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媒体引用丨China autos rebound takes hold with strong first-half sales

媒体引用丨China autos rebound takes hold with strong first-half sales 威尔森WAYS
2016-07-11
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导读:路透社(中文网)2016年7月11日的报道中,引用我司关于乘用车市场价格相关数据与观点。

路透社(REUTERS)在2016年7月11日的报道中,引用我司关于乘用车市场价格相关数据与观点,以下为原文转载:


BEIJING | BY JAKE SPRING AND MENG MENG



(Aring road is congested with traffic in Beijing, China, in this November 18,2015 file photo.REUTERS/KIM KYUNG-HOON/FILES)

 

Vehicle sales in China rose 8.1 percent in the first half of the year, the automakers association said on Monday, well ahead of full-year predictions with the industry cautiously optimistic that positive sales momentum will continue.

 

Vehicle sales growth in the world's largest auto market stalled last year as the Chinese economy slowed before rebounding strongly in October thanks to a taxcut on small engine cars.

 

Many industry watchers questioned whether the rebound could be sustained, but analysts say sales so far this year have met or exceeded expectations.

 

"Peopleare cautiously optimistic," said Godfrey Tsang, a consultant and formervice president for Lexus China.

 

Salesgrew 14.6 percent in June, the China Association of Automobile Manufacturers told reporters, the highest monthly growth since December 2015.

 

Reflecting the strong start to the year, LMC Automotive last month raised its predictionfor annual growth by 0.4 percentage points to 8 percent year-on-year growth inpassenger vehicle sales for 2016.

 

But other indicators show pressure remains high on dealers. An index produced by the China Automotive Dealers Association to measure inventories sits at the highest level since November last year.

 

Dealers are continuing to deepen discounts to remain competitive with the average discount of up to 3 percentage points higher in the first six months compared with the same period in 2015, according to Chinese consultancy WAYS.

 

TAX CUT EXPIRY

 

Analysts said the main uncertainty hanging over the market was whether the tax cut oncars with engines under 1.6 liters would expire at the end of the year or beextended.

 

Ifit expires as expected, consumers may rush to buy cars this year to cash in onthe incentive, at the expense of next year's sales, while extending the cut would push down fourth-quarter sales.

 

YeShengji, deputy secretary general for the automakers association, said lastmonth that the association was in favor of making the tax cut permanent topromote more fuel efficient cars.

 

But with China's real estate market rebounding, the government will be less likely to turn to car sales incentives to push up GDP growth, said James Chao,Asia-Pacific chief for IHS Automotive.

 

Presuming the tax cut expires, IHS predicts sales growth will fall to 1.4 percent next year.

 


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本文原载于路透社(REUTERS),2016年7月11日

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