JINGHONG

Forecast of the development trend of my country's auto parts industry in 2013

The market capacity has become larger and the structure has changed.

In 2012, the car ownership further increased. The production and sales of complete vehicles were 19,271,800 and 19,306,400 respectively, an increase of 4.6% and 4.3% year-on-year respectively, and the growth rate was steady with progress. As of June 2012, my country's car ownership was 114 million. By 2015, it will maintain a high growth rate of 8% to 10%. It is estimated that in the three years from 2013 to 2015, my country's auto parts market will be close to 1.5 trillion.​​

In comparison, high-end cars have seen a larger growth rate, and mid-end models are still the main force in the market. The deepening of the urbanization process and the increase of residents' disposable income have promoted the steady growth of the auto industry and provided great support for the growth of the auto parts industry. According to statistics, in 2012, the sales volume of my country's auto parts industry increased by 11.9% year-on-year.​​

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