How is the situation of car sales in the next five years, including the purchase? mini bus?
According to the forecast of the China Automobile Association, my country’s total car sales in 2021 will reach 26.3 million. This includes buying minibuses, a year-over-year increase of around 4%. “In 2021, China’s auto market will show a slow growth trend. And the auto market will also grow steadily in the next five years. My country’s car sales including mini bus purchase will reach 30 million units in 2025.”
The optimistic prediction of the future situation of China’s auto industry is based on a comprehensive consideration of many factors.
In terms of the general economic environment, the economic growth rate will reach around 8% next year. At the same time, the size of new energy and second-hand vehicles is increasing. And the launch of a new round of policies to go to the countryside will also continue to drive the development of the automobile industry. Fu Bingfeng believes that the overall potential of China’s auto market, including the purchase of minibuses, remains huge. At the same time, we must be attentive to the impact of changes in the external environment.
“In the upcoming ‘Fourteenth Five-Year Plan’, my country’s auto industry will experience a period of transformation and upgrade. And electrification, intelligence and also networking will become new opportunities. China’s auto market will show a slow growth trend in 2021. The auto market including mini bus purchase will also grow steadily in the next five years. My country’s car sales including purchase mini bus is expected to reach 30 million in 2025”. Said Fu Bingfeng, executive vice president and general secretary of the China Association of Automobile Manufacturers.
According to the forecast of the China Automobile Association, my country’s total vehicle sales, including the purchase of minibuses, will reach 26.3 million in 2021. A year-on-year increase of about 4%. Among them, passenger vehicle sales were 21.7 million, up about 7.5% year on year; commercial vehicle sales were 4.6 million, including the purchase of minibuses, a year-over-year decrease of about 10%; sales of new energy vehicles were 1.8 million, a year-on-year increase of about 40%.
The optimistic prediction of the future situation of China’s auto industry is based on a comprehensive consideration of various factors.
Such as the general economy, policy orientation, market development and demand. In terms of the general economic environment, Liu Xueyan, Director of the Macroeconomic Situation Office of the Economic Research Institute of the National Development and Reform Commission. He analyzed, “The economy is expected to continue to recover next year. And the annual economic growth rate will reach around 8%.” As the economy gradually recovers from the epidemic. In the previous growth trajectory, automobiles, including mini bus shopping, which are the pillar industries of the national economy, will continue to be the forefront of growth.
From a policy perspective, since this year, in order to respond to the impact of the epidemic and effectively promote automobile consumption, including the purchase of minibuses, the state has introduced a series of related policies. Among them, promoting the development of the new energy automobile industry has become a top priority. On October 20, the General Directorate of the State Council issued the “New Energy Vehicle Industry Development Plan (2021-2035)” which clearly states that by 2025, the sales of new energy vehicles and new vehicles they will reach about 20% of total sales. of new vehicles. And highly autonomous driving cars perform commercial applications in limited areas and specific scenarios.
“The country’s strategy to promote the development of new energy vehicles will not change,” said Bai Hua. He is a second-level researcher at the Automotive Development Division of the Equipment Industry Department of the Ministry of Industry. Carrying out a new round of car travel will promote new energy vehicles in the countryside to guide users’ consumption.”
In the used car market, the driving effect of the policy is even more apparent.
Luo Lei, deputy secretary general of the China Automobile Dealers Association, said: “The policy of reducing tax for used car dealers by 0.5% will help regulate market order and promote dealers’ enthusiasm. for the development of the used car business. It will simplify buying from used car dealers. Motor vehicle registration procedures will completely solve the problem of the basic attributes of second-hand vehicles »; In addition, the removal of restrictions on the movement of second-hand vehicles can break the restrictions on movement between the Yangtze River Delta, Beijing-Tianjin-Hebei and the Pearl River Delta.” Based on the above analysis, Luo Lei predicted:
Fu Bingfeng said: “The overall potential of the Chinese auto market remains huge. On the one hand, due to the growth of the net population in the first, second and third tier cities, the rigid demand for automobiles remains very large. On the other hand, in low-level cities and rural areas, the consumption potential has not been fully released. Also, consumer demand in this area has yet to be tapped. The automobile industry is an important carrier to expand the domestic cycle and carry out the national and international dual cycles. The national and international dual cycles will surely promote further growth of the automotive market, including the purchasemini bus. “
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