The world's major auto market continues to pick up

Recently, at the information conference of the Beijing Asian Games Village Auto Market in September, Sun Yong, deputy general manager of China Import Auto Trading Co., Ltd. analyzed the recent changes in the global auto market.

Sun Yong said that since the sales rebounded in July, the sales of major global auto markets including the United States, Europe and Japan continued to improve in August:

In August, the US auto market further recovered. Among them, light-duty vehicles sold 1.262 million units, up 1% year-on-year. This is the first time since the financial crisis that the year-on-year growth has been achieved, and sales have hit a new high this year.
In the first eight months of this year, US car sales were 7.069 million units, down 27.9% from the same period last year, and the decline continued to narrow.

In August, the European auto market benefited from the “old-for-new” and “old-vehicle scrap subsidy programs” and other subsidy measures implemented in European countries, and the sales situation recovered significantly.

The number of new passenger cars in Germany was 275,000, a year-on-year increase of 28.4%. The cumulative number of cards in January-August increased by 26.8% year-on-year, the most obvious increase.

The number of new car registrations in Italy reached 85,000, a year-on-year increase of 7.8%. Among them, Italy's largest automaker Fiat's market share in Italy rose to 33.72%.

The number of new car registrations in France was 111,000, up 7% year-on-year, higher than the 3.1% increase in July. Among them, Renault's French registration in August increased by 11% year-on-year, and Peugeot increased by 17%.

The number of new cars sold in the UK was 67,000, up 6% year-on-year, and it grew for the second consecutive month. Among them, sales of mini-cars and ultra-mini-cars grew strongly, with growth of 252.8% and 16.9% respectively; sales of sports cars and utility vehicles achieved growth of 25.8% and 10.1% respectively.

In August, mainly due to the government's tax reduction and subsidy measures to stimulate automobile demand, Japan's domestic new car sales (excluding micro-cars and mini-trucks) was 1982,65 units, a year-on-year increase of 2.3%, the first time in 13 months. increase.

Excluding micro-cars and mini-trucks, Honda Motors' sales in August increased by 13.4%, the second consecutive month of growth. Excluding the high-end brand Lexus, Toyota's sales in August increased by 9%, which is the first time since July of this year that the company's sales have increased compared with the same period last year.

However, Sun Yong also said that although global auto sales have gradually recovered this year, the operating conditions of major automakers in the second quarter are still not optimistic:

Toyota Motor’s net loss for the second quarter of this year was 77.82 billion yen ($816 million);

Daimler's second fiscal quarter net loss of 1.06 billion euros;

Volvo's second quarter net loss of SEK 5.56 billion (approximately 720 million US dollars), suffered a net loss for the third consecutive quarter, and is the biggest loss so far;

Fiat's net loss in the second quarter was 168 million euros; BMW's second-quarter net profit was 119 million euros, down 76% year-on-year;

Volkswagen’s second-quarter net profit fell to 283 million euros, a sharp drop of 83% year-on-year;

Due to debt reductions and a decline in cash outlays, Ford's second-quarter profit turned profitable and achieved a net profit of $2.3 billion.

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