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Automobile became the first engine driving China's consumer by na b





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Automobile became the first engine driving China's consumer by
Article Posted: 12/31/2010
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Articles Written: 2638
Word Count: 1405
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Automobile became the first engine driving China's consumer


 
Business,Business News,Business Opportunities


  According to the China Association of Automobile Manufacturers statistics, 1-November total, automobile production and sales both break 12.2 million, years, super-stable 13 million, reaching a record high. At the same time, auto sales were very hot. According to the National Bureau of Statistics, the first 11 months, above the national limit wholesale and retail auto retail sales grew 1.5% over the previous year, respectively, over driving limit wholesale and retail sales rose 13.7 percent. Automobile retail sales growth for 10 consecutive months of rising, of which 43.6% increase in October. Automotive industry sell very well, and showed explosive growth over the years do not have.
A variety of factors propelled growth in car sales accelerate
The first factor is that most middle-income class levels of consumption have reached the critical point of car, car consumption has entered the third wave. China's auto industry over the past decade there have been two waves, the first time in 2002-2003, led by the line the city's residents. Beijing, Shanghai, Guangzhou, Shenzhen and other cities, residents can reach a certain level of disposable income, cars began to scale into the home.
The second wave began in 2003, second-tier cities, the provincial capital income reaches a certain level, adding that car owners. Are more second-tier cities, with a total population of nearly 250 million or so. The second wave lasted for four years, until 2008 until the end of the international financial crisis struck, during which the automotive sector and prices have gone up 5-6 times.
At present, China's automobile industry has ushered in a third wave of consumer spending, third-line urban residents began to buy a car. Judging from the international experience, has become a car 3,000 U.S. dollars a critical point. In 2008 China's per capita GDP has more than 3200 U.S. dollars, at present most of the third line the city's residents have in the initial phase of buying a car, great potential. The population of this group there are about 300 million people, the third wave is expected to last more than 5 years time.
The structure of demand from the consumer perspective, to meet the "eat" and "wearing" the basic needs, the "line" needs to raise the standard of living up to key positions. Motor vehicles are all "OK" in the way most convenient and most personalized products, and the most able to meet this demand products.
The second factor is that the high income class cars replace old ones, some families from 1 to 2-3 cars per household. As well as the car driven consumption policies. This year, the state has adopted the reform of fuel duty, purchase tax by half a small displacement cars, cars to the countryside, scrapping subsidies, trade-in and a series of policies to encourage automobile consumption and stimulate the automobile consumption, consumption growth has played a more with less effect.
Other factors, some of the reform of city bus pulling organs and institutions; consumers, competition, conformity consumer behavior, improve the consumer-grade, directly promoting the growth of retail sales; manufacturers and merchants a variety of promotions, increased cost-effective.
Stimulating effect on the economy car more than 10%
Automobile industry in the national economy is in a pivotal position, is determined by its long industrial chain and demand structure in the population in the status decision. Car consumption with industrial production, down to the companies marketing services, industry chain length, radius and give strong impetus on the current response to the international financial crisis and maintain stable and rapid economic growth of great significance.
1, automotive consumer industry chain length, a wide area. According to the data shows that the auto industry to promote steel, machinery, electronics, rubber, glass, petrochemicals, construction, services, etc. 156-related industries. The stimulating effect of automobile consumption range, many levels, and with the social production and people's life closely, you can create a breakthrough point, harvested an effect.
According to the experts predict, China's private car for every increase of 1 million units, GDP would increase 8.88 billion yuan, steel production will be increased by 14.1 million tons, pig iron production increased by 12.3 million tons, crude oil production increased by 2 million tons of glass production will increase 16.7M the weight of boxes, synthetic rubber production increased by 0.1 million tons of tire production increased by 134,000, highway mileage increased 428.8 kilometers.
Automobile consumption for the service industries also have an important leading role. Automotive products requires a lot of ancillary services, auto repair, service, travel, motels, accessories, auto finance, insurance, automotive supplies and so on. It is estimated that car consumption can lead to wholesale and retail trade, storage and transportation, industry and business services, social and personal services and other related services increased by 30-80% of the input.
From the industrial chain of distribution, in the upstream raw material sectors, automotive industry and steel, nonferrous metals, rubber, petrochemicals, plastics, glass and other industries share weal and woe; in mid-stream manufacturing sectors, automotive industry and machinery and electronics, numerical control machine tools, automatic production line, etc. stakeholders; to the upstream and downstream links also with the automotive industry logistics, finance, insurance, marketing, advertising and other services are inseparable. In addition, the amount of car ownership growth in investment demand will drive the expressway, which will stimulate the cement, building materials and other infrastructure industries.
2, auto industry investment has a multiplier effect. 1:10 automobile industry is an industry, that is, a unit of output of the automotive industry could lead the entire national economy and various sectors of the overall increase of 10 units of output. In 2002, the total output value of China's automobile industry crossed the 1 trillion mark, when the country's total GDP, close to 2%; By 2008, the auto industry output value accounts for the proportion of GDP has exceeded 8%, if combined with upstream and downstream sectors led the auto industry in boosting the role of the national economy far more than 10%.
3, car consumption can contribute effectively to the development of the consumer goods market, will ease the employment pressure. It is estimated that the automotive industry to provide a job for every post, on the upstream and downstream industries, employment is 10 to 15.
Create the conditions for vehicles continue to play a strong pull on the economy
In recent years, sustained and rapid development of the national market for consumer goods, the consumption structure of escalation, every 100 urban residents in household car ownership is 1.4 by the end of 2003 to the end of September 2009 of 10.5 and cars will gradually become the main driver of domestic demand growth .
The just-concluded Central Economic Work Conference, established in 2010 will continue to expand automobile consumption policy. For vehicles that consumer policy are: 1, the reduction and the following small-displacement 1.6-liter passenger car vehicle purchase tax policy will be extended until the end of 2010 the reduced rate of 7.5% levied; 2 cars to the countryside policies will be implemented until the end of next year to extend the have been incorporated into the countryside to subsidize channels motorcycle car to the countryside for policy implementation to January 31, 2013. 3, car trade-in amount of subsidies for higher standards of cycling to 5000-18000 yuan.
2010 auto consumption policy as a whole a neutral bias. Auto countryside policy in line with expectations, the purchase of tax policy, half below market expectations, trade-in and new energy vehicles policy, exceeded expectations, and policies in line with national energy-saving emission reduction benchmarks. Strong demand for cars in 2009, based on the 2010 purchase of tax policy is not entirely out of a statement of government on the one hand it is worried that 2010 car sales in 2009 are still found in the overheated situation, on the other hand are also worried that if the policy is completely out, auto sales The declining growth rate faster, so has chosen to levy 7.5% of the policy, while increased trade-in of the amount of subsidies shows that the Government wants the healthy development of automobile industry, do not overheat, on the other hand do not want to to see the policy that led to a sudden out of the industry downturn.

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