Vehicle engine industry still has room to survive

Despite the natural disasters such as snowstorms and earthquakes, the country’s tightening monetary policy, as well as the rising prices of energy, raw materials, and labor, and the appreciation of the renminbi, have affected many unfavorable factors, but as both auto production and sales have broken the 5 million mark, The entire vehicle industry ended its relatively modest growth in the first half of the year with a year-on-year increase of 22%. The automobile engine industry also achieved production and sales volume of nearly 5 million units. The year-on-year increase was similar to that of the entire vehicle industry. The pace of the two industries has become increasingly uniform.

Vehicle engine industry still has room to expand

According to the latest issue of "China's auto industry production and sales news," statistics from January to June 2008, 54 domestic automobile engine companies included in the statistical scope, accumulatively produced 48.8 million units of engines, and sold a total of 4,969,700 engines in the same period as in 2007. Compared with the growth of 20.67% and 23.76% respectively. Although the production and sales in the four months, five months, and six months have all continued to fall since reaching the peak of production and sales in March, the production and sales of engines still stood at around 750,000 units in the month of June. The monthly production and sales rate reached 101.54%; this year, 1 The cumulative production and sales ratio reached ~101.82% in June, indicating that the automotive engine market is still in a healthy development stage.

As of the end of June 2008, of a total of 54 engine companies, Guangxi Yuchai, FAW-Volkswagen, Chang'an Group, Liuzhou Wuling Liuji, Shanghai Volkswagen, FAW Group, Chery, Harbin Dongan Automobile Engine, Beijing Hyundai, and Shanghai General Motors Powertrain FAW Toyota (Tianjin) Engine, GAC Toyota Motor, Shanghai General Motors, Dongfeng Nissan Passenger Vehicle and Dongfeng Honda Engine ranked among the top 15 in terms of cumulative production volume in the first half of the year. Compared with the end of the first quarter, FAW-Volkswagen and Chery’s rankings increased, including Guangxi Yuchai and Chang’an Group, due to the larger year-on-year growth of most companies and the split factor between Shanghai General Motors and Shanghai General Motors. The rankings of Shanghai Volkswagen and FAW Group remained unchanged, and other companies' rankings declined. In particular, the Dongfeng Honda engine fell from the ninth place in the first quarter to the current 15th place.

From the perspective of large production enterprises, there were 27 companies with production capacity exceeding 60,000 units (average monthly output of 10,000 units or more) in the first half of the year; and production volume in the first half of the year exceeded 120,000 units (average monthly production reached more than 20,000 units). 17 companies; in the first half of the year, there are 8 companies with production capacity exceeding 180,000 units (average monthly output of 30,000 units or more); in the first half of the year, production exceeded 240,000 units (average monthly production reached 40,000 units or more). There are four companies. FAW-Volkswagen has become a relatively prominent rising enterprise among the large-scale enterprises and has already squeezed into the first group (cumulative production of more than 240,000 units).

From the point of view of production concentration, the cumulative production concentration of the top 5 enterprises in the total production volume for the first half of the year was 27.57%, which was 0.47 percentage points lower than in the first quarter; the cumulative production concentration of the top 12 companies ranked in the quarter was 53.33%, one to one. The quarter decreased by 1.73 percentage points. The continuous decline in production concentration in the past two years reflects that the entire industry is still in a stage of primary competition. Although individual companies have been faltering, as a whole, as a durable consumer goods, automobile and engine production still have a long way to go from stagflation in the environment where GDP still maintains rapid growth.

After the ups and downs, the diesel engine companies were significantly affected by the State III

Divided by fuel type, the production and sales of diesel engines maintained a better momentum of development than that of gasoline engines. In the first six months, production and sales of 1,134,300 units and 1,341,100 units were respectively achieved, an increase of 24.63% and 28.7% respectively. At the same time, the cumulative production and sales ratio reached 102.03% in the first half of the year, indicating that the market still has a relatively strong acceptance capacity.

From the performance of diesel engine companies, of the 25 diesel engine companies in the first six months of 2008, there were seven companies with an average monthly output of 10,000 units, similar to those in the first quarter. The rankings of the top seven producers in terms of cumulative production are: Guangxi Yuchai, FAW Group, Weichai Holdings, Kunming Yunnei, Dongfeng Automobile, Dongfeng Chaochai, and CNHTC. This ranking is the same as in the first quarter, indicating that diesel engines The market is relatively stable. Among them, the cumulative production concentration of the top five companies was 67.92%, which was 0.78 percentage points lower than that in the first quarter; the production concentration of the top seven companies was 80.34%, which was 0.05% higher than that in the first quarter. In terms of degree, the upward trend of China National Heavy Duty Truck and Dongfeng Chaochai ranked in the 67th place. If Jiangxi Jiangling and Yangchai are added, the cumulative production concentration of the top 9 companies is 88.65%, which is higher than that of the first quarter. It dropped by 0.21 percentage points. The change in the concentration of diesel engine production is smaller than that of the overall vehicle engine and maintains a relatively stable market structure. As can be seen from the report, if you add Beiqi Foton, which ranks the 10th, the cumulative production concentration of the first 10 companies in the semi-annual period has reached 91.84%. These 10 companies basically represent the overall status of the diesel engine market.

Due to the implementation of the National III emission standards in the commercial vehicle sector in the second half of the year, the first half of the year saw the appearance of heavy-duty trucks, which led to a rapid growth in the first few months for heavy-duty diesel engines. With the approaching of the middle of the year, the decline in the production volume of these manufacturers has become apparent in June. For example, in June, Guangxi Yuchai’s output fell by as much as 61.02% compared with May, China National Heavy Duty Truck Group dropped 38.63%, and FAW Group dropped 24.93%. Weichai Holdings dropped 24.24%. From the first quarter, the cumulative increase in heavy truck production from the year-on-year increase of 51.56% to 39.04% in the second half of the year, can also reflect the impact of the country's three factors. Among the major medium- and light-duty diesel engine manufacturers, Dongfeng Chaochai decreased by 41.46% in June compared with May, and Yangchai decreased by 24.23%. Beiqi Foton fell by 17.58% and Kunming Cloud dropped by 14.68%. In fact, such enterprises as Kunming Yunnei and Yangchai continued to fall sharply on the basis of a sharp decline of 44.37% and 26.58% from the previous month in May.

Among the enterprises with large production capacity, the diesel engine manufacturers that performed better throughout the first half of the year have Dongfeng Motor Co., Ltd. (a cumulative increase of 51.21%), China National Heavy Duty Truck (44.43%), Weichai Holdings (41.04%) and FAW Group (34.61%). ), Beiqi Futian (32.19%) and Guangxi Yuchai (24.99%), Kunming Yunye had a slight decrease from the same period last year. In addition, Shangchai, a veteran heavy-duty diesel engine company, has maintained a certain degree of competition with a year-on-year increase of 11.17%, although its current output is still not large, while FAW-Volkswagen’s decline from a year-on-year rate of 44.22% indicates that diesel cars are At present, the Chinese market environment is still difficult.

Gasoline engine product structure is quietly changing

For gasoline engines, the cumulative production and sales volume in the first six months of 2008 were 3.5643 million units and 3.6623 million units respectively, an increase of 19.24% and 22.00% over the same period of the previous year. At the same time, the cumulative sales ratio fell from 105.80% in the first quarter to 101.74% in the second half of the year, which is in line with the trend of the overall automotive industry. Of the 39 petrol engine companies in the statistics, FAW-Volkswagen, Chang'an Group, Liuzhou Wuling Liuji, Shanghai Volkswagen, Chery, Harbin Dongan Automobile Engine, Beijing Hyundai, Shanghai General Powertrain, FAW Toyota (Tianjin) Engine, GAC Toyota Motor , Shanghai General Motors, Dongfeng Nissan Passenger Vehicles, Dongfeng Honda Engine, Harbin Dongan Automobile Power and Geely, rank among the top 15 in terms of production volume. Among them, FAW-Volkswagen quickly occupied the first position from the third place in the first quarter, and Shenlong withdrew from the top 15 arrays. Among the top ranking companies, the top five companies have a production concentration of 33.69%, which is a decrease of 1.51 percentage points from the first quarter; the top nine companies have a production concentration of 53.29%, which is a decrease of 2.57 percentage points from the first quarter.

Among the gasoline engine manufacturers, 20 have an average monthly output of over 10,000 units, a decrease from the first quarter; 14 enterprises have an average monthly production of over 20,000 units, an increase from the first quarter; average monthly There are 6 companies with output of more than 30,000 units, which is the same as in the first quarter; there are 3 companies with an average monthly output of more than 40,000 units, one more than in the first quarter. Among them, the outstanding performance of companies with an average monthly output of more than 10,000 units is: Geely (108.64% year-on-year growth in accumulated production), Dongfeng Honda Automobile (62.99%), and FAW Toyota (Tianjin) Engine (51.21%) , Dongfeng Nissan Passenger Vehicle (48.99%), Beijing Hyundai (38.96%), Harbin Dongan Automobile Engine (30.56%), FAW-Volkswagen (27.08%) and Shanghai General Motors Powertrain (26.94%). Among the relatively weaker performers are Shenyang Aerospace Mitsubishi (-25.31%), Changan Ford Mazda (-10.56%), Guangzhou Automobile Toyota Motor (-9.28%), Shenlong (-8.43%) and Harbin Dongan Automobile Power (-8.37%). . Compared with the first quarter, Beijing Hyundai has made greater progress, and Changan Ford Mazda has made a significant step back. In addition, although the Changan Ford Mazda engine, Changan Suzuki, FAW Car and Anhui Jianghuai, and other enterprises in the first half of the year have also seen significant year-on-year growth, but because they did not reach an average monthly production of more than 10,000 units, the impact on the entire market was beaten. discount.

It is worth noting that, in the sales summary of each passenger car model, the cumulative growth of the models of .5 to 3.0 liters and 1.0 to 1.6 liters of the basic passenger cars reached 37.99% and 2.5% respectively. However, the accumulated growth rate of the 1.0-1.6-liter small-displacement models in the MVP models is as high as 72.71% year-on-year, and the cumulative increase in the 3.0-4.0-liter and 2.0-2.5-liter displacement models of the four-wheel-drive SUV models is as high as 88.68%. 83.81%, the cumulative year-on-year growth of the 1.6-2.0L and 3.0-4.0L displacement models in the two-wheel-drive SUV models was as high as 154.54% and 79.25%, respectively. At the same time, combined with the difference between the statistics of the number of engines and the increase in the production and sales of engines in terms of kilowatts, in particular, the increase in production and sales of some gasoline engine manufacturers in kilowatts is significantly higher than the increase in production and sales based on the number of units. These conditions indicate that the structure of the gasoline engine product is changing quietly, which can partly explain the foundation of the best-selling models such as the large-displacement SUVs.