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How is the situation about auto sales in the next five years, including buy mini bus?

According to the China Automobile Association’s forecast, my country’s total car sales in 2021 will reach 26.3 million. This including buy mini bus, a year-on-year increase of about 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 auto sales including buy mini bus will reach 30 million units in 2025.”

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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 overall economic environment, the economic growth rate will reach about 8% next year. At the same time, increasing the size of new energy and second-hand vehicles. And launching a new round of policies to go to the countryside will also continue to boost the development of the automobile industry. Fu Bingfeng believes that the overall potential of China’s auto market, including buy mini bus, is still huge. While at the same time, we must be alert to the impact of changes in the external environment.

“In the forthcoming ’14th Five-Year Plan’, my country’s auto industry will experience a period of transformation and upgrading. And electrification, intelligence, also networking will become new opportunities. China’s auto market will show a slow growth trend in 2021. The automobile market including buy mini bus will also grow steadily in the next five years. My country’s automobile sales including buy mini bus are expected to reach 30 million in 2025.”. Said Fu Bingfeng, executive vice president and secretary-general of the China Association of Automobile Manufacturers.

According to the China Automobile Association’s forecast, my country’s total vehicle sales including buy mini bus will reach 26.3 million in 2021. A year-on-year increase of about 4%. Among them, passenger vehicle sales were 21.7 million, a year-on-year increase of about 7.5%; commercial vehicle sales were 4.6 million including buy mini bus, a year-on-year decrease of about 10%; new energy vehicle sales 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 overall economy, policy guidance, market development, and demand. In terms of the overall economic environment, Liu Xueyan, Director of the Macroeconomic Situation Office of the Economic Research Institute of the National Development and Reform Commission. He analyzed, “It is expected that the economy will continue to recover next year. And the annual economic growth rate will reach about 8%.” As the economy gradually recovers from the epidemic. On the previous growth trajectory, automobiles including buy mini bus, which are the pillar industries of the national economy, will continue to be the growth vanguard.

From a policy perspective, since this year, in order to respond to the impact of the epidemic and effectively promote automobile consumption including buy mini bus, 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 Office of the State Council issued the “New Energy Vehicle Industry Development Plan (2021-2035)” clearly stated that by 2025. The sales of new energy vehicles and new vehicles will reach about 20% of the total sales of new vehicles. And highly autonomous driving Cars realize commercial applications in limited areas and specific scenarios.

“The country’s strategy for promoting the development of new energy vehicles will not change,” said Bai Hua. He is a second-level investigator of the Automobile Development Division of the Equipment Industry Department of the Ministry of Industry. Carrying out a new round of car trips will promote new energy vehicles to the countryside to guide users’ consumption.”

In the used car market, the driving effect of the policy is even more obvious.

Luo Lei, deputy secretary-general of the China Automobile Dealers Association, said, “The tax reduction policy for second-hand car dealerships by 0.5% will help regulate market order and promote dealers’ enthusiasm for the development of second-hand car business. It will simplify the purchase of second-hand car dealerships. The registration procedures for motor vehicles will completely solve the problem of second-hand car commodity attributes’; In addition, the removal of the restrictions on the movement of second-hand vehicles can break the circulation restrictions between the Yangtze River Delta, Beijing-Tianjin-Hebei and Pearl River Delta.” Based on the above analysis, Luo Lei predicted, “The national second-hand car transaction volume is expected to reach 17 million in 2021, achieving a growth of about 15%.”

Fu Bingfeng said, “The overall potential of the Chinese auto market is still huge. On one hand, due to the net population growth in the first, second and third-tier cities, the rigid demand for cars is still very large. On the other hand, in low-tier cities and rural areas, the consumption potential has not been fully released. Moreover, the consumer demand in this area has yet to be tapped. The automobile industry is an important carrier for expanding the domestic cycle and realizing the domestic and international dual cycles. The domestic and international dual cycles will surely promote the further growth of the automotive market, including buy mini bus.”

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