*** SEIZED CAR AUCTIONS ***

Find Out More About Who Invented The Car - Hondas, Mercedes & More
Find Your Dream Cars Up To 95% Off Retail Prices!
Drive Off A New Or Used Car For As Low As $200...
Search To Get Your Luxury Car Now!


Sunday, April 12, 2009

Chinese into the international automobile market dismal Noah's Ark

By Zou

"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 stated that PSA Peugeot Citroen advertised last month that in 2008 a mesh forfeit of 343 million euros, is looked frontwards to to face even bigger deficits this year. Company Chairman of the Supervisory Board, said if Mrs Thierry, taking into account the French automotive development is now looking at "very difficult", the board of supervisors unanimously resolved that there is need to change the major management. So, he took bureau two years Streiff has just become a "victim."

Poor presentation or down turn in sales, which are two vehicle head-off the direct origin, which farther best features the international auto market in a critical situation. According to statistics, the first two months of this year, the United States vehicle sales dropped harshly, with only one month of sales of 668,000, of which GM's sales dropped by 49 per hundred, Ford dropped 40%, g leisler dropped as much as 55%. In the automotive buyer market worsening for two successive months, the auto conferring firm CSM Worldwide sales are anticipated to decrease the United States. CSM accepts as factual that the United States in 2009 vehicle sales will fall to 9.7 million, much smaller than anticipated in January of 10.7 million, which will furthermore set in 1982 its smallest grade since. Since 1999, the United States the mean annual vehicle sales of about 16.8 million, in 2008, this number dropped to 13.5 million.

The United States auto market fall influenced not only GM, Ford and Chrysler, but furthermore over the past couple of years in the United States overridden the market charges of Japanese cars. If no unforeseen events happen, will become in 2009 the Japanese auto market proceeded to down turn in sales of the fifth year. Japan Automobile Manufacturers Association issued the newest market report that demand outlook, the worsening financial natural environment, business profits, and falling paid work and earnings will be expanded to the Japanese automotive utilisation, the Japanese auto market in 2009 will stay in the doldrums, Japan is anticipated to encompass the micro-cars, motor trucks and traveller vehicles encompassing 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 descent in goods produced and sales, the Japanese Automobile Manufacturers Association on March 24 said that Japan's in the household economic procedure because there is no indication of bottoming out, financial gatherings were impelled to drastically slice task charges and manipulate is very high. Expected 2009 sales to Japan plunged 8.0 out of 100, to 4,297,600, it will be the least 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 optimistic about the school's global auto market this year, "the European auto market will further decline is expected to decline 20%, emerging market country will also be a significant recession." He also said that the downturn in today's large environment, the first positive factors are the Chinese market, China in 2009 will become the center of economic growth, "Although we expect the growth rate of the Chinese market only in the single digits, but still positive growth, after all."

As Streiff said, even though the development rate of the Chinese auto market is slowing down down, but the relation down turn in other markets worldwide position, the Chinese development market stimulating enough. Especially in 2009, the Chinese automobile market started to change skid in the identical time span last year, displayed a vibrant flourishing weather. Statistics display that in February this year, household vehicle sales to 827,600, an boost of up to 24.72%. Among them, the traveller vehicles traded more than 600,000, an boost 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. - 21396

About the Author:

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home