest level of 245,200 units this year, and then began to decline. The monthly output fell to 21.61 million units in June, and fell to 200,000 units in July, dropping sharply to 170,400. From the perspective of sales, sales of national car companies in November increased by 3.7% year-on-year, and sales in the Beijing auto market, which accounted for more than 10% of the country's passenger car market, were still declining. In particular, new car sales fell by more than 30% year-on-year. According to relevant sources in the National Statistics and Public Transportation Division, near the end of the year, car manufacturers have significantly increased their efforts to transfer inventory to dealers in order to complete the annual production and sales targets. In particular, in late November, 12 major auto makers concentrated sales to dealers. With 50% of the monthly production, market sales to end-users have not changed significantly. This will have a negative impact on the improvement of the sales situation next year. In addition, the current end-users are in a state of holding money, mainly because the car price cuts are too fast, and consumers feel that there is no stable price expectation. At the same time, the implementation of the two new policies at the beginning of next year will also affect consumer expectations for vehicle prices: First, the cancellation of import vehicle licenses and import car quotas; the other is the reduction of tariffs. As a result, consumers are expecting declining car prices to decline next year.
Car production rebounded in November, faced industry-wide losses
(Reporter Shi Baohua) The statistics report released by the National Bureau of Statistics yesterday showed that car production rebounded in November, and the monthly output was the highest since July. Auto companies, on the other hand, have fallen into a passive position of increasing production without increasing income. In November, the profit of the automobile industry continued to drop significantly, and it was already on the verge of a loss in the entire industry. In November, a total of 186,000 sedan cars were produced in the country, a decrease of 5.7% from the same month of last year, and the decline was slower than in previous months. In March of this year, the country’s monthly production of cars reached the highest level of 245,200 units this year, and then began to decline. The monthly output fell to 21.61 million units in June, and fell to 200,000 units in July, dropping sharply to 170,400. From the perspective of sales, sales of national car companies in November increased by 3.7% year-on-year, and sales in the Beijing auto market, which accounted for more than 10% of the country's passenger car market, were still declining. In particular, new car sales fell by more than 30% year-on-year. According to relevant sources in the National Statistics and Public Transportation Division, near the end of the year, car manufacturers have significantly increased their efforts to transfer inventory to dealers in order to complete the annual production and sales targets. In particular, in late November, 12 major auto makers concentrated sales to dealers. With 50% of the monthly production, market sales to end-users have not changed significantly. This will have a negative impact on the improvement of the sales situation next year. In addition, the current end-users are in a state of holding money, mainly because the car price cuts are too fast, and consumers feel that there is no stable price expectation. At the same time, the implementation of the two new policies at the beginning of next year will also affect consumer expectations for vehicle prices: First, the cancellation of import vehicle licenses and import car quotas; the other is the reduction of tariffs. As a result, consumers are expecting declining car prices to decline next year.