The Chinese automobile market Enter very included interval of modification ?
Profit margins decline in the consumer price index and the high volatility of stock market wealth in a variety of complex economic factors that interfere with, the 2008 automobile market will become a “turning point of the year” or “adjustment year”?
“I look frontwards to that in 2008 the prospects for the automotive development neutral.” Cazenove Asia analyst with the automotive and makeup groundwork June 4 Yerin advised reporters.
Passenger motor vehicles - the worse end of the market consequence
Cazenove Asia, as showed by the written knowledge gave by the Chinese commuter motor vehicle market in the 2007 expansion rate of more than 20% of the instances, the low-end compact motor vehicle (A0 level) for the opposing expansion rate of 11%; compact motor vehicle for the 10% expansion rate . Yerin consider this circumstances will carry on in 2008, the low-end automobile market will be affected.
Yerin think, onto the one hand because the majority of the Chinese car market, car or house, the volume of cars are the primary considerations; onto the else hand, because a lot brands focus onto low-end product rope, engine, safety, etc. technology was not very satisfactory, gasoline consumption has also failed towards reflect the advantages of low cars.
Dongfeng Motor Yerin nice comparison, because within 2008 via 2009, Dongfeng has six towards seven novel listing, but also high-end products onto the platform, there is assistance onto the edges than, salaries per share shall exceed 35%.
Heavy motor truck - perpendicular integration imminent
Yerin looked frontwards to weighty motor truck development in 2008 to about 10 out of 100 complete growth. In her scenery, the agent start in July this year, implementation of the re-Caio Ⅲ emission yardstick guideline will not source clients to pay for in advance. From the purpose of scenery because of the charge advance 4,000 yuan to 5,000 yuan is not many of, a 20-ton cost of cards a month on the unoccupied up to 4,000 yuan to 5,000 yuan.
Yerin at Euro Ⅲ regular recommendations prior towards the implementation of power Weichai temper sale; within the fourth quarter of this year, Euro Ⅲ emission standards for the implementation of the net as soon as bad buying CNHTC.
She said that the Chinese weighty motor truck development a high degree of integration, the apex three financial gatherings accounted for 60% of market share, financial gatherings have vertically integrated supplier capacity. China National Heavy Duty Truck For instance, financial gatherings for instance SAIC Iveco Hongyan motor has its own strategies to do.
It is understood that the Chinese heavy truck, as well as its parent company is China’s largest heavy truck manufacturer, occupies 21% market share. One of China National Heavy Duty Truck 17 percent share of the market share. Weichai Power is China’s largest heavy-duty truck engines and construction machinery engine supplier, the holders of China’s fourth largest heavy truck manufacturers in the majority of the shares. The announcement of bright performance in 2007 and the first quarter of 2008 industry sales growth of 59% of the data, a sharp rise in stock prices of both companies.
Parts - M & secrets
The United States and else grew countries persists towards depress the automobile market of China’s auto branches industry processes many opportunities.
According towards U.S. media reports, General Motors and Ford reported May sales within the United States has plunged significantly. GM collapsed thirty percent, of which 17 percent deteriorate within car sales. Ford sales within May plunged 15.9 percent year-on-year. “The world’s automotive giants would be better towards monitor the Chinese market. Transnational auto companies within previous years, alone introducing the product within China, and already possess the key branches, engines, R & D centers onto the Chinese.” Yelin remarked, “parts manufacturers there shall be many out of a nice opportunity towards go abroad acquisition shall introduce better opportunities. ”
Introduction According to Ye Lin, China’s greatest structure and the ornamental elements manufacturers Minth Group chats in Germany this year, the charge is half of last year, and more will be the acquisition target. Minth Group has procured the first half of 2007 at a forfeit with the United States, into the pitch black at the end of 2007.
“Chinese auto elements enterprises from overseas need to formulate a clear approach, and purpose at divergent steps, in augmentation to deeming the particulars of implementation, for instance, if the closure of restricted factories.” Yelin said.
It is knowledgeable that China’s auto branches industry many fragmented than the car industry, there is many than 5000 branches and fractions manufacturers, independent zero-step-by-step pieces of the living moods of destitute business. CONSULTATION Anbang analyst newly pointed out that foreign investment within the Chinese automotive fractions market has accounted for many than 60% market share, within the car branches industry accounts for many than 80%.