In July, the growth rate of imported cars slowed down. Parallel imports are still strong

In July, China’s auto imports amounted to 98,000 vehicles, a year-on-year increase of 3.1%, and the adjustment trend was obvious. Wang Cun said that after two consecutive months of high growth, the growth rate of imported vehicles slowed in July.

In the first 7 months, China had a total of 95,000 parallel imports of automobiles, an increase of 47% over the same period of last year. Wang Cun said that this year's parallel import can maintain such a high growth rate, mainly due to a number of favorable policies that prompted more operators to enter the parallel import business, and many brands are also doing promotional activities. In addition, the relatively large after-sales problems faced before the parallel imports are gradually resolved.

Recently, the China Automobile Dealers Association released data showing that in July, China's auto imports amounted to 98,000 vehicles, an increase of 3.1% year-on-year, and the adjustment trend was obvious. From January to July, cumulative imports were 67.8 million, an increase of 18.2% over the same period of last year.

Wang Cun, director of the Import Vehicle Professional Committee of the China Automobile Dealers Association, said that after two consecutive months of high growth, the growth rate of imported vehicles slowed down in July; overall, the growth rate of imported cars from January to July is comparable to 2015 and 2016. The amount of imports for two consecutive years is the adjustment made by the manufacturers according to their own stock situation.

In terms of sales volume, imported vehicles sold 70,000 vehicles in July, a year-on-year decrease of 0.4%; cumulative sales of imported vehicles from January to July totaled 507,000, an increase of 3.2% over the same period of last year. Terminal demand continued to grow steadily. In Wang Cun’s opinion, the sales volume of imported vehicles decreased slightly in July, mainly due to the slight fluctuations in the basic slow-moving sales of Cadillac SX and other models, but the overall trend remained positive.

Affected by this, the pressure of destocking in the imported car industry has eased. In July, the inventory depth of the imported car industry was 3.7 months, a decrease of 0.7 months compared with 4.4 months in the same period last year. Wang Cun pointed out that in the past few months, the imported car inventory index was almost flat. In July, the import volume was adjusted and the sales growth rate was also declining, so the entire inventory remained relatively stable.

Unlike the slowdown in the overall growth rate of imported vehicles, parallel imports in July continued to maintain rapid growth. In July, the total number of parallel imported cars was 13,000, and cumulative parallel imported cars were 95,000 from January to July, a year-on-year growth rate of 32.2% and 47.0% respectively; from January to July, parallel imported cars accounted for 14.0% of the total imports. . Wang Cun believes that this year's parallel import can maintain such a high growth rate, mainly because many favorable policies have prompted more operators, especially larger operators, to enter the parallel import business, and many brands are also promoting promotion. The role. In addition, the relatively large after-sales problems faced before the parallel imports are gradually resolved.

In July, a total of 97,000 passenger vehicles were imported, an increase of 2.9% year-on-year. Judging from the structure of the models, the three categories of vehicles in July all showed an increase. Among them, MPV increased by 26.6% year-on-year, and the sedan increased by 2.1% year-on-year. SUVs only increased by 1.8%, but still accounted for nearly 60% of the total imported vehicles. In addition, SUV terminal sales showed a slight decline. Wang Cun said that the decline in sales of SUVs is mainly due to the impact of localization. Because SUV sales have reached a certain scale, there will be localization requirements, which will lead to a reduction in the volume of imports, so sales volume will decline.

In the brand structure, among the top ten brands, except for the declines of BMW, Lexus, Porsche and Audi brands, other brands achieved growth. Among them, the Mercedes-Benz brand has grown rapidly, with an increase of 96.7%. Wang Cun said that the sharp increase in Mercedes-Benz's import volume is an adjustment of the supply structure; Land Rover has been in a state of decline recently; the increase in imports this month was mainly due to the introduction of new product galaxies; the masses have a larger increase and still continue. Stabilizing stocks; Alfa Romeo, which officially entered the Chinese market this year, has strong imports but poor sales, and its inventory should be at a relatively high level.

From a sales perspective, BMW, Mercedes-Benz, Lexus, Porsche, and Volkswagen are among the top five and their rankings are basically stable. In addition, sales of eight brands in the top ten brands increased, and the Audi brand grew by a maximum of 28.2%. Wang Cun believes that Audi's imported cars have experienced a significant decline in sales due to the relationship between manufacturers and distributors. At present, the relations between the two sides have eased, and the volume of imports and sales have clearly recovered.

In the first seven months of this year, the downward trend in imported vehicle emissions continued. From January to July, the displacement of imported cars below 3.0L was 91.6%, which was the same as that of 2016. Among them, the 1.5-2.0L displacement range is in the first large displacement range with a 44.6% share. Wang Cun said that the double-integration policy will soon be announced, which is a good fuel-adjustment opportunity for imported cars. At present, the proportion of imported new energy vehicles has also kept a rapid growth, reaching more than 10,000 vehicles.

Affected by localization, A-class vehicles continued to decline from January to July this year, and other market segments maintained growth, but the growth rate of Class B vehicles fell for the first time this year. Wang Cun believes that the growth rate of Class B vehicles is declining, which is due to the slow sales of the Cadillac SX.

When talking about the end-to-end sales trend of imported vehicles in 2017, Wang Cun said that because the consumption upgrade of imported vehicles is still continuing, the circulation association predicts that the entire imported vehicle market will perform relatively well in the second half of the year.