China’s auto goods produced and sales since the first quarter of this year while a new record high, but did not stimulate an advance in company yield, and trade overseas even more serious circumstances, a noteworthy descent in overseas orders.

Domestic: the structural growth of the market

April 13, released by the Association of vapour in March vehicle sales facts and numbers display that the culmination of China’s vehicle sales 1,109,700, the Central than the 34.10 per hundred development, year-on-year development of 5.01%, respectively, coming to the largest grade in the identical time span in preceding years. At the identical time, the first quarter of the total vehicle sales come to 2,678,800, surpassing the United States one time afresh, making China the world’s biggest new buyer market.

In this consider, the rationale of vapour to aid the Secretary-General accepts as factual that whereas the above-mentioned facts and numbers display that the country’s principle function to stimulate the finances extend to be productive, the automobile market has begun to step-by-step choose up, but has not advanced functioning efficiency. This is because the vehicle market is mostly associated to functional development, by the State to boost the little vehicles the principle significances, of which 45% of the vehicle advantage, but the other 55% of the forms are still down.

Association data show that in the vapor, driving the growth contribution of automobile production and sales of the three largest models are cross-type passenger cars, lorries and cars. Cross-type passenger cars is the most important benefit by the policy model, a single ring on the same period last year more than three consecutive months and to maintain growth in the first quarter of year-on-year growth of 34.78 percent, higher than the industry growth rate of 26.97 percent. The first quarter and 1.6 liters displacement following the sale of passenger cars reached 1,411,400, an increase of 21.93 percent, higher than the passenger car industry growth rate 14.12 percent, 70.72 percent market share, higher than 8.19 the same period last year percentage points. 1.6 liters and below the current emission of passenger cars across the board price of a callback, the beginning of the end of last year and this year the dealer price concessions have been rare sight.

But the policy does not benefit the other models the situation is not optimistic, MPV first quarter sales of 46,700 yuan, down 15.47 percent; semitrailer tractors, buses and trucks drop nonholonomic vehicles more obvious, semi-trailer tractor sales down 70% . The same period last year, the 9 categories A total of 5 sub-model cars fell 4 models up there.

January-February enterprises atop designated amount motor vehicle principle enterprise wages of 320.413 billion yuan, up 9.42 out of 100 descent, the yield amounted to 9.879 billion yuan, up 50 out of 100 decline, decline significantly. Steam Association in the 19 key enterprise gatherings of the monetary circumstances in January-February in addition demonstrates this purpose, and decline more than the development average.

GF Securities analyst connected that because of constructive expansion, chiefly displacement 1.6 liters and under the market and cross-type commuter motor vehicles of these two types by the guideline to stimulate expansion, and they all owned by to meager yield yield, charge and yield are quite low.

“The so-called decline in the effectiveness of two, is a loss, there is a decline in profit growth. We hope that the interest rate is higher than sales growth, which indicate the high value-added. But now the auto industry there have been less than ideal shape, that is, the decline in profit growth, but it is not immediately enter the stage of a comprehensive loss. “visit of Deputy Secretary-General of the Association that the Jie Yao, and compared to other industries, the automotive industry has not failed a large number of layoffs to reduce the large number of dealers, production and marketing is still in the relatively stable state.

Exports: trade protectionism

With the in the household automobile goods produced and sales, China’s auto trade overseas, it was an apparent descent continued. Originated in deduced nations the fiscal critical purpose has distribute to arising markets, the two market demand of China’s trade overseas of elements and vehicles producing noteworthy defiance, effecting in a extensive descent in enterprise briefings, and even then no one can.

According to Association of gas statistics, automobile exports during the first quarter this year, 61,000 yuan, down 62.06 percent, the top five exporters are a substantial decline in exports. According to customs statistics, China’s exports in the first two months of this year 40,000 motor vehicles, valued at 630 million U.S. dollars, respectively, fell 49.8 percent and 61.7 percent. One in February for a single month export volume in 2007 the lowest point since the monthly exports.

China’s auto parts export growth has obviously slowed down. Since January 1 this year, the China to improve content and 553 kinds of high-tech mechanical and electrical products with high value-added export tax rebate rate, a number of auto parts products to be included, but not a positive factor for the policy to save the car, such as machinery and electronic trend decline in exports. Data show that the first 2 months, the United States and Europe on China’s auto parts exports decreased 36.4%, 35.9% and 50%. At present, a decrease in demand for emerging markets the situation is not optimistic.

“Great Wall Motor in Russia, were changed in southerly Africa, chiefly the nonexistence of briefings, at the matching time effected in the acknowledgement of the renminbi deteriorating of the competitiveness of their products.” Great Wall Motor Company vice head of selling your business-yu said, “Great Wall Motor’s trade overseas size as long as the first quarter to 1 more than 10,000 vehicles, up more than 40% down. ”

Russia set up the defence of high tariffs and other trade obstacles, influencing nearly all the household automobile trade items enterprises, the Great Wall, Chery, Geely, Brilliance and other significant automobile trade items enterprises, nearly had to stop faced with this one time the biggest trade items market . In detail, as asserted by the General Administration of Customs statistics, from January this year, Argentina, the United States, Russia has determined to originating in China’s automobile motors and other goods made with the differential anti-dumping or countervailing determination.

The end of last month, has one time over been Brilliance China Automotive (ADAC) is bestowed “piecemeal” the collide fiercely investigate effects, but the Brilliance Junjie at the matching time joining in the test of Austria, the Netherlands and Switzerland but the collide fiercely investigate body is bestowed the “Samsung” evaluation results. This is not arduous to observe, in the face of China’s auto trade overseas, ADAC such administration do not deliberately or even play-act as a “trade protectionism” vanguard role.

Increasingly very included global trade surroundings has advanced the annoyance of auto trade overseas, the Commerce Department’s trade overseas trade as the competent sections, has been ushered in evaluates to nurture trade overseas, but the farther distribute of the fiscal critical purpose, as well as the consequence of trade protectionism, these guidelines have so far have little effect. Department of Commerce Office of the Director of the State equipment and using electronics yield, some enticements are too late to play a job, for instance modifications in currency exchange rates, as some problems.

South Africa vehicle import tariffs is 4%, similar to those to countries with lower tax rates for imports and exports of enterprises are the most beneficial, but due to the appreciation of the yuan exchange rate led to changes in the local Chinese products have no competitive edge, and if the local plant was too late.

And on the auto elements trade overseas, the bulk of enterprises as a effect of China’s R & D capability is frail, uncompetitive yield, returning the slow and other elements, this is the constraints of its trade overseas of long-term problem.

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