2006 Auto Sales Reached 7.2797 Million Units In China

DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c70405) has announced the addition of “China Stock Listed Auto Companies Report 2006-2007” to their offering.

In 2006, auto sales reached 7.2797 million units in China with a year-on-year rise of 27.32%, and 7.216 million units were sold, up by 25.13% year-on-year. China has been the worlds second largest consumer of automobiles. In 2010, the demand of China automobile market will be between eight million vehicles and nine million vehicles. By then, the automotive yield will be up to ten million units, and the vehicle retention will reach 55 million units or so (40 vehicles per thousand people).

In 2006, motorcycle producers exported 6.4035 million motorcycles to overseas markets, up by 41.11% year-on-year. And the foreign exchange earnings got to US$2.52 billion, a year-on-year rise of 41.35%. The exported motorcycles took 30.11% in the total sales volume in 2006, with a contribution ratio of 52.71% to the growth of the industry. Motorcycle export drove the industry to grow by 10.52 points. In other words, nearly one half of motorcycle sales growth was brought by export growth, so the rapid growth of motorcycle export greatly promoted the growth of industry production and sales. In 2006, the accumulated gross industrial output value of 105 motorcycle producers nationwide was up to RMB85.676 billion, a rise of 18.30% compared to the preceding year. Besides, the accumulated industrial sales value reached RMB 83.963 billion, 17.38% compared to the previous year.

According to latest statistics by China Association of Automobile Manufacturers, the production and sales of automobiles maintained a sound momentum in the first half of 2007. The yield was up to 4.4567 million vehicles, a rise of 22.36% compared to the same period of last year; and the sales stood at 4.3738 million units, up by 23.31% year-on-year. In June of 2007, top ten commercial vehicle manufacturers (Beiqi Foton Motor Co., Ltd., Dongfeng Motor Co., Ltd., FAW Car Co., Ltd., Chongqing Changan Automobile Co., Ltd., Anhui Jianghuai Automobile Co., Ltd., China National Heavy Duty Truck Group, Jinbei Automobile Co., Ltd., Jiangling Motors Corporation, Ltd., Nanqi Group and Shaanxi Automobile Group Co., Ltd.) in China produced 0.1432 million commercial vehicles accumulatively, a share of 66.64% in total sales of commercial vehicles.

In Jan-May of 2007, total profits of key enterprises (groups) in China automobile industry amounted to RMB 23.768 billion, up by 65.81% compared to the same period of last year, the growth rate up 14.49 points compared to Jan-Apr of 2007; pre-tax profits stood at RMB49.895 billion, up by 39.92% compared to the same period of last year, the growth rate up 6.48 points compared to Jan-Apr of 2007.

From the perspective of total profits, most enterprises achieved over 10% growth rate of profits. The profits of SAIC Motor Corporation and FAW Group grew 59.19% and 52.89% respectively, while Jiangxi Changhe Suzuki Automobile Co., Ltd was still to the bad, with more losses compared to Jan-April of 2007.

Under the drive of fast growing automobile industry, China auto parts industry also develops rapidly and its status in global supply chain has been further consolidated. At present, China-made auto parts has marched into OEM market, and shifted from low value added product range to high value added product range. In particular, some independent brands have entered into the international sourcing system.

In 2006, the total output value of China components industry was up to RMB 524 billion, a year-on-year rise of 30%. The figure will reach RMB670 billion or so in 2007. If keeping current production-sales ratio, the sales value will arrive at RMB650 billion or more in 2007. As for the imports and exports, there is a fast growing trend for the exportation of components and a trend of imported products focusing on hi-tech products in 2007. As predicted, the export value of China automobile relevant industries will reach US$15 billion in 2007, with a growth rate of over 30%.

China automobile and relevant industries will develop significantly in the11th Five-Year Plan period (2006-2010) since the State backs up indigenous innovation and the global auto parts industry is transferring into China. There are several development trends in China automobile relevant industries in 2007 and future several years. First, professional advantages of big companies in small industry will enhance the overall competitiveness of local parts enterprises; Second, Chinas exportation of cost-efficient auto parts maintains a fast growth and China auto parts industry is gradually absorbed in the matching system of foreign-funded car makers; Third, local parts enterprises with professional strength seek for more advanced technologies and more market shares by acquisitions and being involved in the global division of labor; Last, with political support from the Government, Cost-efficient local enterprises will invest more into the self-innovation and expand the exportation.

The report gives a detailed study of 49 listed companies in China automobile, auto parts and motorcycle industries with regard to their overall comparison, business performance, operation and investments, etc. Besides, main business composition of those companies and latest market developments are also elaborated in the report.

Companies Mentioned:

Shanghai Automotive Co., Ltd.

Beiqi Foton Motor Co., Ltd.

Harbin DongAn Auto Engine Co., Ltd.

Anhui Jianghuai Automotive Co.,Ltd.

Xiamen King Long Motor Co., Ltd.

Hunan Changfeng Motor Co., Ltd.

Jiangling Motors Corporation, Ltd.

Chongqing Changan Automobile Co., Ltd.

FAW Car Co., Ltd.

Tianjin FAW Xiali Automobile Co., Ltd.

Torch Automobile Group Co., Ltd.

CNHTC Jinan Truck Co., Ltd.

Zhongtong Bus & Holding Co., Ltd.

Anhui Ankai Automobile Co., Ltd.

Shanghai Shenhua Holdings Co., Ltd.

Anhui Xingma Automobile Co., Ltd.

Chongqing Dima Industry Co., Ltd.

Shenyang Jinbei Automotive Co., Ltd.

Jiangxi Changhe Automobile Co., Ltd.

Liaoning SG Automotive Group Co., Ltd.

Dongan Heibao Co., Ltd.

Guangzhou Oriental Baolong Automotive Industry Co., Ltd.

Hubei TriRing Co., Ltd.

Yangzhou Yaxing Motor Coach Co., Ltd.

Zhengzhou Yutong Bus Co., Ltd.

Haima Investment Group Co., Ltd.

Dongfeng Electronic Technology Co., Ltd.

Changchun Yidong Clutch Co., Ltd.

GITI Tire Corporation

AEOLUS Tyre Co., Ltd.

Jinxi Axle Co., Ltd.

Guizhou Guihang Automotive Components Co., Ltd.

Qingdao Yellow Sea Rubber Co., Ltd.

Shanghai Tyre & Rubber Co., Ltd.

Song Liao Automobile Co., Ltd.

Changchun FAW Sihuan Automobile Co., Ltd.

Guizhou Tyre Co., Ltd.

Hubei Bothwin Investment Co., Ltd.

Shanghai Jiao Yun Co., Ltd.

China Jialing Industrial Co., Ltd.

Zhejiang Qianjiang Motorcycle Co., Ltd.

Sundiro Holding Co., Ltd.

Chongqing Zhongshen Power Machinery Co., Ltd.

Jinan Qingqi Motorcycle Co., Ltd.

Nan Fang Space Navigation Science & Technology Co., Ltd.

Chongqing Jianshe Motorcycle Co., Ltd.

Shanghai Forever Co., Ltd.

Shenzhen China Bicycle Company (Holdings) Limited

For more information, visit http://www.researchandmarkets.com/reports/c70405