Commercial vehicle parts companies' orders growth slowed down

From January to February of this year, China's automobile production and sales volume increased rapidly, benefiting from the continued improvement of China's economy, the policy of maintaining the automobile to the countryside and the 4 trillion yuan investment plan. The sales of the whole vehicle has driven the sales of parts and components, especially in the commercial vehicle parts market. From the accessories such as brake valves and piston rings to the key assemblies such as engines and transmissions, the sales situation of related parts and components enterprises is very gratifying.

According to Qi Yufeng, director of the Propaganda Department of Shaanxi Fast Transmission Group Co., Ltd., in January this year, the company sold a total of 80037 transmissions of various types, an increase of 645% year-on-year; although slightly affected by the Spring Festival holiday in February, sales still exceeded 8 Wantai. Previously, Fast's highest monthly sales record was only 60,000 units, and the sales volume in the first two months of this year exceeded 80,000 units, which is unprecedented in the history of Fast.

Similar to the situation of Fast, Chongqing Kafu Automobile Brake Steering System Co., Ltd., Zhejiang Keli Auto Parts Co., Ltd., and other bus brake valve manufacturers. According to a person from the Chongqing Kafu Marketing Department, the company’s orders have come in the first two months of this year, and all departments are currently in an overloaded state. Zhang Lijun, chairman of Zhejiang Keli, said that the company is planning to expand the plant to expand production capacity. According to industry insiders, the above two companies account for a large share of the domestic commercial vehicle brake valve market, which can reflect the situation of the entire industry to a certain extent.

However, in the face of constantly updated production and sales records, the parts and components companies are not blindly optimistic, and even feel some anxiety. "If the sales situation in January and February of this year continues to the end of the year, this year, Fast will sell nearly 1 million units a year, compared with 540,000 units last year." A person from the Fast Market Department said that for Fast. It is somewhat unrealistic to achieve a year-on-year increase in sales of 100%. Chongqing Kafu market department said that the company's sales in January and February this year were significantly higher than the same period of the previous year, far exceeding expectations, which is somewhat abnormal.

Order growth slowed in March and April
Compared with the same period of last year, the orders of most parts and components companies in March and April are still growing, but compared with January and February this year, the increase in orders of some enterprises has begun to slow down.

“The number of orders from the supporting market in March and April has dropped significantly, which is only 80% of the order quantity in January and February.” Zhang Fengying, deputy general manager of Nanjing Feiyan Piston Ring Co., Ltd. said. Jia Qiang, Marketing Manager of Dazhong Gear Co., Ltd. of China National Heavy Duty Truck Group, said that the number of orders in the company in January and February this year has increased by about 3 to 4 times compared with the same period of last year, and the increase in orders in March and April is difficult to reach 1, 2 Monthly level.

The above phenomenon has been highly valued by some component companies, but they have not linked the slowdown to the inflection point of the commercial vehicle market. “Before the Spring Festival, people are generally optimistic about the domestic commercial vehicle market. OEMs and dealers are actively preparing goods, which has caused the shortage of commercial vehicle parts in January and February.” Zhang Fengying said that after the Spring Festival, the national macro policy became increasingly clear. The macroeconomic situation remained stable, and people gradually changed their mindset. He believes that this phenomenon is relatively normal and does not mean that the market has experienced large fluctuations.

Zhang Fengying’s point of view was recognized by Jia Qiang. He believes that due to the impact of the car-raising phenomenon that occurred last year, most of the dealers' stocks were more active at the beginning of this year, which led to the peak sales of commercial vehicles from March to April to January and February. Presenting a trend of high and low.

Inflection point may occur in the second half
At present, most component companies believe that the commercial vehicle market in the first half of the year will continue the growth momentum in 2009, but there are some concerns about the market situation in the second half of the year. Zhang Fengying believes that the complex and volatile constraints faced by China's economic development and the pre-consumption of commercial vehicle market in the first half of the year may lead to an inflection point in the commercial vehicle market in the second half of the year, which will lead to a decline in the number of orders for some parts and components enterprises.

Jia Qiang said that if China's GDP maintains steady growth this year, the 4 trillion yuan investment plan will be steadily advanced. With the improvement of the export market, it is unlikely that the domestic commercial vehicle market will experience major ups and downs in the second half of the year. However, he believes that the commercial vehicle market will gradually return to normal in the second half of the year and will not be as hot as it was in the first half of the year.

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