How big is the impact of the Tianjin explosion on the auto market? Nearly million vehicles damaged, import and export suspension

The world's fourth-largest port, Tianjin port, has suspended all import and export operations as a effect of the explosion. In this process, the logistics company's capacity deployment will be the key to evaluate the impact of the explosion on the automotive industry.

The first weekend after the explosion, employees at the FAW-Toyota Teda Plant received a notice of an extension of the 3-day holiday, and employees at the Xiqing plant, about 70 kilometres from the blast site, were also notified of the discontinuation, as they needed the parts provided by the Teda plant. Relative to FAW Toyota, other auto companies that rely on Tianjin Port are rapidly switching ports and reducing their impact quickly.

　　FAW Toyota's capacity affected

For FAW Toyota, which won the market in July, the explosion may have missed the "victory" opportunity. The speed of repair of the Teda factory determines FAW Toyota's sales volume throughout the year, which in turn affects the development of Faw Xiali's performance.

FAW Toyota Teda Plant, Tianjin Binhai New area, was most affected by the explosion. After factory production was affected, FAW Toyota's Xiqing plant, located 70 kilometres away, was temporarily shut down for three days until August 19, as the production line needed parts from the Tianjin development Zone.

It is reported that Tianjin FAW Toyota Motor Co., Ltd., FAW Toyota Technology Development Co., Ltd., Tianjin FAW Toyota Engine Co., Ltd. are affected by the explosion, plant, workshop, office buildings inside and outside the damaged seriously.

According to the National Passenger Car Market Association ("Federation") data statistics, in July, FAW Toyota completed new car sales of 62,333 units, an increase of 13.3%, the month sales rose to the fifth place in passenger car sales. Among them, the company's best-selling Corolla, Vios and other models are in the most damaged Tianjin Teda plant production, these two models almost contributed to FAW Toyota sales in China two-thirds. According to statistics, July brand new corolla sales of 27,000 units, vios sales of 12,900. In addition, the Xiqing plant also produced 3,722 crowns.

Logistics is the key

Throughout the 2014, through the Tianjin port imported to the domestic car as many as 50余万辆, accounting for nearly 40% of the total imports of vehicles, the average daily nearly 300 parallel imported vehicles out of the country.

After the explosion caused the loss of nearly 10,000 vehicles, a number of car companies in the communication with reporters stressed that the inventory car was blown up, the impact on the market is relatively small, the current terminal market price stability. Has coordinated the Guangzhou, Shanghai and other ports to do the follow-up vehicle import business, in order to meet the market follow-up demand.

This reporter and end-consumer communication also learned that, in view of the first half of the import car market overall downturn, the majority of dealers have a more adequate source of car reserves. According to the China Automobile Circulation Association, the stock index of imported vehicles has been on the cordon for January-June, with the stock index of June being close to 3.

However, in addition to the whole vehicle import, Tianjin port is also a key port for the import of major parts in north China, such as engine, gearbox and so on. The head of a joint venture told the Reporter: "This is the same as the import car market, the car market in the context of a higher overall inventory, some core parts supply is insufficient, short-term will not affect the entire market, in the long run, the whole vehicle can choose Dalian, Qingdao and other neighboring ports can also meet the needs of the domestic market. "

In this process, the port was suddenly adjusted to Shanghai and Guangzhou, the biggest challenge is the logistics enterprises, it to meet the requirements of the large import car enterprises, but because of temporary transfer, the future is not sure.

How big is the impact of the Tianjin explosion on the auto market? Nearly million vehicles damaged, import and export suspension