Xinhua News Agency, Beijing, December 22 (Reporter Zhang Yi) The forecast from the China Automotive Technology and Research Center believes that as China’s economy continues to grow and the people’s living standards continue to improve, the number of people in our country that have the ability to purchase cars has greatly increased, and domestic car demand has increased. In the next 20 years will continue to expand rapidly, China's auto market has entered a sustained, high-speed growth period.
During the "10th Five-Year Plan" period, especially after China's accession to the World Trade Organization, China's auto market expanded rapidly, entered the stage of private car purchase, and at the same time it became the world's third largest consumer car market.
Before the 1990s, China's auto market was in the official car phase. 70% of the demand came from official vehicles of government and public institutions, 30% were commercial vehicles, and almost no private cars were used. From 1990 to 2000, the share of official vehicles fell, the share of commercial vehicles increased, and private car purchases started. Since China joined the World Trade Organization at the end of 2001, with the intensified competition in China's auto market, the continuous launch of new models and the sharp drop in vehicle prices, the proportion of private car purchases in the entire market has increased dramatically. In 2003, it was estimated to have exceeded 70%. It is constantly improving.
According to the practice of all countries in the world, the auto market enters the stage of private car purchase, and the car market will accelerate into the growth period. The demand for private cars is much higher than official vehicles, providing good opportunities for the sustained and rapid development of China's auto industry. The relevant analysis believes that in the next 20 years, China will continue to show the trend of rapid development of the auto industry driven by cars, and the proportion of cars will further increase. It is expected that around 2008 will be the starting year for large-scale Chinese cars entering the family. Passenger cars and trucks will reach saturation around 2015. In the next 10 years, China will become a big consumer of automobiles. The annual demand of the car market will exceed 10 million.
With the continuous expansion and maturation of the domestic auto market, the continuous improvement of domestic auto companies’ independent innovation capabilities, large-scale integration and mergers, and the continuous improvement of the automotive market environment and consumer environment, China’s auto industry has been in the “Eleventh Five-Year Plan†period. For a longer period of time, it will continue to maintain a relatively rapid pace of development and become a true pillar industry of the national economy. (Finish)