Import Vehicle Sales Seeing Rapid Growth
2009-06-05 Source：english.chinabuses.com
Summarize：In the first quarter of this year, China's vehicle import volume reached 650,000 sets, decreasing 37 percent than that in the same period of last year. But license registration volume of imported veh ...
In the first quarter of this year, China's vehicle import volume reached 650,000 sets, decreasing 37 percent than that in the same period of last year. But license registration volume of imported vehicles was 756,000 sets, up 20.5 percent year on year, much better than the former market anticipation. Impacted by many policy factors, the sales volume in China's imported vehicle market in the first quarter of 2009 has grown rapidly, at the same time, the market structure has also changed remarkably, showing the character of policy and structural growth.
In fact, in the first quarter of this year, China's imported vehicle volume has slipped greatly. One reason is that in the end of last year, there were lots of stocks expected to digest in the market. Another reason is that in the forth quarter of last year, the slipping market made vehicle importers reduce their import plans. Additionally, the VIN code on record system implemented on March 1, 2008 also promotes the cardinal number at the same period of last year in a higher level.
And the license registration volume of imp??orted vehicles, which will truly reflect the market demand, has grown rapidly in the first quarter, exceeding the insiders' expectation in the end of last year. The reason why license registration volume of imported vehicles has grown is attributed to the cardinal number of the license registration volume is small, what's more, driven by the relative consumption policies, the consumption confidence can be resumed rapidly; and the increased imported SUVs with the emission capacity below 3.0L has also provide abundant opportunities for consumers.
In the first quarter of this year, China's imported vehicle market showed the character of policy and structural growth. We notice that in terms of vehicle type, the accumulated license registration volume of imported vehicles in the first quarter was 75,622 sets, up 20.5 percent year on year, among which, the accumulated license registration volume of SUV vehicles is 40,889, up 36.2 percent, and the accumulated license registration volume of cars is 28,470, up 5.6 percent year on year. Both the absolute volume and growth rate of imported SUV vehicles are higher than those of cars, and the SUV vehicles' leading position in the imported vehicle market is reinforced further. Additionally, in terms of the emission capacity structure, impacted by the adjustment of consumption tax, the proportion of the imported vehicle with large emission capacity keeps reducing. Before the consumption tax is adjusted on September 1, 2008, such vehicle types with the emission capacity above 3.0L take up 50 percent, and the maximum has reached 51.7 percent while the figure is only 34.4 percent in March 2009. In comparison, the proportion of such vehicles with 1.5L-2.5L emission capacity has increased from the minimum 25.9 percent to 37.9 percent in March. For the imported SUV vehicles, the emission capacity structure has also changed: the license registration volume of such SUV vehicles with the emission capacity below 3.0L in the first quarter was 25,914 sets, up 71.2 percent year on year, among which the compact-type SUV represented by Santa Fe, Forester and Outlander was 17,304 sets, up 66 percent year on year. The accumulated license registration volume of such SUV vehicles with the emission capacity above 3.0L in the first quarter was 14,945 sets, decreasing 0.5 percent year on year, so the slipping trend of such SUV vehicles with large emission capacity is remarkable.
Benefit from China's sustainable favorable policies and resumed consuming confidence, people hold prudent and optimistic forecast on the imported vehicle market in the second quarter of this year. It is estimated that the license registration volume of the imported vehicles in the entire year of 2009 will keep balance to that in 2008.
In allusion to the status-quo and the future development trend of China's imported vehicle market, the imported vehicle operators shall continue the prudent operation and rational order in the entire operation, and keep the relative balance between supply and demand taking retail number as the core basis for decision making; in the vehicle type, adjustment shall be implemented in accordance with the market change, and introduce such vehicle types with reasonable price and emission capacity, so as to answer the market change and more fierce market competition.
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