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Domestic auto output surpasses 10 mln units
Last Updated(Beijing Time):2009-11-17 14:46
By Tong Na and Chang Yanjun

The annual auto output has exceeded 10 million units, which indicates China's auto industry has become an important part in the global auto industry. In terms of no matter the market scale or industrial maturation degree, China's auto industry has upgraded greatly, which is the achievement of the reform and opening-up policy and China's persistence of independent development in auto industry.

What we shall see is that along with the gradual expansion of the scale in auto industry, the influence of autos in national economy has risen increasingly, and the driving force to the economy is more evident. However, the economic rules tell us that after the market scale has developed to a certain extent, the increment will be less and less.

China's auto industry has entered a new stage, 10 million sets is a key node of the change from quantity to quality. The future road of China' s auto industry is to seek for how to develop from big to powerful, as for which, the most important is to elevate capability. There is still a long way to explore in terms of the capability of independent innovation, the basic development of component industry, related industries' support to auto industry, and the capability in modern manufacture service industry.

On October 20, a Jiefang-branded heavy truck J6 was driven out from the production line slowly. It is just the place that the first auto in the early establishment of China's auto industry was driven out 53 years ago. 53 years later, China's annual auto output breached 10 million sets, which indicates that China becomes the third country with the annual auto output exceeding 10 million sets next to the U.S. and Japan.

The data from National Bureau of Statistics in China shows that in September the industrial added value in China's transportation equipment manufacturing industry increased by 25.9 percent year on year and 13.6 percent year on year from January to September, and both of the growth rates have kept ahead of the nine key industries, for example, black metal industry, universal equipment industry, etc. The great increase of the industrial added value reveals that the industry has recovered persistently since the beginning of this year, especially the recovery tendency in September was more rapid. Among which, the prosperity degree of auto industry has recovered rapidly since the beginning of this year, and the auto industry has become a leading role in driving the recovery of the whole transportation equipment manufacturing industry.

The auto production and sales volume has kept at around 1.1 million sets monthly for 4 consecutive months after it broke through 1 million sets in March, especially in September, the production and sales volume exceeded 1.3 million sets, hitting a new historical record. According to the prediction of China Association of Automobile Manufacturers(CAAM), China's aggregated auto production and sales volume will reach 12 million sets this year, accordingly, China will become one of the global auto powers and be expected to become the largest market in the world. Zhang Xiaoyu, Vice Chairman of China Machinery Industry Union expressed that China has reached the annual output of 10 million sets, advancing two months in realizing the production and sales target set in the beginning of 2009.

Independent innovation wins development vigor

Since the beginning of this year, China's auto market has kept a rapid growth. The output and the sales volume created a new record in September, the aggregated volume in both production and sale have overtaken that of the whole last year. In accordance with the statistics of CAAM, in this September, China's auto output and sales volume have taken on the characteristic of peak season evidently. Both the output and the sales volume of the month have exceeded 1.3 million sets with a sharp year-on-year increase. From January to September, both the output and the sales volume of autos have surpassed 9.6 million sets, exceeding that of whole 2008. The passenger car vehicle(PCV) market presents an explosive growth. In September, the output and the sales volume of PCVs reached 1.0261 million sets and 1.0151 million sets with the respective year-on-year growth rate of 84.71 percent and 83.62 percent. From January to September, the output and the sales volume of PCVs reached 7.1559 million sets and 7.2415 million sets with the respective year-on-year growth rate of 37.93 percent and 41.90 percent; the sales volume was 485,900 sets more than whole of last year with the year-on-year increase rate of 30.54 percentage points. Among the major species of PCVs, the increase rate of cross passenger cars ranked first, the sales volume of which is 1.4234 million sets, up 72.47 percent year on year, and the increase rate is higher by 58.92 percentage points than the same period of last year; the basic PCVs(cars) has also increased rapidly, the sales volume of which is 5.2098 million sets, up 37.49 percent year on year, and the increase rate is higher by 27.30 percentage points than the same period of last year.

In the field of commercial autos, the market keeps improving. In September, the output and the sales volume of commercial autos reached 336,000 sets and 316,700 sets, up 63.03 percent and 61.67 percent year on year respectively. From January to September, the output and the sales volume of commercial autos reached 2.4568 million sets and 2.4212 million sets, up 17.35 percent and 15.59 percent year on year respectively.

From January to September, the top ten automakers in terms of sales volume are as followed: SAIC Group, FAW Group Corporation, Dongfeng Motor Corporation, Chana Auto Co., Ltd, Beijing Automobile Works, Guangzhou Automobile Industry Group Co., Ltd, Chery Automobile Co., Ltd, China Aviation Automobile Industry Co., Ltd, BYD Company Limited and Shenyang Brilliance Jinbei Automobile Co., Ltd. From January to September, the total sales volume of the above-mentioned ten enterprises is 8.2138 million sets, taking up 85 percent of the total sales volume nationwide. What deserves to be mentioned is that the PCVs with self-owned brands has ranked first in the market share stably this year with the sales volume of 3.1977 million sets, up 57.42 percent year on year and taking up 44.16 percent of the total PCV sales volume. Especially Chery Automobile Co., Ltd, the leading self-branded automaker, has always been maintaining a high growth. Its sales volume in the first three quarters of this year is 337,600 sets, occupying 4.7 percent of the total PCV sales volume across China with the year-on-year growth rate of 22.4 percent. The sales volume has finished 80.6 percent of the whole-year target, ranking first in the total sales volume of self-branded autos firmly. Especially in September, the monthly sales volume of Chery autos was 51,453 sets, up 28.2 percent month on month and soaring 110 percent year on year. What's more, BYD created a new record with the sales volume of 44,070 sets and became the self-branded automaker with rapidest growth rate.

Additionally, in accordance with CAAM's analysis on the main economic index of the up-scale enterprises in auto industry from January to August of 2009, driven by the rapidly enhanced growth rate of auto output and sales volume, various main economic indexes in the industry stops declining and takes on increasing, among which, the growth rate of both prime operating revenue and total profit have surpassed two digitals, showing a favorable economic operating performance. From January to August, the aggregated prime operating revenue in auto industry is RMB 1,890,582 billion yuan, up 10.27 percent year on year; the profit reaches RMB122.329 billion yuan, up 17.57 percent year on year.

The trading volume of second hand autos keeps growing. Statistics of China Automobile Dealers Association shows that the trading volume of second hand autos in all areas of China has increased in various degrees in August. The total trading volume of second hand autos in 31 provinces, autonomous regions and municipalities was 278,200 sets, up 6.33 percent month on month. The total trading volume of second hand autos nationwide from January to August was 2.0595 million sets, up 25.29 percent year on year; the trading amount of second hand autos has increased by RMB23.403 billion yuan than that in the same period of last year, reaching RMB92.568 billion yuan with the year-on-year increase rate of 33.84 percent; the average trading price of second hand autos has reached RMB44, 900 yuan, up 6.65 percent than that in the same period of last year.
Source:CE.cn 
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