Chinese into the international automobile market dismal Noah’s Ark

“Thirty Years Hedong, Hexi three decades”, the global automotive industry is a validation of the Chinese old saying. March 30, the United States made a brief statement, GM said: “Wagner, Chairman and CEO to resign from office, effective immediately.” Is the day, Obama rejected the President of the United States GM and Chrysler’s restructuring plan, made it clear that General Chrysler cars and must not become a “national burden” under the circumstances to survive. Wagner is not the only risk of such doom a car head on the previous day, that is, March 29, announced the lifting of PSA Peugeot Citroen CEO Christian Streiff with the contract, find another business master in order to shake off the dilemma.

It is described that PSA Peugeot Citroen broadcast last month that in 2008 a snare decrease of 343 million euros, is anticipated to face even larger deficiency this year. Company Chairman of the Supervisory Board, said if Mrs Thierry, taking into account the French automotive commerce is now opposite “very difficult”, the board of supervisors unanimously determined that there is need to change the older management. So, he took agency two years Streiff has just become a “victim.”

Poor recital or descent in sales, which are two motor vehicle head-off the direct source, which farther climaxes the worldwide auto market in a critical situation. According to statistics, the first two months of this year, the United States motor vehicle sales plunged stridently, with only one month of sales of 668,000, of which GM’s sales plunged by 49 out of 100, Ford plunged 40%, g leisler plunged as much as 55%. In the automotive client market downward spiral for two following months, the auto considering firm CSM Worldwide sales are looked frontwards to to lessen the United States. CSM trusts that the United States in 2009 motor vehicle sales will decline to 9.7 million, much worse than looked frontwards to in January of 10.7 million, which will in addition set in 1982 its least stage since. Since 1999, the United States the midpoint annual vehicle sales of about 16.8 million, in 2008, this diagram plunged to 13.5 million.

The United States auto market slump affected not only GM, Ford and Chrysler, but also over the past few years in the United States dominated the market prices of Japanese cars. If no unexpected events occur, will become in 2009 the Japanese auto market continued to decline in sales of the fifth year. Japan Automobile Manufacturers Association released the latest market report that demand forecast, the deteriorating economic environment, corporate earnings, and declining employment and income will be extended to the Japanese automotive consumption, the Japanese auto market in 2009 will remain in the doldrums, Japan is expected to include the micro-cars, trucks and passenger cars including demand for new vehicles 4,860,000.

March 24, Japan’s biggest automaker Toyota broadcast that dilemma with the compelled sale of the tension inventory, the business in February to decrease by half the world’s output, to 434,200. In supplement, the business in Japan in February at the yield of only 208,000, a decline of 56.4% year-on-year. At the identical time, Honda, Nissan and Mazda and other businesses have furthermore broadcast a considerable decrease in sales of data, of which Honda has broadcast the international and household output and sales year-on-year down turn in more than 40%; Nissan international output dropped 51.3 per hundred, Japan output was down 68.8 percent; Mazda and Mitsubishi, respectively, of international output in February dropped 54.6% and 65%.

Affected by the down turn in output and sales, the Japanese Automobile Manufacturers Association on March 24 said that Japan’s household finances because there is no signal of bottoming out, businesses were compelled to drastically slash work charges and command is very high. Expected 2009 sales to Japan dropped 8.0 per hundred, to 4,297,600, it will be the smallest since 1977, Record.

European markets furthermore plummeted. Germany’s biggest automobile business, leader of the public Winterkorn said the business anticipated 2009 sales in Germany will down turn by 10%. CEO Martin Winterkorn has said frequently to the out-of-doors world by the international economic urgent position and the harmful consequences of the financial worsening, the world automobile market in 2009 will be “extremely difficult.” Thuringia, Germany ghass Automotive financial power Diz Dean even said that at the end of 2009, the German auto commerce work force of 760,000 will have 5 million persons unemployed; in the present automotive vendor in 9500, there will be 1500 House shut down or merged. To this end, the German Automobile Industry Association (VDA) inquired their authorities to emulate the United States, for the automotive manufacturers to supply alike respite loans. Are anticipated VDA, Germany’s new vehicle sales in 2009 will fall to 2,900,000. Association President David Waisman said that the German vehicle market is in down turn, or an unprecedented pace and impact. Association Schmidt, Managing Director of the Treasury, said: “the economic urgent position disperse to the automotive commerce has just started, it will step-by-step display contradictory effects. German vehicle sales are anticipated to come back to present grades, possibly after 2023 are things. ”

Streiff just not confident about the school’s worldwide auto market this year, “the European auto market will farther descent is looked frontwards to to descent 20%, arising market nation will in addition be a noteworthy recession.” He in addition said that the downward spiral in today’s large surroundings, the first optimistic elements are the Chinese market, China in 2009 will become the center of monetary expansion, “Although we look frontwards to the expansion rate of the Chinese market only in the solitary digits, but still optimistic expansion, after all.”

As Streiff said, even though the growth rate of the Chinese auto market is slowing down, but the relative decline in other markets worldwide situation, the Chinese growth market exciting enough. Especially in 2009, the Chinese automobile market began to change slide in the same period last year, showed a vibrant thriving weather. Statistics show that in February this year, domestic car sales to 827,600, an increase of up to 24.72%. Among them, the passenger cars sold more than 600,000, an increase of 24.23%.

Sensitive sense of stink to stink the foreign buying into market possibilities in China, begun to stop the household market, will turn vigilance to the Chinese automotive market. “Specifically tailored for the Chinese buyer products” has become a well liked automotive part, encompassing the new Regal, the new Carnival sedan, A4L Audi and BMW 5-Series long-wheelbase forms, etc. are included. It seems that how the Chinese market as a new vehicle can hold their head “rice bowls” of the key. But apparently, this is not the objective can be finished overnight.

It can be said that the international automotive commerce is experiencing an unprecedented gale, while the Chinese market, this gale is the “Noah’s Ark.