The Growth Speed of Auto Industry in 2014 would be 5% at Least

During first 11 months of 2013, the sales volume of auto industry had achieved 198.6 million and the growth rate was 13.53%. It is estimated the volume would be 220 million and the growth rate would be 15% during the year of 2013. The performance of Chinese auto industry in 2013 was quite satisfied after the micro growth for 2 years. But industry analysts are not all optimistic for the trend of 2014.

We had organized a survey about 2014 auto industry. The result shows more than 80% of industry analysts think the growth rate will be 5% to 15%. It means the whole industry is confident for the growth but the rate will decrease. The economic growth and rigid demand make the industry optimistic for growth. But restriction policy and traffic problem will also influence the growth of auto industry.

In accordance with the sales data after the restriction in Beijing, Shanghai and Guangzhou, self-owned brands are influence most. And it is said Tianjin, Dalian and other cities will also release the restriction policy. The performance of self-owned brands is estimated to be unsatisfied.

According to the plan of Chinese government, the fuel consumption should keep decreasing. There are 2 ways to realize the plan, hybrid cars and small cars. It is estimated both models would bring the attention of auto enterprises.