·In October, small-displacement passenger car sales increased significantly
Stimulated by the new taxation policy, the auto market recovered in October. According to the data of the China Automobile Association, the sales of automobiles in October reached 2.216 million, an increase of 11.79% year-on-year. The output also ended the year-on-year decline. The industry believes that the new purchase tax policy introduced at the end of September has played an important role in the overall warming of the auto market. Great Wall Motor, SAIC, Changan Automobile and other listed companies have benefited significantly. Purchase tax new policy to boost the car market According to the data of China Automobile Association, the production of automobiles in October was 2,188,700 units, an increase of 15.54% from the previous month and an increase of 7.06% year-on-year; sales of 2,221,600 units, an increase of 9.72% from the previous month and an increase of 11.79%. After the car sales in September fell for the fourth consecutive month and rebounded slightly, the whole line rebounded in October, and the car sales also ended the continuous year-on-year decline. Among them, passenger car production in October was 1,891,700 units, an increase of 17.21% from the previous month, an increase of 8.06%; sales of 1,936,900 units, an increase of 10.60% from the previous month and an increase of 13.34%. Commercial vehicle production was 289,900 units, up 5.64% month-on-month, up 0.91% year-on-year; sales were 284,700 units, up 4.06% quarter-on-quarter and 2.29% year-on-year. The China Automobile Association pointed out that the new purchase tax policy introduced at the end of September played an important role in the overall warming of the automobile market. The passenger cars with a displacement of 1.6 liters or less accounted for nearly 70% of the total passenger vehicle market. From the statistics, it can be seen that the passenger cars of 1.6 liters and below have a driving effect on the entire automobile market. The China Automobile Association pointed out that the sales of passenger cars of 1.6 liters and below in October were 1,336,200, an increase of 16.3% over the previous month, which was higher than the overall growth rate of passenger cars by 5.7 percentage points, an increase of 17.1% over the same period, higher than the overall passenger car. The growth rate was 3.8 percentage points, and this month has become the fastest growing month for this year. In October, passenger cars with 1.6 liters and below accounted for 69% of passenger car sales, an increase of 3.4 percentage points from the previous month. Listed car companies rebounded With the sales of passenger cars of 1.6 liters and below, the car companies are prosperous and rainy. Judging from the production and sales express reports released by passenger car listed companies, it achieved a sharp recovery in October. Among them, 1.6-liter and below passenger car models accounted for a relatively high number of listed companies such as Great Wall Motor, SAIC, and Changan Automobile. Take Great Wall Motor as an example. In October, the company sold a total of 80.292 million vehicles, an increase of 13.79% year-on-year. The growth rate was 10.7 percentage points higher than that in September. Among them, the sales of the main models of the 1.5T Haval H6 and Haval H2 reached 37,541 and 16,785 respectively, up 23.6% and 43.73% respectively. In particular, the classic model Haval H6, with 90% of its sales of 1.5T, regained its rapid growth before June. SAIC Group, which accounted for 75% of passenger car sales of 1.6 liters and below, achieved a total of 515,071 vehicle sales in October, a year-on-year increase of 13.02%, an increase of nearly 12 percentage points from September. Changan Automobile, which accounted for 78% of passenger car sales of 1.6 liters and below, achieved a total of 244,827 vehicle sales in October, a year-on-year increase of 12.02%, which significantly reversed the year-on-year negative growth in sales in September. Among them, Changan Ford sold 81,322 vehicles in October, and its sales volume was second only to January this year, the second highest in history. At the same time, related parts and components listed companies have also benefited a lot. Take Dongan Power, the largest manufacturer of micro-car engines in China, for example. In October, it sold a total of 17,211 engines, a year-on-year increase of 158.81%. The shareholding company Harbin Dongan Automobile Engine Manufacturing Co., Ltd. sold a total of 28,944 engines in October, an increase of 31.48%. In the third quarter of this year, passenger car sales continued to decline, and the performance of passenger car companies were affected to varying degrees. Among the 11 passenger car listed companies, Haima Automobile, FAW Car, *ST Xiali, Jinbei Automobile, Yueda Investment lost money, Great Wall Motor, Changan Automobile, Lifan shares net profit fell year-on-year. Only BYD, SAIC, and Guangzhou Automobile Group have the positive growth in net profit. With the sales of passenger cars of 1.6 liters and below, the fourth-quarter performance of passenger car listed companies is expected to resume growth. 5Ton loader is widely used in highway, railway, construction, port, mine and other construction works of earth and stone Construction Machinery, which is mainly used for loading and unloading soil, gravel, lime, coal and other bulk materials,it can also make light shovel digging operation of ore, hard soil, etc. with the advantages of fast operating speed, high efficiency, good mobility and easy operation. 5T Wheel Loader,5T Front End Wheel Loader,5T Mini Wheel Loader,Construction Machinery 5T Shandong Shantui Construction Machinery Import & Export Co.,Ltd. , https://www.shantuiglobal.com