综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Industries

A danger zone for China's auto inventories?

(Xinhua) Updated: 2012-08-28 10:27

BEIJING -- China's automakers have seen high automobile inventories over the past six months, prompting many to worry whether the country's car industry is facing a crisis.

According to information published online earlier this month by the China Automobile Dealers Association, the comprehensive inventory index of automobile dealers reached 1.98 in June, up from 1.88 in May.

According to international auto industry practices, a normal inventory index should stay between 0.8 and 1.2, with 1.5 as the warning level. The monthly indices of the first half of this year, except January, have all surpassed 1.5, the CADA said.

Statistics from the China Association of Automobile Manufacturers show that the industrial inventory of domestic automakers stood at 736,300 units by the end of July, up by 47,700 units month on month.

Industrial insiders said the industrial and commercial inventories of domestic automakers are currently at about 2.5 million units.

China's auto industry has expanded into a pillar of the national economy during the past decade, and the sector witnessed explosive development from 2008 to 2011.

Zhang Haoju, a senior car dealer, said the industry recorded annual growth of over 30 percent from 2009 to 2011, and the annual growth in the luxury vehicle market reached 40 percent during the same period, leading some of the world's auto giants to move their production lines to China.

However, the industry has been undergoing a slowdown since the second half of 2011, and many brands have seen dwindling sales, Zhang said.

The industry growth slowed following China's economic slowdown, as the country's GDP growth waned for six consecutive quarters to 7.6 percent in the April-June period, marking the weakest gain in three years.

According to a CAAM report, in the first six months, sales of commercial vehicles slumped 10.4 percent from the same period in 2011, suggesting unusually weak industrial activity.

Some experts, however, remain positive about the current situation, seeing the high inventories as a temporary issue.

Dong Yang, vice president of the CAAM, said inventories of imported automobiles are much higher than that of domestic automobiles, and domestic car inventories will drop in August, since many companies will cut production due to summer holidays.

Luo Lei, deputy secretary-general of the CADA, said the upcoming peak season for car sales during September and October will probably bring the country's auto inventories down to a reasonable level.

Experts warned that despite the high inventory, China's auto industry also faces some other difficulties such as high fuel prices, high tolls and a lack of parking spaces, which have increased the invisible costs of car ownership.

Zhang Xiaoyu, president of the Society of Automotive Engineers of China, said that in order to foster a strong auto industry, the country should further explore its rural car market, improve self-innovation capabilities, increase the production of electric and new energy cars and restructure the industry to form some large-scale enterprises.

Hot Topics

Editor's Picks
...
苏州市| 绩溪县| 天柱县| 南京市| 平凉市| 肇源县| 重庆市| 霞浦县| 高安市| 惠来县| 明溪县| 肥城市| 石泉县| 长治县| 连平县| 津南区| 密山市| 砚山县| 富川| 彰化市| 积石山| 忻城县| 松溪县| 勃利县| 澄迈县| 岢岚县| 青海省| 内黄县| 自贡市| 河东区| 五寨县| 石门县| 彭州市| 滕州市| 阿拉善盟| 五原县| 常州市| 九台市| 青田县| 南靖县| 佳木斯市|