Analysis of Automobile and Parts Imports in August

In recent months, China’s auto imports have continued to operate at a high level and imports have remained at a level of 100,000 vehicles. According to the statistics of the General Administration of Customs, which was compiled by Gasgoo.com, in August this year, the import volume of China's automobiles (including complete sets of spare parts, hereinafter referred to as automobiles) was 101,000, and it has maintained a scale of 100,000 vehicles for the fourth consecutive month.

In August 2013, the analysis of imports of automobiles and their parts was affected by factors such as weaker macroeconomic conditions and declining market demand. Vehicle imports began to slow down sharply in the third quarter, and import volumes fell in the fourth quarter. Imported car dealers continue to experience high inventory. In the first four months of this year, it is understood that most of the auto import brands are also in the digesting inventory stage, so the import volume is operating at a low level.

The recovery of imported vehicle demand, the continuous decline in terminal prices, and the experience of destocking, the vehicle imports continued to operate at a high level. In May of this year, vehicle imports exceeded 100,000 for the first time, reaching 110,000; in June and July, imports were 107,000 and 108,000, respectively.

From January to August, auto imports still fell. Average vehicle price fell from January to August. Overall, auto imports were still in a downward trend: imports totaled 739,000 units, down 9.2% year-on-year; auto imports totaled 30.21 billion US dollars, down year-on-year. 13.30%; The roughly calculated average price of imported cars was 40,900 U.S. dollars, which was lower than the 42,000 U.S. dollars for the entire year of 2012 (1.31 million cars imported last year, and imports were 47.49 billion U.S. dollars).

The decline in the amount of auto imports has affected the ranking of the 22 categories of key commodities (listed by the General Administration of Customs) that are imported by autos in China. From January to August this year, the number of automobiles (including complete sets of spare parts) was ranked ninth, lower than mechanical and electrical products, high-tech products, integrated circuits, crude oil, agricultural products, iron ore and concentrates, LCD panels and primary shapes. Plastic. In the same period of last year, car imports were higher than liquid crystal display panels and primary plastics, ranking seventh.

The trade surplus of auto parts in the previous August was higher than that of last year. In auto parts, China’s auto parts import and export volume both increased. Among them, the auto parts export value continued to exceed the import value, and the increase in export value was higher than that of imports, and the trade surplus expanded. From January to August this year, the import value of auto parts in China increased by 5.7% year-on-year to US$15.99 billion, while the export value of auto parts increased by 12.6% year-on-year to US$18.79 billion. The auto parts surplus was 2.8 billion U.S. dollars, which was higher than the surplus in the previous year (2.7 billion U.S. dollars)