Shanghai, April 20 (Gasgoo.com) China's vehicle imports and exports both rose in the first quarter of 2010. Despite such an excellent performance, the problems still exist in that China's auto exports have yet to reach the highest export volume posted in 2008, and the weak competitiveness of the export vehicles may cause inventory risk in vehicle imports in the second quarter of this year under the current situation.
Vehicle imports and exports both rose from a year earlier.
According to the statistics released by China Association of Automobile Manufacturers, in March 2010, China's automakers exported 39,500 vehicles, up 49% month on month and 78% from a year earlier, of which the passenger cars and commercial vehicles accounted for 19,800 and 19,700 units respectively, up 52% and 45% over the previous month, and 147% and 39% respectively from a year earlier.
In the first quarter of this year, the top 5 vehicle manufacturers by exports were Chery, Chang'an, Great Wall, Dongfeng and Beijing Automotive with vehicle exports of 16,600, 13,200, 12,200, 9,300 and 7,300 units respectively, accounting for 56% of the total exports and grew by 193%, 64%, 83%, 246% and 40% respectively year on year.
In imports, the China market has also realized a fast growth in the first quarter. According to data released by the China's import auto Trading Co., Ltd., in the first two month of this year, the number of licensed import cars reached 86,000 units, up 79.3%, slightly faster than the growth of the domestically-made vehicles. Among them, the market share of sedans rose to around 40%, and SUV's market share remains more than 50%, from which we can see that the SUV is still the dominant model in the import market.
Problems still exist in vehicle imports and exports.
Analysts said this year's first-quarter exports mainly centered on Eastern Europe, Africa, Southeast Asia markets. It is difficult to enhance the sales in these regions in a short term. Meanwhile, the weak competitiveness of Chinese-brand vehicles will continue.
In view of the customs imports, due to seasonal factors, the imports in January and February are relatively low, maintaining a reasonable level. However, the March imports increased substantially to 85,000 units, plus manufacturers all set high sales goals at the end of last year, which may cause a continuing growth in supply amount. As the inventory of manufacturers and distributors increases, inventory risk may be triggered.
Vehicle imports and exports both rose from a year earlier.
According to the statistics released by China Association of Automobile Manufacturers, in March 2010, China's automakers exported 39,500 vehicles, up 49% month on month and 78% from a year earlier, of which the passenger cars and commercial vehicles accounted for 19,800 and 19,700 units respectively, up 52% and 45% over the previous month, and 147% and 39% respectively from a year earlier.
In the first quarter of this year, the top 5 vehicle manufacturers by exports were Chery, Chang'an, Great Wall, Dongfeng and Beijing Automotive with vehicle exports of 16,600, 13,200, 12,200, 9,300 and 7,300 units respectively, accounting for 56% of the total exports and grew by 193%, 64%, 83%, 246% and 40% respectively year on year.
In imports, the China market has also realized a fast growth in the first quarter. According to data released by the China's import auto Trading Co., Ltd., in the first two month of this year, the number of licensed import cars reached 86,000 units, up 79.3%, slightly faster than the growth of the domestically-made vehicles. Among them, the market share of sedans rose to around 40%, and SUV's market share remains more than 50%, from which we can see that the SUV is still the dominant model in the import market.
Problems still exist in vehicle imports and exports.
Analysts said this year's first-quarter exports mainly centered on Eastern Europe, Africa, Southeast Asia markets. It is difficult to enhance the sales in these regions in a short term. Meanwhile, the weak competitiveness of Chinese-brand vehicles will continue.
In view of the customs imports, due to seasonal factors, the imports in January and February are relatively low, maintaining a reasonable level. However, the March imports increased substantially to 85,000 units, plus manufacturers all set high sales goals at the end of last year, which may cause a continuing growth in supply amount. As the inventory of manufacturers and distributors increases, inventory risk may be triggered.
