Shanghai Fortis: Recent Investment Strategies of the Automotive Industry

In 2008, the auto industry continued its rapid growth. In January, automobile sales reached 859,400 units, an increase of 19.83% year-on-year, and sales volume hit another record high. The production and sales of passenger cars and commercial vehicles show a good situation of synchronous growth. Passenger car sales of 661.9 thousand vehicles, an increase of 19.80%. Commercial vehicle sales reached 197,500 units, an increase of 19.91% year-on-year. Passenger car: The car is stable, the SUV is growing rapidly, and the MPV fluctuates slightly. Car Market: In January 2008, the total sales volume of the domestic car market reached 493,754 units, which also hit a record high. Its stable growth rate of 21.6% year-on-year was an important guarantee for the rapid growth of the passenger car market as a whole. It is expected that the sales of passenger cars in February will be affected by the Spring Festival holiday, and a total of 16 sales working days will make the sales of the sedan market reach the bottom of the year. However, in terms of year-on-year growth, it is still relatively optimistic.

From the perspective of market segments, the market share of mainstream high-end sedan cars for commercial use increased by nearly one percentage point from that in December, indicating a strong growth momentum; the decline in mid-size sedan was slight, but the absolute volume remained stable; compact cars The market continues to expand its market share, which also shows that private car purchases will be the main driving force for the rise of the Chinese passenger car market; the small car market has performed poorly this month, and sales volume has shown a slight decline; on the contrary, mini cars Market performance has picked up.

SUV: In January 2008, the total domestic SUV market volume was 37,766 units, an increase of 61.5% year-on-year, reaching the second highest in history. At the same time, the rapid growth of SUVs this month is also the main factor driving the overall upswing of the passenger car market. It is expected that SUV sales will continue to hit record highs without significant changes in policy.

MPV: The market share of large-scale MPVs decreased significantly, medium-sized MPVs were relatively stable, and sales volume and market share of small-sized MPVs increased simultaneously.

Commercial vehicle growth rate close to 20%

Truck: In January, the overall growth rate of commercial vehicles reached 19.9%. The growth rate was significantly faster than the previous month (5.25%). The growth rate of light trucks increased from 16.2% in the previous month to 29.6%, and the growth rate of heavy trucks increased from 26.2% in the previous month. 41.0% was the main driving force for the acceleration of commercial vehicle growth in January. At present, heavy trucks are the most divergent industries in the market. It is generally expected that the heavy trucks will experience negative growth or slight growth. However, we believe that heavy trucks will continue to maintain rapid growth.

Passenger cars: From the segmentation perspective, only three big passengers segmented industries have high-speed growth of 47.3%. Zhongke and light passengers only have a growth rate of more than 5%; the truck segmentation industry is even more differentiated. Large, heavy-duty trucks and light trucks achieved rapid growth of 41.0% and 29.6% respectively in January, while both China Cards and micro-cards experienced declines, presenting a shift in the structure of trucks.