The SASAC Information Center recently released news that through statistics on state-owned key enterprises in 13 auto industries from January to April of this year, as of the end of April, the inventory of auto finished goods rose by 27.9%.
The news of the increase in the inventory of cars announced this time has caused car manufacturers to feel overcast, like a repeat of last year. On June 19 last year, the Industrial and Commercial Affairs Department of the National Bureau of Statistics Jiang Yuan disclosed at a press conference that "the current car inventory has risen by more than 30% from the beginning of the year." Since the momentum of rising inventories last year has already occurred, the base figure for car inventory announced this year has undoubtedly expanded a lot.
According to the information released by the SASAC Information Center, from January to April, 13 major state-owned key enterprises in the automotive industry completed industrial output value (current price) of 147.76 billion yuan, an increase of 24.2%; and realized main business income of 156.98 billion yuan, an increase of 19.9%. Revenue growth lags behind production growth by 4.3 percentage points. The production and sales ratio was 93.4%, down two percentage points year-on-year. The most important data is that, as of the end of April, the total value of finished goods inventory of autos was 14.21 billion yuan, an increase of 27.9%. Some experts believe that the increase in inventory will force companies to adopt price cuts.
- The first interviewee: Guo Yuwen, Minister of Automobile Market Information Department, Asian Games Village: At present, it is an indisputable fact that auto inventories have risen. As the Asian Games Village auto trading market, does Beijing feel the pressure of auto sales?
A: As a sales market, I am not very clear about the amount of factory inventory. The reason they have stock in stock is because the expectations of the market were too high at the beginning of the year, but the sales result was lower than they expected.
Question: Will the series of price reduction measures for various models this year be related to the excessive inventory of manufacturers, and how will the sales volume of the Asian Games Village automotive trading market be stimulated by price cuts?
A: This year's car price cuts are related to the inventory in the hands of manufacturers. Price reduction is a stimulus. However, due to continuous price cuts, next year the car will cancel import quotas, so consumers have the phenomenon of holding money to buy, and have a certain impact on the Asian Games Village automotive market sales. From the situation in the first half of the year, the sales volume this year and last year were the same. From a broader perspective, sales in the second half of this year are not very optimistic.
Q: Will the drop in the number of cars by one or twenty thousand this year not occur? Will price reductions restore the market?
A: I think the car price reduction will continue in the second half of the year. I think the fundamental way to reduce inventory is to reduce production.
- Text/Reporter Fan Haitao - News Links -
This year, some of the price reduction models on January 5, Shanghai General Motors Sail launched a new series of 04 models, 5 models down 10,000 to 11,000 yuan.
On February 1, Beijing Jeep Mitsubishi Pajero SPORT products adjusted prices.
On February 15th, FAW-Volkswagen 1.6-liter basic model reduced the price by 15,000 yuan, and the 1.6-liter comfortable model reduced the price by 12,000 yuan.
On Feb. 27, the price of Dongfeng Citroen’s main model, the Fukang series, was adjusted. The price cut ranged from 8,000 to 14,000 yuan, of which 04 Beverly New Freebies took the lead in breaking the psychological price of 80,000 yuan to reach 79,800 yuan.
On March 1, the scenic surf SUV of Beiqi Futian was lowered by 5,000 yuan.
On March 3, ZTE Automotive fully adjusted the price of its products. The maximum adjustment was 20,000 yuan, and the price adjustment was as high as 18%.
On March 15, Beijing Hyundai Sonata saw a maximum drop of 15,000 yuan. On the same day, Hainan Mazda 03 Fumei to 1.8 liter automatic car price cuts.
On March 18th, Nanjing Fiat made a substantial price cut, with an average price reduction of more than 10,000 yuan.
On April 1st, the southeast car company Lingshao and Fulika reduced their prices.
On April 13, Changan Ford Fiesta lowered its price.
On May 17th, Shanghai General Motors Co., Ltd. lowered the price of high-end cars.