SMM News: a shares late, auto stocks pull up, FAW Xia Li pull up the seal, Jianghuai cars, Dongfeng cars, FAW cars and other rapid rise. A number of stocks in the plate float red.
In the afternoon, it was reported that the China Automobile Association suggested adjusting the allocation tax rate for passenger cars with small emissions (below 1.6L) and introducing a policy for cars to go to the countryside to promote consumption. The China Automobile Association proposes to introduce policies to stimulate consumption potential as soon as possible, including appropriately increasing vehicle license plate quotas in restricted areas, lifting restrictions on the purchase of new energy vehicles, and optimizing and continuing the subsidy policy for new energy vehicles.
Prior to this, the China Automobile Association released China Automobile production and sales data, once triggered a decline in the plate, but after the China Automobile Association put forward the proposal, the car plate suddenly pulled up in the opposite direction.
According to the latest production and sales data released by the China Automobile Association, car production and sales fell sharply in February compared with the same period last year. Car production and sales reached 285000 and 310000 respectively, down 83.9% from the previous month, 79.8% and 79.1% respectively from the same period last year.
From January to February, car production and sales reached 2.048 million and 2.238 million respectively, down 45.8 per cent and 42 per cent respectively from the same period last year.
In February, the production and sale of new energy vehicles reached 9951 and 12908 respectively, down 82.9 per cent and 75.2 per cent respectively from the same period last year, and from January to February, the production and sale of new energy vehicles reached 53840 and 59705 respectively, down 63.8 per cent and 59.5 per cent respectively from the same period last year.
Due to the impact of the epidemic in January more car production and sales, epidemic prevention and control measures are mainly concentrated in February, affecting the progress of the entire consumer economy, so production and sales in February is relatively low.
In January this year, car production and sales reached 1.783 million and 1.941 million respectively, down 33.5 per cent and 27.0 per cent respectively from the previous month, and 24.6 per cent and 18.0 per cent respectively from the same period last year. Of these, the production and sales of new energy passenger vehicles are expected to complete 35000 and 39000, down 56.3 per cent and 54.5 per cent respectively from the same period last year.
Affected by the epidemic, since the outbreak of the epidemic, the government has been concerned about the consumption of the automobile market, and has taken a number of measures to relax restrictions on automobile consumption. At a news conference on the website of the Ministry of Commerce, Wang Bin, deputy director of the Department of Market Operations of the Ministry of Commerce, said The Ministry of Commerce will thoroughly implement the important decision and arrangement of the central government on "actively stabilizing traditional mass consumption such as automobiles" and the spirit of "opinions of the General Office of the State Council on speeding up the Development of Circulation and promoting Commercial consumption." in conjunction with relevant departments, we will study and promulgate policies and measures to further stabilize automobile consumption, so as to mitigate the impact of the epidemic on automobile consumption. At the same time, in the light of changes in the situation, various localities are encouraged to introduce measures to promote the consumption of new energy vehicles, increase the purchase restrictions on traditional vehicles, and carry out measures such as swapping cars for new ones, so as to promote automobile consumption.
At the same time, local governments have also actively subsidized new energy vehicles, and so on. Among them, the Guangzhou Municipal people's Government has issued documents saying that it will give individual consumers a comprehensive subsidy of 10,000 yuan per vehicle for purchasing new energy vehicles, and that car sales enterprises registered in Guangzhou will purchase "National six" standard new cars with a subsidy of 3000 yuan each.
Earlier, in the area of traditional cars, the China Automobile Association also said that the association did submit a proposal to the relevant departments to postpone the implementation of national six emission standards, but did not disclose it.
All these show that at present, the automobile market is greatly affected by the epidemic, and the government and the market are also trying to overcome the immediate difficulties. Chen Shihua, deputy secretary general of the China Automobile Association, said earlier: "it is expected that in 2020, China's macro-economy will maintain stable growth, and China's automobile industry will continue to resume its development trend of improvement, continuous adjustment, and overall stability."
Xu Haidong, deputy secretary-general of the China Automobile Association, also said at the press conference that the auto industry hit bottom in February this year and is expected to pick up in March. In the face of the current epidemic, China's auto industry is expected to fully recover in the third quarter of this year. It is impossible to make an accurate judgment on the situation for the whole of this year, but combined with the current situation, the decline this year is certainly larger than the previously estimated growth of-2%.
At present, according to the resumption of production of 23 enterprise groups closely followed by the China Automobile Association (accounting for more than 96% of annual sales), as of March 11, the rate of return to work was 90.1%, the overall recovery rate exceeded 40%, and the return rate of employees was 77%.
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