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Analysis of China's Automotive Industry Market Overview in 2013
Release time:
2017-08-18
According to the China Association of Automobile Manufacturers, from January to November, the total production and sales volume of automobiles nationwide reached 19.99 million and 19.86 million units respectively, representing year-on-year growth of 14.3% and 13.5%. The growth rate increased by 9.8 and 9.5 percentage points compared to the same period last year. In November alone, production and sales reached 2.13 million and 2.04 million units respectively, with growth rates of 21.2% and 14.1%. The market share of Chinese brand passenger vehicles has declined slightly. From January to November, a total of 6.46 million Chinese brand passenger vehicles were sold, an increase of 11.5%, accounting for 40% of total passenger vehicle sales, a year-on-year decrease of 1.3 percentage points. 1.6 liters
According to the China Association of Automobile Manufacturers, from January to November, the total production and sales volume of automobiles nationwide reached 19.99 million and 19.86 million units respectively, representing year-on-year growth of 14.3% and 13.5%. This growth rate is 9.8 and 9.5 percentage points faster than the same period last year. Production and sales in November reached 2.13 million and 2.04 million units respectively, with growth rates of 21.2% and 14.1%. The market share of Chinese brand passenger vehicles has slightly decreased. From January to November, 6.46 million Chinese brand passenger vehicles were sold, an increase of 11.5%, accounting for 40% of total passenger vehicle sales, a year-on-year decrease of 1.3 percentage points. The market share of cars with engines of 1.6 liters or less has slightly increased. From January to November, 7.8 million cars with engines of 1.6 liters or less were sold, an increase of 13.1%, accounting for 72% of total car sales, a year-on-year increase of 1.2 percentage points. Market concentration has increased. From January to November, the combined sales volume of the top ten automobile companies reached 17.58 million units, an increase of 15.2%, accounting for 88.5% of total automobile sales, a year-on-year increase of 1.3 percentage points. Export volume decreased. From January to November, China exported 894,000 vehicles, a decrease of 7.4% compared to the same period last year. Profitability remains good.
In the first ten months, the automobile industry achieved a year-on-year profit growth of 22.4%, with the growth rate increasing by 13.4 percentage points year-on-year. The main business revenue profit margin was 8.19%, an increase of 0.36 percentage points year-on-year; the loss rate of enterprises was 14.48%, a year-on-year decrease of 0.79 percentage points. New energy vehicles are expected to become a new growth highlight, but the overall growth rate of automobile production and sales may moderate. With the continuous and rapid growth of residents' automobile ownership, the pressure on China's energy, transportation, and air quality is increasing, and the number of cities adopting purchase restriction policies is likely to further increase. Next year, automobile production and sales may moderate after this year's high growth. With the promotion and implementation of the development plan for the new energy vehicle industry and the continuous improvement of related public supporting facilities, the new energy vehicle industry is expected to accelerate its development.
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