Reluctantly disappointing passenger car manufacturers who are full of hope for the "Golden September, Silver and Tenth", the latest statistics show that sales in September are not optimistic. Sales volume of passenger cars and cars increased by -2.6% and -2.4%, respectively, compared to the same period of last year. For the first time, there was a year-on-year negative growth in single-month sales. In fact, the continued downturn in the auto market in September has cast a shadow over the annual growth rate. According to statistics, from January to September, the number of passenger cars sold was 1,629,843, an increase of 16.8%; of which, 1,829,933 cars were sold, an increase of 18.5%, and both figures did not reach the bottom line of 20% for the first time. This year, "stock" has always been the most sensitive word in the automotive industry chain. From the latest statistics, it can be seen that with the continuous reduction of production in the past three months, the inventory of passenger cars dropped to 136,931 at the end of August and dropped to 124,284 at the end of September. Although the work of passenger car manufacturers to clear inventory has already achieved initial results, the pressure is still not small. Jia Xinguang, chief analyst of China Automotive Industry Consulting Co., Ltd., analyzes that on the one hand, automobile companies cut production sharply, on the other hand, it is difficult to stimulate sales through price cuts, and the entire automobile industry chain is under pressure. At a time when prices of some products are still difficult to reduce sales failure, many dealers feel uncomfortable and they are likely to opt out. According to rough statistics, last year, the world's largest car companies and their domestic partners committed a total of more than 10 billion U.S. dollars in order to increase production capacity to about 6 million by 2007. However, the recent slowdown in the automotive market for several months has forced manufacturers to reflect on the multi-billion dollar expansion plan.
National car inventory of 120,000 products is still difficult to sell
Reluctantly disappointing passenger car manufacturers who are full of hope for the "Golden September, Silver and Tenth", the latest statistics show that sales in September are not optimistic. Sales volume of passenger cars and cars increased by -2.6% and -2.4%, respectively, compared to the same period of last year. For the first time, there was a year-on-year negative growth in single-month sales. In fact, the continued downturn in the auto market in September has cast a shadow over the annual growth rate. According to statistics, from January to September, the number of passenger cars sold was 1,629,843, an increase of 16.8%; of which, 1,829,933 cars were sold, an increase of 18.5%, and both figures did not reach the bottom line of 20% for the first time. This year, "stock" has always been the most sensitive word in the automotive industry chain. From the latest statistics, it can be seen that with the continuous reduction of production in the past three months, the inventory of passenger cars dropped to 136,931 at the end of August and dropped to 124,284 at the end of September. Although the work of passenger car manufacturers to clear inventory has already achieved initial results, the pressure is still not small. Jia Xinguang, chief analyst of China Automotive Industry Consulting Co., Ltd., analyzes that on the one hand, automobile companies cut production sharply, on the other hand, it is difficult to stimulate sales through price cuts, and the entire automobile industry chain is under pressure. At a time when prices of some products are still difficult to reduce sales failure, many dealers feel uncomfortable and they are likely to opt out. According to rough statistics, last year, the world's largest car companies and their domestic partners committed a total of more than 10 billion U.S. dollars in order to increase production capacity to about 6 million by 2007. However, the recent slowdown in the automotive market for several months has forced manufacturers to reflect on the multi-billion dollar expansion plan.