Key information from the National Federation of daily news
by automobile this week outlined:
1, favorable policies driving the resumption of high growth in retail passenger car narrowly
week after the Spring Festival is the fifth in 2009 weeks, 2 months of the end-market shift from strong sales of Spring Festival a smooth start to look at the trend from previous years, the fifth week after the holiday has already started in spring, the market volume gradually restored. from the manufacturers to monitor sales by the Federation and the overall look Last month we judge consistent with strong sales around the Spring Festival of Festivals and policies favorable sales of the common market for the overall performance of overlay complete, 1-2 months should be able to achieve an increase of .2 retail passenger car manufacturers on chivalry basic and January sales were flat, 1 -2 month cumulative sales of flat or slightly higher than the narrow over the same period manufacturers, including passenger cars, including the overall micro-off should be around 4% higher than the passenger car manufacturers on retail .2 should be significantly lower than in January, but 1-2 passenger cars on a narrow 10% higher than the corresponding retail should be about policy effectiveness shows.
2,09 retail passenger cars starting point in the narrow sense - the formation of 08 since the end of the complex changes in the passenger car market in 1-2 months 09-year retail sales growth should be the state's power better bailout policies best reflect, making China the world's policy of driving the success of the initial consumption model. but then the economic pressure is still large, the probability of a large market decline, the second half of the 2008 base year national follow-up policy is low and reflects the power of the market is expected there will be reasonable growth. blindly believe that everything is a policy point of view is danger, faith is not shouting out, is built on the basis of the corresponding reasonably be expected to adjust, the market changes must be closely tracked.
3, the financial crisis Report of the Eastern European regional banks exposed to the enormous risk, together with the U.S. and Europe have to be nationalized commercial banks, the The crisis should lead to greater attention to risk. especially in the automotive industry and other export industries, the main target market, the Chinese auto industry exports more injured. more urgent the task of stimulating domestic demand.
4,3 months of negative growth in automotive markets and is a foregone conclusion
09 �� 3 more months of passenger car market is facing severe pressure, while the trend is more severe commercial vehicle market, automobile market together more than 15% of negative growth is possible, that is to hit a new record negative growth in recent years. which we must clearly understand and maintain a calm state of mind in the face of .08 after the snow disaster needs a substantial increase in March 2009 the debt.
5,3 car next month Township pulling breaking measures to be effective from January
purchase tax introduced on New Year's tax cuts are expected, then postponed to 20 implementation, the original car to the countryside subsidy policy implemented March 1, but is still working . policy, market pull effect may thus appear discounted, especially in March the market pressure is enormous. originally anticipated preferential interest rates of automobile consumption credit is not reflected in the text of the revitalization plan, and consumer credit system is too perfect schedule night.
6, the rise in passenger car industry concentration is the main manufacturers of passenger car industry, the threshold of a breakthrough
mainly reflected higher investment in its large scale production and marketing, product safety and other indicators of high demand Therefore, the threshold of the formation of soft, how to enhance the soft-threshold is the focus of the upgrading of the industry. can come in, but then continued to face enormous pressure and exit into the risk of liability is binding on other capital blindly into the way the automotive industry's best market. The force control access to the actual very satisfactory results, a few years ago car manufacturers into many difficulties, but blocking it? is easy to get into the temptation of high profits, otherwise, no one came. effective techniques, industrial competition, to achieve the competitive environment Under the best way to upgrade the soft threshold. The Government can not force enterprises to quit, but not standard products can not be sold, with the hand of the market to achieve economies of scale.
08 towards the end of the fuel consumption tax reform is an important foundation for promoting industrial restructuring measures, so that the local protection tool removed to form a national unified market, to accelerate the small business market is shrinking, this is the best policy measures for industrial upgrading.
one, new products, price scanning
1. The new BMW 5 Series models of small change, priced 43.36-67.96 million.
2 20 March, the new BMW 5 Series models listed small change, the change mainly in the iDrive system upgrade. new iDrive system consists of a 8.8-inch color LCD screen supported by a knob with 7 the operation of the corresponding functional hot key combination. The system uses logic and operation of the new style appears in the original model based on the knob, joined Audi's MMI philosophy, more convenient and effective to use. In addition, this can also increase the iDrive vehicle 80G hard drive, navigation system used to store maps and audio files.
Analysis:. The BMW price adjustment is more complex The most low-end models are not adjusted prices larger effort in the high-end models, but also the relative price of time that the earlier 08. The Elegant yet to be introduced, the model system than the thin, need to strengthen the future in a timely manner.
2. Elysee officially released the new hatchback, 3 models priced at 7.38-8.48 yuan.
2 26, Dongfeng Citroen Elysee hatchback new release in Beijing. There are two Level 3 models, SX manual for sale Price: 81 800, X manual Price: 73 800, X Auto Price: 84800, listed in mid March ..
Analysis:. New Elysee hatchback and sedan the same price, so there is some risk, required rate of close to two promotions, and promotional efforts hatchback sedan is too large may be affected.
3. reinstall the new DSG MAGOTAN listed for sale from 18.98 to 263,800.
3 1 March, a Steam - Volkswagen powered TSI turbocharged direct injection engine and the DSG dual-clutch automatic transmission, new MAGOTAN reinstall Exchange. The announcement of a new full-line 6 MAGOTAN end models retail price, of which: 1.8 TSI manual fashion model 189,800 yuan, 1.8TSI manually comfort 212,800 yuan, 1.8TSI + DSG automatic comfort 226,800 yuan, 1.8TSI + DSG automatic luxury 236,800 yuan, 2.0TSI + DSG automatic comfort 251,800 yuan, 2.0TSI + DSG automatic luxury 263,800 yuan. revolutionary DSG dual-clutch automatic transmission is used in the FAW - Volkswagen Volkswagen brand's first B-Class Magotan, and with the world's leading direct injection turbocharged TSI the perfect combination of engine, a vehicle will determine the key performance indicators of power, economy, handling and environmental protection have been elevated to a new level.
Analysis:. The new technology is accepted by the market is still worthy of observation, different lines The advanced technology will be more intense competition, the current price crisis in the high-end cars is more serious. The product's core strengths is to meet consumer demand, product design itself is defective, then the development of specialized technologies, could become a niche product, very dangerous . MAGOTAN DSG listing, its power performance has been greatly improved, the addition of part of the intelligent configuration, while the overall price has also been a certain level of reduction, but it is too superior dynamic performance in terms of fuel economy slightly inadequate, relatively poor economy, the current monthly sales MAGOTAN basic maintenance around 4000, with the competitors still a large gap, the main reason is that MAGOTAN do not have the advantage in the wheelbase, in fact, in high-class car market, low power, lower cost vehicles more vulnerable consumers, and like Magotan this problems are not resolved, MAGOTAN short-term sales slump still home can not be reversed.
4. the overall price trend
5. segmentation of the market price changes,
6. the main brand of price changes
Second, the macroeconomic environment and policy information
1. National Development and Reform Commission deputy director: 4 measures to promote the demonstration and popularization of new energy vehicles.
National Development and Reform Commission will cooperate with relevant departments in the following areas, and vigorously promote energy conservation and new energy vehicle demonstration and extension of experimental work. First, with the country's 13 energy-saving and new energy vehicle demonstration and extension of pilot cities to work, through the accumulation of work experience and explore a large area to promote energy conservation and new energy vehicles in working methods, further improve the energy saving products and equipment to promote mechanisms. Second, in conjunction with national authorities to implement energy-saving technological transformation projects and new energy vehicles, focusing on promoting electric vehicles, plug-in hybrid cars, key auto parts and new energy to achieve rapid industrialization, and its implementation of technological innovation, promote energy conservation and new energy automotive industry to accelerate development, reduce production costs. Third, the study introduced to encourage energy saving and new energy vehicles vehicle purchase and use of policy measures, such as the introduction of energy saving and new energy vehicles and tax price preferential policies, timely raise passenger cars, light commercial vehicles and heavy commercial vehicle fuel consumption limit standards, accelerate the establishment of car parks and other public places, fast charging electric vehicle network to promote energy conservation and new energy vehicle development to create a good environment. IV is in line with national authorities and introduce a large-scale promotion of energy saving and new energy vehicles in working methods, with automatic start and stop functions from the mild hybrid car to start, and gradually to hybrid vehicles and pure electric vehicles extended by way of direct financial subsidies large-scale promotion of energy conservation and new energy vehicles.
Analysis:. to promote the line is clear, from the industry to encourage consumption and promote the start line, which is the company's huge market opportunity.
2. 2008 of National economic and social development statistical communique.
08 30.067 trillion yuan in GDP, an increase of 9.0%. By the end of a total population of 132,802 people. consumer prices rose 5.9% over the previous year. By the end of employment 77,480 million, an increase over the previous year 490 million people. 12.9112 trillion yuan of industrial added value all year, an increase of 9.5%. The completed construction industry added value of 1.7071 trillion yuan, an increase of 7.1%. < br> The completed investment in fixed assets 17.2291 trillion yuan, an increase of 25.5%. sub-urban view, urban investment 14.8167 trillion yuan, up 26.1%; rural investment 2.4124 trillion yuan, an increase of 21.5%. sub-region, the eastern region investment 8.7412 trillion yuan, an increase of 20.9%; investment 4.5384 trillion yuan central region, an increase of 32.6%; the western region investment 3.5839 trillion yuan, an increase of 26.9%.
the end of civilian cars in the country to reach 64.67 million (including the three wheel speed goods vehicles 14,920,000), up 13.5% over the previous year, of which 41.73 million of private car ownership, an increase of 18.1%. civilian car ownership in 24,380,000, an increase of 24.5%, of which 19.47 million private cars, an increase of 28.0%.
annual per capita net income of rural residents 4,761 yuan after deducting price factors, the actual increase of 8.0% over the previous year; per capita disposable income of urban residents and 15,781 yuan, a real increase of 8.4% ..
:. measured by statistical bulletin, 2008 $ 3,300 per capita data in GDP, the city's annual average household income of more than 6000 U.S. dollars, China's motorization is very problematic. foreign countries the same GDP and income is much higher than the car popular in China, the popularity of China policy shortcomings.
3. Deputy Minister of Industry and Information: seize the opportunity to promote the application of new energy vehicles revitalize the automobile industry.
Miao Wei, vice minister of Ministry of Industry, said recently that the Ministry of Industry attaches great importance to energy saving and new energy vehicles R & D and industrialization, has taken the following measures: First, to develop mandatory national limits for vehicle fuel consumption standards, and gradually improve the fuel consumption publicity and identification system. The second is to actively promote the escalation of vehicle emission standards. Third, by enacting utilization.
future will further strengthen the Ministry of Industry and the Ministry of Finance, Ministry of Science, the National Development and Reform Commission and other departments to coordinate with, energy saving and new energy vehicles as an opportunity to demonstrate applications, from industrial planning, industrial policy and technical standards many aspects of promoting China's automobile industry restructuring and technological upgrading. First, to actively implement the auto industry restructuring and rejuvenation of the main initiatives for, preferably a group of science and technology research and investment projects, start the car industry, the early stage of development planning study to update the structure of the automobile industry adjust directory and guide the industrial development policies. Second, implement and improve the automobile industry development policy, regulate the automobile industry competition order to promote the automobile industry structure optimization and upgrading. Third, the strengthening of regional layout adjustment, to encourage regional comparative advantages to play a car-related industries, formation of a certain competitive automotive industry cluster. Fourth, cars and auto parts enterprises to enhance technological innovation and product upgrading, especially for energy-saving and new energy vehicles and key components needed to organize the implementation of a number of key technological transformation projects . Fifth, strengthen the standards of management, improve the management system announcement, in particular, according to energy-saving and new energy development needs of the automotive industry, improve the industry standard operating system and energy saving and new energy vehicles announcement management system ..
Analysis:. New car is a long-term energy development objectives, short-term need to encourage the system to build. And General Motors is currently the focus of competition, the hybrid model is the first routine should do, how to enhance the technical level of own brand products and to promote universal access is the current car revitalization plan, an important issue.
4. Shanghai film licensing policy may be major changes in July.
developed in the actively balanced development of urban transportation resources policies and practices, but will not be allowed to limit the implementation of motor vehicle license, auction hinder personal automobile consumption. Shanghai licensing policy despite the popular film criticism, but also to some extent alleviated the traffic problems . If you cancel the card shot, Shanghai's traffic is likely to be paralyzed. Therefore, Shanghai is bound to find other ways to control the card instead of making the number of cars. It is understood that the relevant government departments in Shanghai have begun to discuss the measures taken after the abolition of licensing, licensing policy is very likely shooting in July there is a big change.
Analysis:. Shanghai's licensing policy is to shoot to kill the poor to the rich local policies, the normal prevalence of Shanghai should be able to cope with the traffic, or other world developed State largest city of Shanghai will be learning. rationalize the cost structure, so that car costs, car costs is a reasonable choice.
5. car revitalization plan targets three years of public service vehicles quantitative tilt brands.
Automotive restructuring and rejuvenation of China's automobile industry made the eight development goals the next three years, and quantified: first, production and sales targets. The plan of domestic car sales in 2009 to try more than 10 million, the next three years the average annual growth of 10% . Second, the auto consumption environment improved significantly. the state will introduce policies to abolish restrictions on vehicle purchase and use some of the unreasonable requirements. Third, the market demand structure has been optimized displacement of 1,5 liters of passenger cars to reach 40% market share above, 1.0 liters displacement to reach 15%. Fourth, increase the domestic auto industry mergers and acquisitions efforts. The plan, the domestic annual sales of more than 2 million auto groups to achieve 2m3 home, more than one million of the home to 4m5 . accounting for more than 90% car sales car enterprise group number, from the current 14 down to 10 or less. Fifth, to encourage the development of own-brand cars. own brand passenger car market share to reach 40% market own-brand cars share to reach 30%. own brand domestic car auto exports to reach almost 10% of total sales. Sixth scale electric cars, to form an annual production capacity of 50 million units. Seventh, improve the level of vehicle development. Eighth The key auto parts to achieve autonomy.
The plan to support the large automobile enterprise groups through mergers and acquisitions in support of auto parts enterprises to scale through mergers and acquisitions. encourage FAW, Dongfeng, SAIC, Chang'an in the country mergers and acquisitions. support the Beijing Auto, Guangzhou Auto, Chery Automobile and heavy regional mergers and acquisitions. In order to accelerate the implementation of new energy vehicles strategies to promote use of electric cars, plans to establish a proposed network of fast charging electric vehicles, speed up the car parks and other public places of public charging facilities. To support the expansion of own-brand passenger car market share, plans to put forward its own brand of government procurement tilt, beginning in 2009, official vehicles shall not be less than 50% own brand, innovation of new energy vehicles, the Government's priority procurement. There are dozens of supporting measures, led by the relevant ministries, to be refined after the launch of the implementation.
Analysis:. To properly understand the policy, restructuring and revitalization of the core is first necessary to adjust organizations, products, energy mix, demand and other structures, on this basis is to revitalize. So this policy a huge impact on the industry, particularly the fate of the enterprise and technology-oriented lines. Its biggest flaw is that the core of consumer credit policy for lack of support for market development.
Third, the new car information
1. Crown lengthening FAW Toyota Reiz 3 facelifted car introduced
foreign-made RAV4 Apart from some configuration other than by the localization will be carried out with, but also in the sale of terms will be slightly lower than the price of CR-V, RAV4 also made another full-time four-wheel drive systems and equipment, limited slip differential, and Hill Descent feature, 4-speed automatic transmission table. XIII on behalf of the Crown will continue in Tianjin FAW The second production plant, and may be made after the extended, so that the wheelbase of the new crown will be close to three meters. facelift FAW Toyota Reiz is the focus of next year, models, redesigned headlamps Reiz Camry used style style headlamps.
Analysis:. Toyota's new and changed few highlights of new models, the future can only look bright spot prices.
2. Lifan Edition Price not more than 48,800 yuan
Lifan 320 shaped like BMW length and breadth are 3755mm, 1624mm and 1435mm, minimum ground clearance is 135mm, with a good performance of .2340 mm wheelbase by the AO-level models allowed unmatched space superiority. Lifan Lifan 320 is equipped with self LF479Q3 1.3L engine, front drive in the form of precursor, with a five-speed manual transmission, a displacement of 1.3L, the output power 65kw/6000rpm, top speed 155 km / hour. which, while superior engine power is also very economic savings: constant fuel consumption of only 4.8 liters per 90 km. Lifan 320 with four-wheel independent suspension, front suspension is McPherson independent suspension + stabilizer bar, trailing arm rear suspension lateral stability for the single-hung frame ..
Analysis:. With Resembling ;, innovative fashion, the engine performance is relatively good, as Suzuki's most popular model, and the success of this model of Lifan words, but also with a good engine performance, and the interior needs work fine, after all, consumers become increasingly discerning tastes, and if this can be started after the listing hatchback reputation, the future is very optimistic about market prospects ..
3. Skoda Superb will be renamed Hao Rui
made the new name of Sri Lanka Keda Hao Rui officially incorporated as it made Skoda's wheelbase and spatial arrangement of a more practical model is the Skoda brand characteristics.
Hao Rui longer wheelbase than the full MAGOTAN 5.2 cm, which reached 2,761 mm, Sri Lanka will be used Keda Hao Rui 1.8 TSI turbocharged engine and the 2.0 TSI turbocharged engine. Both engines will be equipped with 6-speed TipTronic automated manual transmission, while the entry-level 1.8TSI models with 5-speed manual transmission version ..
Analysis:. Sri Lanka Kodak names new model speed faction independent of the Skoda system more constructive, but the name is too similar nature, with sharp words may belong to different multinational brands, easily confused. less time in the car, This system approach very well, but there are too many cars, not the characteristics of a good word that most people will remember. now is the enemy of the product with the door position is very clear contrast between the two products clearly see MAGOTAN disadvantage.
IV News
1. FAW Group to develop new energy development strategy.
FAW Group will increase the adjustment of product structure, strengthen the policy benefit of product marketing, and has been the first to start the countryside power bus technical and industrial advantages, and promote hybrid bus in Changchun, Dalian demonstration run, accelerate the commercialization process. In the own-brand cars research and development of new energy technologies, focusing on hybrid technology, FAW, Plug-in Technology and pure electric technology. in the production of hybrid cars, from 2009 to 2011, plans to produce hybrid buses are 100, 200, 450; hybrid cars are 20, 100, 200. By 2012, an annual production capacity of 11,000 hybrid cars, hybrid bus production base in 1000 will be built in the FAW, planned to achieve the annual goal: 800 hybrid buses, hybrid cars 1600 ..
Analysis:. FAW new energy strategy and technology may not like lines, but without the car forward, the effect will be less hybrid, it is more important to promote low-emission cars, but the state did not buy the dead hybrid and other new energy subsidies, the promotion of enterprises, mainly in commercial areas, this requires a clear policy as soon as possible, otherwise the enterprise passive.
2. Yulon LUXGEN satisfied that McNair will be available or intellectual reputation in the production.
Zhejiang Zhongyu Group Yulon Group and China Taiwan Province, signed a joint venture agreement, both sides will be in Hangzhou Xiaoshan Passenger Vehicle Company to build its own brand, with each holding 50% of the shares. joint venture, a 1,600 acres of land, investment more than 30 billion yuan, an annual design capacity of 120,000 vehicle, engine 20 million units, will be officially put into operation in 2009. According to reports, Taiwan Yulon reputation in 2007 with the commencement of negotiations and joint venture in March 2008 Jie Chi satisfied established a joint venture car company car including the domestic market demand of the SUV, MPV and other products, will be officially put into operation in 2009 ..
Analysis:. Zhejiang Zhongyu still eligible for the current passenger cars, but the production stopped, the joint venture outlook, which also led to further expansion of passenger car manufacturers and risks.
3. Changan Mazda on sale during the year will push two new imported cars.
Changan Mazda will 2008 sales of 44,000 units, a 1.5% market share based on sales in 2009 to reach 6 million units, occupying 2% of market share growth target. At the same time, 09 Changan Mazda dealer plans to expand the overall size to 110. from the market segments in terms of, A0, A-Class accounted for the largest market share as a proportion of the two market segments, the growth rate will be significantly higher than other market segments, is expected in 2009, respectively 6% and 4% growth. Fujihashi President believes that it is based on the judge he was able to achieve this year, Changan Mazda sales growth target of 40% confidence. around this goal, Changan Mazda business in 2009 proposed the marketing strategy, improve dealer profitability, enhance market responsiveness, increase customer satisfaction with three aspects of comprehensive.
enhance dealer profitability can be decomposed into the block capacity. In terms of customer satisfaction improvement, Changan Mazda developed a decided to import cars into the network ..
Changan Mazda Motor Sales Analysis: 2009 tax reform and the new purchase of the fuel tax and a series of New Deal fully reflects the country through the revitalization of the automotive industry, determination to promote economic development through strong advocacy and encourage consumption of low-emission small cars, will continue to drive the growth of this market share, which for the Changan Mazda to A0-and A-level models constitute a full range of products to create a more favorable market environment. In the new market environment under the full range of products Changan Mazda Mazda2, Mazda2 Jin Xiang, Mazda3 displacement from 1.3L to 2.0L range to 1.6L the following main product structure, will be more competitive. especially the fuel tax and purchase tax introduced the New Deal , so that Changan Mazda models have gained almost all benefits in the past products l r fuel-efficient power of word of mouth is not provincial, and now can also save money with l r label. can be said that Changan Mazda market outlook for 2009 is quite optimistic .
4. FAW Group to increase research and development efforts independently.
FAW Group, will increase this year, independent research and development, technology R & D budget will reach 4.23 billion yuan, 1.61 billion more than last year, an increase of 61.45 %. focus on independent research and development, integration and adjustment in the product platform, the FAW Group will speed up the luxury sedan L, H high-end cars, M in the car, S 4, a large small car platform, to speed up the heavy-duty trucks, light trucks, mini car platform classification criteria, and accelerate the liberation of heavy-duty trucks towing, dump and cargo such as the integration of product platform. in product development, this year will focus on the FAW FAW Group Corporation C131 and A130 of new products, the company FAW light vehicles L330 and V91 for products, FAW Jilin Automobile Company AV9 minicar products and FAW Bus Company 12 meters 12 meters city bus and highway bus and other new product development ..
Analysis:. FAW plans for high-end considered more cars on the small car market trend to grasp enough of the efforts to promote new car is not strong, so detrimental to the overall rapid development.
5. wide transformation of the SDL will use the old .
Honda has produced is an older version of its SDL (City) sub-compact car platform for the transfer to its joint venture in China, Guangzhou Honda Automobile Co., Ltd.. Guangzhou Honda will use the platform to its ; own brand developed an economical car.
GM has similar plans. Some agents have said that GM is about to be replaced its old Buick Excelle compact sedan (Excelle) platform to transfer out. GM m in Liuzhou, a subsidiary of SAIC-GM-Wuling Automobile Co., Ltd. will use GM technology to develop a new brand of a car. new car market in two years, the price will be much lower than the cross- Automobile manufacturers are currently sold in China in any small car.
At the same time, Volkswagen Santana and Jetta have these two old economy cars to move some production in Nanjing, and Chengdu, Yangtze River. lower cost after the relocation of production from the market more recently, will help the German car manufacturers to cut prices, the supply to the inland areas of China cheaper car ..
Analysis:. joint venture to accelerate the localization process , which also requires national policy to encourage, improve the ability to control the joint venture increased viability.
6. Dongfeng Nissan Renault brewing in the domestic.
2 26, Division of imported cars, said Reynolds, Renault will reconsider cooperation with Dongfeng Nissan, a positive realization of domestic brewing. Dongfeng Nissan Renault has always been an important cooperative members, Renault, ������ղ� program of cooperation has continued. Renault to achieve localization in the waiting time, New Laguna, and announced a new China strategy, including the launch of new products, improve service quality and expanding the distribution network and brand image, etc. ..
analysis:. Reynolds's domestic production should be an inevitable trend, The key is the mode of entry, this clearly is a good thing into the Nissan, it may form a pattern similar to Dragon.
7. Chongqing Lifan is expected to market in 2010 the first micro-surface.
Lifan's first micro-car van market in 2010, equipped with 1.3L engine, priced 4 million. Lifan Micro-surface products and interior body size with the Wuling Sunshine, and other mainstream micro-surface close to Chang. Meanwhile, suburban planning in Chongqing Lifan micro-surface plant construction, plant has begun to take shape, a capacity of 150,000, all after the completion of production capacity will reach 30 million. As for the micro-plane and car sales network and the network certainly will not sell. At present, Lifan there are cars, Three trucks and passenger vehicle business, sales of close to 40,000 in 2008, its 2009 sales target is set at 60,000 ..
Analysis:. Lifan Micro-off project should have a good basic external support, clusters of micro-off in Chongqing in the competition will have a better development. as long as Chang'an develop, Lifan, Dongfeng will be able to follow the move off, so that a full break of the competition with a combination of competitive industries, which is rare industrial system, of which the core is to support the rapid development of Chang'an.
8. JAC dragged by car net loss dropped sharply.
JAC Annual Report 2008, released during the reporting period JAC total profit of about 22.67 million yuan , down 94.58%; net profit of 57.05 million yuan, down 82.63%.
unsatisfactory performance JAC 2008, a major culprit is the core earnings mm Refine product appeared more substantial commercial vehicle sales down, which directly caused the average gross margin decreased product. And from the current situation, in 2009 Refine business cars will face the risk of slightly lower sales. analysts JAC light truck and car product profitability can not be optimistic. As the car's introduction of light industries, JAC light truck products are expected to benefit from the limited contribution to its profits. The car has become the main cause of drag on the performance of JAC. According to Annual Reports, JAC sedan to market soon, has not scale ...
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