China Automobile Association released the latest automobile production and sales data on December 9. Statistics show that in the first 11 months of this year, the production and sales of domestic automobiles exceeded 16 million, and it is expected that the annual automobile production and sales will exceed 18 million, ranking the world's largest auto maker and the largest new car sales market.
From January to August, the sales revenue of the auto parts industry reached 1030.8 billion yuan, an increase of 46.2% year-on-year; the total profits of the parts and components industry reached 82.3 billion yuan, an increase of 81.5% over the same period of the previous year.
The rapid growth of the auto parts industry began to attract people's eyes when the production and sales of automobiles became the world’s “first brother†without any suspense. Petrotec, a manufacturer of automotive modified plastics, brake systems for Asia-Pacific, ABS Asia Pacific shares, and Terjia, which specializes in automotive retarders, have recently performed well in the capital markets. According to industry insiders, in the coming 2011, the growth rate of the auto parts industry will exceed that of the entire vehicle company.
December production and sales still have good performance According to statistics, in November, China's automobile production and sales of 1,754,800 and 1,691,100 vehicles, an increase of 13.67% and 10.10%, an increase of 26.11% and 26.86%. From January to November, the cumulative production and sales of automobiles reached 16.001 million and 16.3955 million vehicles, an increase of 33.71% and 34.05% year-on-year.
The reason for the significant increase in car sales in November was analyzed by Zhu Yiping, Assistant Secretary-General of China National Automobile Group, at the end of the year, which was at the peak of auto production and sales. Consumers feared that the related policies on car privilege will be withdrawn next year, and the impact of Beijing's governance blockage plan will be introduced. In November, monthly production hit a record high, with sales being the second highest during the year. From the monthly production trend, the relative strength of this month's output is higher than the same month of 2005-2008, slightly lower than the same month of 2009, so we can judge that the production of this month is still within the normal range. It is expected that the automobile production and sales will continue to perform well in December.
In addition, data from the China Automobile Association shows that auto companies have a normal inventory level. As of the end of November, the inventory of automotive companies (excluding retail stocks) was 60,200, an increase of 58,100 vehicles from the beginning of the month. With the increase in the scale of production and sales, the inventory will increase accordingly. Currently, the overall inventory level is still within the normal range.
From the inventory changes this month, commercial vehicle inventories increased more. The inventory of commercial vehicles at the end of November was 230,600, an increase of 34,500 from the previous month, of which non-integrated trucks and trucks increased by 15,700 and 14,200 respectively.
In the first 11 months of this year, the top 10 auto manufacturers in terms of sales volume were: SAIC, Dongfeng, FAW, Chang'an, BAIC, GAC, Chery, Brilliance, BYD, and JAC.
Rapid growth of parts and components industry In the automotive market in 2010, the performance of the auto parts industry was quite eye-catching. According to data provided by the China Automobile Association, from January to October, auto parts exports were US$32.666 billion, up 44.22% year-on-year.
In the domestic market, the reporter learned that the increase in domestic car sales to promote the increase in parts and components supporting income is the main source of industry growth. From January to August, the sales revenue of the auto parts industry reached 1030.8 billion yuan, an increase of 46.2% year-on-year; the total profits of the parts and components industry reached 82.3 billion yuan, an increase of 81.5% over the same period of the previous year.
In the upcoming 2011, certain segments of auto parts are expected to receive more policy attention. According to informed sources, the "Securities for the Operational Safety of Motor Vehicles", which is expected to be promulgated in 2011, will strictly shut down the vehicle because the heavy-duty trucks in excess of 12 tons were included in the installation of the retarder system for the first time. The addition of equipment is expected to be fully rolled out, and the listed company Terga is expected to benefit from it.
In terms of automotive modified plastics, there will be new breakthroughs next year. KGI Securities analyst Zhang Guo told reporters that the market demand for automotive modified plastics this year increased by 19%. As the country's largest car bumper manufacturer, the three quarterly news of molding technology shows that the company's main business income increased by 37% in the first three quarters. Sales of BMW Brilliance, Shanghai GM, and Shanghai Volkswagen have ensured the rapid growth of the company. At present, orders for a large number of new projects such as Peugeot, Citroen, and Dongfeng Motor's own brands have entered the development stage.
Analyst Li Junkang of Soochow Securities said that in the next five years, the development of the parts and components industry will gradually overtake the entire vehicle, and at the same time, China's auto parts industry will emerge as a leader in the international spare parts market.
From January to August, the sales revenue of the auto parts industry reached 1030.8 billion yuan, an increase of 46.2% year-on-year; the total profits of the parts and components industry reached 82.3 billion yuan, an increase of 81.5% over the same period of the previous year.
The rapid growth of the auto parts industry began to attract people's eyes when the production and sales of automobiles became the world’s “first brother†without any suspense. Petrotec, a manufacturer of automotive modified plastics, brake systems for Asia-Pacific, ABS Asia Pacific shares, and Terjia, which specializes in automotive retarders, have recently performed well in the capital markets. According to industry insiders, in the coming 2011, the growth rate of the auto parts industry will exceed that of the entire vehicle company.
December production and sales still have good performance According to statistics, in November, China's automobile production and sales of 1,754,800 and 1,691,100 vehicles, an increase of 13.67% and 10.10%, an increase of 26.11% and 26.86%. From January to November, the cumulative production and sales of automobiles reached 16.001 million and 16.3955 million vehicles, an increase of 33.71% and 34.05% year-on-year.
The reason for the significant increase in car sales in November was analyzed by Zhu Yiping, Assistant Secretary-General of China National Automobile Group, at the end of the year, which was at the peak of auto production and sales. Consumers feared that the related policies on car privilege will be withdrawn next year, and the impact of Beijing's governance blockage plan will be introduced. In November, monthly production hit a record high, with sales being the second highest during the year. From the monthly production trend, the relative strength of this month's output is higher than the same month of 2005-2008, slightly lower than the same month of 2009, so we can judge that the production of this month is still within the normal range. It is expected that the automobile production and sales will continue to perform well in December.
In addition, data from the China Automobile Association shows that auto companies have a normal inventory level. As of the end of November, the inventory of automotive companies (excluding retail stocks) was 60,200, an increase of 58,100 vehicles from the beginning of the month. With the increase in the scale of production and sales, the inventory will increase accordingly. Currently, the overall inventory level is still within the normal range.
From the inventory changes this month, commercial vehicle inventories increased more. The inventory of commercial vehicles at the end of November was 230,600, an increase of 34,500 from the previous month, of which non-integrated trucks and trucks increased by 15,700 and 14,200 respectively.
In the first 11 months of this year, the top 10 auto manufacturers in terms of sales volume were: SAIC, Dongfeng, FAW, Chang'an, BAIC, GAC, Chery, Brilliance, BYD, and JAC.
Rapid growth of parts and components industry In the automotive market in 2010, the performance of the auto parts industry was quite eye-catching. According to data provided by the China Automobile Association, from January to October, auto parts exports were US$32.666 billion, up 44.22% year-on-year.
In the domestic market, the reporter learned that the increase in domestic car sales to promote the increase in parts and components supporting income is the main source of industry growth. From January to August, the sales revenue of the auto parts industry reached 1030.8 billion yuan, an increase of 46.2% year-on-year; the total profits of the parts and components industry reached 82.3 billion yuan, an increase of 81.5% over the same period of the previous year.
In the upcoming 2011, certain segments of auto parts are expected to receive more policy attention. According to informed sources, the "Securities for the Operational Safety of Motor Vehicles", which is expected to be promulgated in 2011, will strictly shut down the vehicle because the heavy-duty trucks in excess of 12 tons were included in the installation of the retarder system for the first time. The addition of equipment is expected to be fully rolled out, and the listed company Terga is expected to benefit from it.
In terms of automotive modified plastics, there will be new breakthroughs next year. KGI Securities analyst Zhang Guo told reporters that the market demand for automotive modified plastics this year increased by 19%. As the country's largest car bumper manufacturer, the three quarterly news of molding technology shows that the company's main business income increased by 37% in the first three quarters. Sales of BMW Brilliance, Shanghai GM, and Shanghai Volkswagen have ensured the rapid growth of the company. At present, orders for a large number of new projects such as Peugeot, Citroen, and Dongfeng Motor's own brands have entered the development stage.
Analyst Li Junkang of Soochow Securities said that in the next five years, the development of the parts and components industry will gradually overtake the entire vehicle, and at the same time, China's auto parts industry will emerge as a leader in the international spare parts market.
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