China's auto market ushered in a new "starting point" annual production and sales target up to 11 million

Every trainee reporter Chen "" N? From Beijing this morning, the sixth annual Changchun Automobile Industry Exposition will be officially opened in Changchun, the birthplace of China's automobile industry. After last year's decline in auto sales, the Chinese auto market has been bucking the backdrop of the financial crisis.　　Data from the Association of Automobile Industry show that the first half of China's auto market sales reached 5.99 million and 6.1 million respectively, the year-on-year increase of 15.22% and 17.69%.　　Recently, a large number of auto companies gathered in Changchun, the starting point of China's auto industry, for the second half of the recovery after the start to get ready, the Chinese car market in the "starting point" of the recovery of the meaning arises. The industry is showing signs of recovery. Dongyan, secretary general of China Auto Industry Association, said in the first half of the auto production and sales conference that it would increase the annual forecast of 10.2 million vehicles to 11 million vehicles.　　This iconic figure has made 2009 an important node in China's automotive industry. "Better economic conditions and timely policies are the main reasons for the upturn in the auto market," Dongyan told the Daily Economic news reporter, "in the second half of the auto finance, mergers and acquisitions, with the new policy further implementation of the situation, we believe that the second half will continue the momentum of the first half of the year to break through 10 million vehicles around the corner." "The data show that in the promotion of favorable policies, the passenger car's galloping forward directly led to the auto market sales rose." China Auto Industry Association data show that the first half of this year passenger car sales 4.5338 million units, an increase of 25.62%.　　Commercial front June sales also reached 1.565 million vehicles, only a slight decline compared to 1.57 million vehicles last year, to achieve a basic flat.　　Dongyan explained that the passenger car production and sales are policy-driven, and commercial vehicle performance is surprising, January-June this year, the commercial vehicle market achieved a year-on-year positive growth, and has been the chain of positive growth, indicating that the economic situation is improving. "What I would like to see is that the auto industry's output and profit declines continue to narrow, and January-June sales and profits, although not yet counted, are expected to achieve positive growth," Dongyan told reporters, "the first half of the production and sales show that China's auto market is gradually getting better." "Under the multiple factors, the industry is expected to fully recover in the second half of the year," The Great Wall Securities analyst Lu Lei that the auto industry in November 2008 ~2009 January between the completion of the construction stage, and then in the national policy stimulus and just need to push, sales continue to climb, back into the upward cycle.　　And the recovery of the vehicle industry will drive the parts industry continued to rebound and strengthen, passenger car and related accessories industry 2009 will return to the rising cycle. Blind increase in production or adverse effects China's economic development to promote the Chinese auto market to maintain a faster growth, but Dongyan to the second half of the car's judgment but cautious optimistic attitude. "China's cars are in good condition, but not the first in the world. China's automotive industry, whether the whole or the enterprise, in the technical strength, operating experience, brand strategy and other aspects of the carThere is still a gap between industrial powers.　　"Dongyan said. Total, director of information resources at the National Clearing House, also believes that from the first half of the sales data, China's auto market to replace the United States as the world's first has been a few suspense, but the position of China's largest car market is not stable, our transcendence is on the basis of others to complete the fall, the Chinese auto market to really bigger and stronger,　　It will take at least four or five years. Zhang Xin, a researcher at Guotai Securities Research Institute, saw that some companies ' profit growth was not proportional to sales growth, and that the "increase in production does not increase" became a common problem.　　Since April this year, Ms Zhang says, companies have been reversing the "increase in output" situation, which has been rising in profit margins for several months. Independent auto Analyst Zhong Shi that the increase in capacity and the pressure of the year-end impulse will trigger a price war in the second half of the year, which could again affect the profitability of the company.　　This year's market from now on, breakthrough Chiwan is not a problem, but this year the market is mainly rely on the policy of the "visible hand", it will bring some of the early release of demand, next year, if the stimulus policy cancellation, may bring about the market decline. Chen, Under-Secretary-General of China's Auto Circulation Association, also believes that there are signs of recovery, but it is still too early to talk about a comprehensive recovery because the global economic situation is still grim and China's economy is hard to insulate itself. "The current policy-led consumption explosion is not conclusive, so the company blindly increase production capacity on the market may have adverse effects." "Chen said.