With the growth of automobile production and sales in December 2016, both production and sales exceeded 3 million units, a record high. In 2016, China's automobile production and sales also completed the answer of more than 28 million vehicles, which increased faster than the previous year. In addition, China Association of Automobile Manufacturers predicts that China's auto market will grow at a rate of 5% in 2017, and sales will reach 29.4 million units.
In recent years, China's auto market has shown a slight growth trend. In 2016, the high production growth of 14.46% and 13.65% in auto production and sales respectively is indeed a big surprise.
When talking about the characteristics of China's auto market in 2016, Chen Shihua, assistant secretary general of China Association of Automobile Manufacturers, pointed out that due to the promotion factors such as preferential tax policies for purchase and purchase, the monthly sales of Chinese autos were significantly higher than the same period of the previous year except for February. In the trend of “straight upâ€, the overall realization of production and sales is booming. He also stressed: "Chinese cars have an annual production and sales of over 28 million vehicles, ranking the first in the world for eight consecutive years, which has played an important role in ensuring the smooth operation of China's macro economy."
Among the main varieties of passenger cars, sales of SUVs and MPVs grew rapidly. According to the data, in 2016, SUV and MPV sales were 9,047,000 and 2,496,500, respectively, an increase of 44.59% and 18.38%. In comparison, the largest car model in the market has completed sales of 12.14 million, but the growth rate is only 3.44% year-on-year; the sales growth of cross-type passenger cars is down 37.81%.
Chinese brands have made progressUnder the gratifying market results, the market development dividend has also led to a corresponding increase in most countries and models, especially in the performance of Chinese brands, and the market share has further increased. At this point, the occupancy rate of Chinese brand passenger cars has been growing for two consecutive years.
In 2016, the sales of Chinese brand passenger cars exceeded 10 million vehicles for the first time, with a total sales of 10.528 million vehicles, an increase of 20.50% year-on-year, accounting for 43.19% of the total sales of passenger vehicles, and the occupancy rate increased by 2 percentage points over the same period of the previous year. German, Japanese, American, Korean and French passenger cars sold 4,150,300, 3,791,500, 2,946,600, 1,792,200 and 6.4 million, respectively, accounting for 18.50% of the total sales of passenger cars, 15.55%, 12.16%, 7.35%, and 2.64%. Compared with the same period of last year, sales of French passenger cars have declined rapidly, and other foreign brands have increased in varying degrees.
SAIC, Dongfeng, FAW, Changan, BAIC, GAC, Great Wall, Geely, Brilliance and Chery became the top ten companies in terms of car sales last year. Compared with the same period of last year, the sales volume of Brilliance decreased slightly, other companies showed growth, and the growth rate of Geely and Chery was more obvious. In 2016, the above ten companies sold a total of 24,759,900 units, accounting for 88.34% of the total vehicle sales.
5% forecast is not worryingIn accordance with established practice, the China Association of Automobile Manufacturers also predicted the 2017 Chinese auto market. In 2017, China's auto market will grow at a rate of 5%, with sales of 29.4 million units. Among them, passenger car growth rate of 5%, sales will reach 25.7 million; commercial vehicle growth rate of about 2%, sales of 3.7 million.
Chen Shihua believes that the development of the automobile market in 2017 is mainly affected by the following factors: 1. The rigid demand of consumers for automobiles. At present, there is still a big gap between the number of car ownership in China and the developed countries. With the development of the economy and the increase in income, there will still be a lot of room for growth in the future consumption of automobiles. 2. Under the macro economy, the market Ample funds, increased liquidity, real estate development will drive car consumption; 3. Growth potential in third-tier and below markets.
Although the macro environment is supported by many favorable factors, from the growth rate of 13% last year to the expected growth rate of 5% this year, there is no shortage of concerns about market ups and downs. Before the official disclosure of various industrial policies at the end of last year, some industry insiders pointed out that “the car market in 2016 has overdrafted the purchasing power in 2017, and the auto market is expected to fall back in the first quarter of 2017.†Small-displacement policy purchase Policy factors such as the tax new deal, the subsidy for new energy vehicles, and the re-examination of new energy vehicle catalogues will affect the geometry. The market performance in the first quarter may give an answer.
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