The growth rate of China's auto market will slow in this year

National Passenger Car Market Information Joint Association has released 2012 market conditions in January 9. The cumulative production and sales of passenger car of the year were 15,409,700 and 14,682,200, respectively, with an increase of 6.9% and 6.8%. However, with the increasing pressure due to the excessive growth of car ownership in the city, National Passenger Car Market Information Joint Association and the China Association of Automobile Dealers believe that, Countries is likely to limit the growth of the automotive industry in 2013, the estimated annual automotive market is increased by 5% in 2013.

The hot trend is continued in January

National Passenger Car Market Information Joint Association expressed, Auto market was than-expected in December last year, which is mainly in market pull effect. The data shows that the production and sales of passenger cars in December were 1,428,300 and 1,559,700, respectively, with the growth of -0.1% and 9.8%, year-on-year growth of 4.8% and 8.6%; throughout 2012, the cumulative production and sales of passenger cars were 15,409,700 and 14,682,200, an increase of 6.9% and 6.8% respectively.

National Passenger Car Market Information Joint Association believe, the economy stabilized expected lead to rising consumer confidence, combined with cold weather to promote car consumption warming. Moreover, December is not only the private car purchase peak, it is the deadline for enterprises and institutions to complete last year's plan to purchase, so, the car sales well are normal.

This optimistic market conditions are expected to continue in January 2013.  National Passenger Car Market Information Joint Association estimated, statistical year-on-year sales growth is likely to reach about 30%. The main reason is that the market upsurge period in January, Spring Festival highway tolls free, and the economic recovery is expected.

Control policies may be introduced

Due to the excessive growth of car sales and ownership, car sales have been huge contradiction with urban development, construction, roads, transportation and environmental protection, resulting in many cities Introduced car restriction policy, which may be formation of a more prominent problem in 2013.  National Passenger Car Market Information Joint Association indicated, in 2011-2012, although the automotive industry profits and taxes are more than 8% growth to spur economic growth, only two years, car ownership increased from 90 million to 120 million, traffic congestion is more severe. Conservative estimates, in the future, the auto market with average annual growth of 5.5%, in 2020, car ownership will be over 270 million, with an increase of 200% from 2010; however, in the same period, the road was up to an increase of 30% at most, which would make China's roads often paralyzed, no end of trouble.

Circulation Association indicated, the large base will have a significant impact for government departments to develop total vehicle sales target for 2013, is likely to regulate the growth rate, and not pursuit of high growth rates.

National Passenger Car Market Information Joint Association estimated, it is high probability to introduced regulatory policy in 2013, but it is estimated that the first car control efforts will not be great, expected auto market annual growth rate of about 5 percent, this is similar to the Circulation Association expected; the car market in 2013 is likely to be high to low.

In addition, Circulation Association believes that the domestic auto market is still in the rigid demands of the historical stage, with huge demand potential, the resource-based market is transition to service-oriented market, and centralized trading is becoming the dominant trends. In 2013, it will appear significant adjustments and changes, as well as innovation mode.

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