The latest forecast shows that the overall passenger car market in China is expected to be better than this year in 2016. Its annual sales volume has increased by 3.3% year-on-year, and it is still showing a low growth rate. At the same time, there will be 7 major development trends in China's domestic auto market in 2016.
The reporter learned from the China Automotive Technology and Research Center on the 16th that in 2016 the country will hope for economic growth to expand consumption, and the driving effect of automobiles on consumption cannot be ignored. The policy of halving the automobile purchase tax has a certain pulling effect on the Chinese auto market. Under the influence of factors such as price cuts, weak stock market effects and multiple favorable policies, consumers' willingness to purchase cars will be enhanced compared with this year.
In the seven major development trends of China's domestic auto market in 2016, the first is that the trend of rejuvenation of first-time car buyers is more obvious, and the demand for personalization and diversification increases.
Secondly, from the market segment, the A0 (small car) SUV continues to grow but the competition is more intense. MPV continues to replace traditional micro-customers to maintain growth, and the car market continues to shrink.
The third is that thanks to the A0-level SUV and micro-MPV and the car purchase tax halving policy, the share of independent brands has further increased.
Fourth, due to national policy guidance and continuous improvement of infrastructure, new energy vehicles continue to grow exponentially.
Fifth, the 4-6 cities in the central and western regions with low car ownership are still the main source of market growth.
Sixth, small-scale turbocharged models are favored by the fuel consumption limit and the halving of the car purchase tax.
Finally, the aftermarket of used cars, auto e-commerce, auto finance, etc. continues to be a hot spot for the market.
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