December 13, Changsha, China Association of Automobile Manufacturers in the '2018 China Automotive Market Forecast Summit' officially released on China's auto market forecast next year report, according to the report of the Association of Automobile Manufacturers show that next year the Chinese auto market will continue to slow down Growth, the annual car sales of 29.87 million, an increase of 3%.
This is already the Automobile Association for the second consecutive year in mid-December release of its forecast for the Chinese auto market the same period last year, held in Changsha, China's auto market forecast summit, the Chinese Automobile Association in 2016 China's auto market 2 (2016 China auto sales increased 13.7% YoY to reach 28.03 million units), the data of 2% -6% growth in 2017 has been successfully predicted. This has aroused strong concern in the industry and even challenges. However, China The automotive market has witnessed the professional value of 'China Automotive Market Forecast Summit' with a year of ups and downs of sales data.
'2017 China Automotive Market Development Forecast Summit' is the industry's high-level market prediction meeting organized by the China Automobile Association for Trade Coordination during the 'Changsha International Auto Show' in mid-December last year, which not only invited representatives from the Ministry of Commerce, Ministry of Industry and Information Technology, National Bureau of Statistics and other ministries and leaders of the macroeconomic development trends, supply-side reform measures, as well as the interpretation of automobile and related policy points; but also to dozens of key automobile OEMs (including many SAIC, FAW, Dongfeng and other large Group) summarized the development of the domestic automobile market in 2016 and predicted the trend of development in 2017. At the same time, experts in the used car market, automobile financial services and other industry experts also explained the relevant issues.After full discussion, last year's At the summit, Xu Haidong, assistant secretary general of China Association of Automobile Manufacturers, released the 2017 market forecast.
Due to last year's accurate forecast, the AAC forecast this year's much-anticipated industry release.Africa Automobile Association on December 13 in Changsha, once again in the '2018 China Auto Market Forecast Summit' was officially released on China's auto market next year Forecast report, for next year's automobile market situation, Xu Haidong said it will continue slow growth is expected to grow by 3%, the overall demand of 29.87 million.
Specifically, for the prediction of China's auto market in 2018, passenger car sales are expected to grow by 3% in passenger cars in 2018, with a sales volume of 255900 units, of which the sales volume of passenger cars is 11.77 million units, down YoY 1%; SUV sales of 11.52 million units, an increase of 11%; MPV sales of 1.79 million, down 11%; cross-type is 510,000, down 7% .For the commercial vehicle market, commercial vehicles in 2018 is expected to grow 2 overall % To 4.28 million units: the sales volume of passenger cars was 470,000 units, down 8% from the same period of last year; and the sales volume of trucks was 3.81 million units, an increase of 3% over the same period of last year.
In addition, with regard to exports, with the continuous development of the Belt and Road initiative and the further recovery in the international market, it is estimated that China's automobile exports will continue to grow in 2018, but the growth rate will decline somewhat. The export in 2018 is expected to reach 106 Million, an increase of about 15% .In the import side, with the transformation of China's economic growth momentum, the domestic M2 growth rate will further slow down, which will affect the release of consumer spending power of imported cars, imported cars are expected to maintain growth in 2018 However, the growth rate will be significantly reduced. It is estimated that the imported cars in 2018 will grow by 4% to 1.3 million units.
As 2017 is approaching, the China Automobile Association said that the sales volume of China's automobiles is expected to reach 29 million units, an increase of about 3.5% over the same period of 2007. 'China's auto sales still maintained a steady growth, with the growth rate showing a cyclical growth over the past 10 years In 2010, 2013 and 2016, both maintained a double-digit growth rate and then entered the adjustment period. As a result, market sales in 2017 are likely to return to a slight increase.
In addition, Xu Haidong said that in 2017, the share of passenger car market in 2016 will be 17% higher than that of 2008, reaching 87%, and the trend of taking stronger traders and weak traders is more obvious. However, due to The growth of commercial vehicles has been resumed in 2017 and it is estimated that the quota ratio for the whole year may be maintained at around last year.