In 2010, China's commercial vehicle industry produced the largest volume of light trucks, with the largest increase in heavy trucks
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The changes in the commercial vehicle market have been deeply affected by the policy. Weight-based toll, lightweight bodywork sought after; upgrade of emission standards, leading the technological innovation of complete vehicles and key parts companies, gave birth to the atypical technical route of EGR; 4 trillion yuan of infrastructure investment to promote the commercial vehicle market, especially trucks Market development is almost at its peak. It can be said that the direction of the policy is blowing, and the corresponding changes will occur in certain areas of the commercial vehicle industry. Judging from the overall performance of China's autos from January to November 2010, the auto industry is in a strong growth trend, and commercial vehicles account for a relatively stable share of the auto market. In the commercial vehicle industry, heavy trucks and light trucks have contributed a lot, light truck sales have risen significantly, and heavy trucks have seen the largest year-on-year increase. The overall size of the medium-sized card market has been relatively stable, and the passenger car chassis has the smallest scale and a small increase.
Good policy, light trucks push the pack
In 2009-2010, the policy trilogy played a hot-selling commercial of light commercial vehicles. The light trucks took the first place with 1,796,630 cumulative sales. On December 28, 2009, the Ministry of Finance and the Ministry of Commerce jointly issued the Notice on Relevant Matters Relating to the Adjustment of Subsidy Standards for Vehicle Trade-in Compensation (Caijian [2009] No. 995), which clearly regulated the specific matters of the replacement standard of automobile trade-in subsidies. In order to scrap old cars and yellow-standard vehicles in advance and redeem new ones, the subsidy standard will be adjusted from 3000-6000 yuan to 5000-18,000 yuan. Among them, the subsidy standards for heavy, medium, light, and mini trucks were adjusted to 18,000 yuan, 13,000 yuan, 9,000 yuan, and 6,000 yuan respectively. From the overall performance of the commercial vehicle market, the subsidy has been increased to increase sales of light commercial vehicles. Produce obvious pulling action.
After the implementation of the trade-in replacement, vehicles that were scrapped and updated were far from expected. Part of the reason is that the subsidy received by the owner to scrap the old car is far less than the price of the used car sold to the cattle. After the subsidies are increased, the scrapped subsidies are likely to be higher than the price of selling the car to the cattle, and the owners of the old cars are encouraged to choose to scrap and replace the new ones, and thus to the light commercial vehicles (micro-cards, light trucks, and mid-cards). Sales form a direct promotion. According to relevant statistics, from January to October 2010, a total of 284,000 vehicles were subsidized, and the average allowance for each vehicle was about 14,100 yuan.
The policy of car-to-the-township is a hot sale for light commercial vehicles. Farmers purchase micro-customers, micro-cards, light trucks, and scrape three-wheeled vehicles or low-speed trucks, and give them a one-time 10% financial subsidy for the replacement of micro-cards and light trucks. According to statistics released by the Ministry of Commerce, in the first three quarters of 2010, the nationwide subsidized 2.08 million vehicles and subsidy funds of 8 billion yuan. It can be estimated that the average allowance for each car is 3,846 yuan.
The road maintenance fee and other six expenses will be canceled for further thrust. On January 1, 2009, a total of six fees including highway maintenance fees, waterway maintenance fees, highway transportation management fees, highway passenger and freight surcharges, waterway transportation management fees, and water and passenger freight surcharges were uniformly eliminated throughout the country, stimulating many individuals. Users buy a car to run transportation and do business. With the encouragement of policies such as increasing subsidies, removing vehicles from the countryside and raising road expenses, the sales volume of young commercial vehicles in 2010 increased by 50.99% year-on-year, far exceeding the increase of 15% to 20% expected at the beginning of the year.
Continue to climb the largest increase in heavy trucks
In 2010, the sales volume of heavy trucks increased the most in the same period last year, reaching 64.45%. Since implementing the "Opinions on Reducing the Toll Collection Rate for Vehicles" in 2005, the tolls for trucks with a carrying capacity of more than 15 tons have to be reduced by 30% on the basis of the current charging standards, and trucks with 10 to 15 tons (including 15 tons) must be reduced by 20%. %, it has strongly promoted the sales of heavy trucks, especially the purchasing enthusiasm of heavy tonnage heavy trucks. The implementation of the fuel tax has made the advantages of high-tonnage trucks, high-speed, high-efficiency, and low ton-kilometer utilization cost of heavy trucks more prominent. It further promotes the development of heavy-duty trucks in China, and the demand for heavy-duty trucks continues to heat up.
Commercial vehicle production data attributes determine the strong correlation between demand, GDP growth, and fixed asset investment; along with the steady growth of GDP in recent years and the increase in fixed investment in the country, especially in the financial crisis, the country has stimulated domestic demand through 4 trillion yuan of investment. The plan, which relates to the automotive industry, includes accelerating the construction of affordable housing projects, accelerating the construction of major infrastructure such as railways, highways and airports, and speeding up post-earthquake reconstruction work in the earthquake-stricken areas. The heavy trucks are mainly used for cargo transportation and supporting construction projects. Special vehicles, therefore, have a close relationship with investment in fixed assets. According to national statistics, about 1% of the fixed asset investment is used to purchase transportation vehicles that are directly related to the construction of the project. The vehicles used for large-scale infrastructure construction are mainly heavy trucks, so the rapid growth of investment in fixed assets lays a foundation. The solid foundation for the growth of the heavy truck industry led to a high growth period for heavy truck sales in 2010.
New Year's Outlook Development Expected
China's commercial vehicle industry is welcoming a new era with its booming growth. After the New Year's Day in 2011, all walks of life have made predictions about the prospects for the development of the commercial vehicle market. There are different opinions. Many people believe that the commercial vehicle market cannot guarantee strong growth in 2010. The reason is still from the policy aspect. After the car went to the countryside and the old-for-new trade policy was withdrawn from the stage of history, the purchase tax preferential policies were also suspended.
At this point, the stimulating policies of China's auto market have basically been withdrawn from the entire line. Without the stimulation of policies, the healthy and steady development of China's commercial vehicle industry has become a matter of concern to relevant people in society. However, in the course of the reporter's visit, the dealers did not worry about this. A dealer told reporters that without these policy incentives, it will not cause too much impact on sales, and many car users are still based on their own needs, and not just for concessions. Moreover, it is believed that commercial car companies will introduce other promotional policies to stimulate purchases.
The tight monetary policy is also a bad signal for the commercial vehicle market. It will have a certain impact on the truck market. About 40% to 50% of the existing truck buyers purchase cars through loans. However, on the other hand, the adjusted loan interest rates and the deposit reserve ratio of small and medium-sized financial institutions are relatively good for commercial vehicles as compared with the previous years. The 4 trillion yuan investment that has a significant impact on the development of the commercial vehicle market is a reminder to many industry professionals and laments over many years. The recent news from the Ministry of Communications will in turn bring new hope to the commercial vehicle market.
It is reported that the Ministry of Communications’ 2011 investment plan has been finalized, and the investment in highway infrastructure will exceed 700 billion yuan. The use of this 700 billion yuan will give priority to the construction of the national highway network, the transportation infrastructure defined by the national regional development strategy, the megacity circle, the traffic infrastructure of the large and medium-sized urban agglomerations, and the construction of the provincial “decapitated roadâ€.
At the same time, highways in administrative villages are also the focus of the new year. If 4 trillion yuan of infrastructure investment will push the development of the commercial vehicle market to a peak, the investment of 700 billion yuan in highway infrastructure construction will at least ensure that the commercial vehicle market will have sufficient space to make steady progress. Moreover, the existence of a reasonable Chinese commercial vehicle company still has many advantages that suit national conditions. For example, the price is not as high as foreign brands; the overall design is based on actual operating conditions in China; a series of technical features such as light weight, fuel economy, and high efficiency have won numerous users and good reputation.
After undergoing a series of policy adjustments and market experience, China's commercial vehicle companies are no longer a child in full need of policy incentives and support. It has its own development and deployment, technology routes and product support. The policy environment in 2011 may not be loose in 2010, and the commercial vehicle market will face more pressure and challenges, but these will not stop the rise of China's commercial vehicle industry.
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