The Economic Operation of the Automotive Industry in the First Half of 2012

In the first half of 2012, the overall automobile production and sales market maintained a steady growth. The overall economic efficiency of the auto industry was relatively good. The growth rate of various types of models varied greatly, and the market concentration further increased.

1. The year-on-year growth of automobile production and sales in the first half of the year was 4.08% and 2.93% respectively.

According to statistics of the Automobile Industry Association, automobile production in the first half of the year was 9,529,200, an increase of 4.08% year-on-year, an increase of 1.6 percentage points year-on-year; sales of automobiles were 9,598,100, an increase of 2.93% year-on-year and an increase of 0.4 percentage points year-on-year.

Vehicle sales in the first and second quarters were 4,795,500 and 4,805,600, respectively, which fell 3.89% year-on-year in the first quarter and 10.03% year-on-year in the second quarter. The growth rate in the second quarter was 13.92% higher than that in the first quarter.

In June, 1.5313 million vehicles were produced, an increase of 9.09% year-on-year, a decrease of 2.37% compared to the previous period; sales of 1.577 million vehicles were up 9.86% year-on-year, a decrease of 1.66% from the previous quarter.

(I) The growth of production and sales of passenger cars was 7.87% and 7.08% respectively year-on-year.

In the first half of this year, 7,599,300 passenger cars were produced, an increase of 7.87% year-on-year, an increase of 2.5 percentage points year-on-year, and sales of 7,613,500 vehicles, an increase of 7.08% year-on-year and a year-on-year increase of 1.3%. Among them, the year-on-year sales growth in the first and second quarters were 0.53% and 15.47%, respectively, and the growth rate in the second quarter was 14.94% higher than that in the first quarter.

In the first half of the year, the production and sales of cars were 5,178,800 and 5,230 million. The year-on-year growth in production and sales was 6.02% and 5.54%, respectively, and the year-on-year increase decreased by 1.0 and 2.5 percentage points respectively.

In June, the number of passenger cars produced was 1,258,800, a month-on-month decrease of 0.8%, an increase of 12.20% year-on-year, and sales of 1,284,200 vehicles, a year-on-year increase of 0.2% and a year-on-year increase of 15.77%. Among them, production and sales of 856,600 cars and 886,000 vehicles were down by 3.1% and 0.8% from the previous quarter respectively, and production and sales increased by 4.06% and 10.80% respectively year-on-year.

1. The market share of passenger cars with 1.6 liters or less of displacement has decreased by 2.04% year-on-year

In the first half of the year, sales of passenger vehicles with 1.6 liters or less of displacement were 510.73 million, accounting for 67.08% of passenger vehicle sales, and market share decreased by 2.04 percentage points year-on-year; sales volume increased by 3.92% year-on-year, which was lower than the automotive sales market by 3%. Among them, the sales volume in the first quarter decreased by 4.58% year-on-year, and increased by 14.22% in the second quarter. The growth rate in the second quarter was 18.8 percentage points higher than that in the first quarter.



2. Market share of self-owned brand cars decreased by 3.6% year-on-year

In the first half of the year, the sales of self-owned brands of passenger cars reached 3.5111 million units, which represented a decrease of 0.16% year-on-year, accounting for 41.39% of the sales volume of passenger cars, and the occupancy rate decreased by 3% compared with the same period of last year. Among them, the sales of self-owned brand cars was 1,423,300, a year-on-year decrease of 6.78%; It accounted for 27.21% of sedan sales, which was 3.6 percentage points lower than the same period of 2011 and 4.47 percentage points lower than the same period of 2010.

3. The growth rate of MPV tends to be stable and the SUV maintains rapid growth

In the first half of the year, MPVs and SUVs sold 248,700 units and 939,400 units respectively, which represented an increase of 4.3% and 32.0% year-on-year, and SUVs maintained a relatively fast growth momentum.

(II) The production and sales volume of commercial vehicles decreased by 8.6% and 10.4% year-on-year, respectively.

In the first half of the year, commercial vehicles produced 1.929 million units, which represented a year-on-year decrease of 8.6%, a year-on-year decrease of 14.67 percentage points; sales of 1,984,600 units, a year-on-year decrease of 10.4% and a year-on-year decrease of 14.07 percentage points. Among them, the sales volume in the first quarter decreased by 10.85% year-on-year, and decreased by 10.16% year-on-year in the second quarter.

In June, commercial vehicle production reached 272,500 units, which was a year-on-year decrease of 3.3% and a year-on-year decrease of 9.1%; sales of 293,300 units were down 10.2% year-on-year and a month-on-month decrease of 9.2%.

(III) Market share of large enterprise groups continues to increase

In the first half of 2012, SAMC, Dongfeng, FAW and Changan had sales of more than one million units. Their sales were 2,162,630, 1,634,300, 1,361,100 and 1,005,200 vehicles respectively, ranking the top 10 companies in the sales of automobiles (Group) ) A total of 8,489,700 vehicles were sold, an increase of 4.52% year-on-year; higher than the industry-wide growth rate of 0.44 percentage points. It accounted for 88.04% of the total sales of automobiles, and the sales market share increased by 1.04 percentage points over the same period.

Second, the overall economic efficiency of the automotive industry is better

From January to May of 2012, key enterprises in the automotive industry realized a total of 10.074 billion yuan in main business income, an increase of 5.1% year-on-year, an increase of 4.8 percentage points from January to April, and a total industrial output value of 874.675 billion yuan, an increase of 7.2% year-on-year. The total amount of profits and taxes completed was 172.049 billion yuan, a year-on-year increase of 16.2%.

Third, the rapid growth of automobile imports and exports

From January to May of 2012, the cumulative export of automobiles was 352,800, an increase of 18.4% year-on-year, and the cumulative export value was 5.019 billion US dollars, a year-on-year increase of 38.17%.

From January to May 2010, the cumulative import of automobiles was 512,200, an increase of 31.3% year-on-year; the cumulative amount of imports was US$22.21 billion, an increase of 37.74% year-on-year.