The retail turnover of automobiles and locomotives is expected to exceed 600 billion yuan, reaching a new high.

The retail turnover of automobiles and locomotives is expected to exceed 600 billion yuan, reaching a new high.

The Ministry of Economic Affairs said on the 15th that the retail turnover of automobiles and locomotives in 105 years is expected to reach a new high, mainly due to the rapid increase in the share of imported cars, so that the number of new locomotives listed in the previous October has exceeded that of the whole of last year.

The Ministry of Economic Affairs said that according to the observation of turnover in the past 10 years, due to the impact of international oil prices reaching a record high (OPEC oil prices reached a high of US $140.7 per barrel) and the global financial turmoil in 1997, domestic consumption momentum tightened and automobile and motorcycle sales declined synchronously, resulting in a turnover of only 341.7 billion yuan, an annual decrease of 20.2%. After that, with the government's introduction of a tax reduction on motor vehicles and a drop in oil prices, coupled with the economic recovery, it effectively boosted the willingness to consume. As a result, from 1998 to 100, it showed double-digit growth for three consecutive years, crossed the 500 billion yuan mark in 100 years, and changed cars every 10 years in 103 years, with an annual increase of 8.0%, the largest increase in 101 years, and a further increase of 1.2% in 104 years. This year, encouraged by the subsidy policy to replace the old and replace the old, oil prices remain low and imported cars actively seize the market. The turnover from January to October was 501.5 billion yuan, an annual increase of 4.5%. It is estimated that the annual revenue is expected to exceed 600 billion yuan, and continue to hit a new high.

The retail turnover of automobiles and locomotives is dominated by cars with high unit prices. From January to October 105, the number of newly listed cars was 359000, reaching a new high in the same period of nearly 11 years, with an annual increase of 4.5 percent, including an annual increase of 1.9 percent for domestic cars and 8.8 percent for imported cars. According to the observation of market share, the market share of domestic cars has dropped from 81.4% in 1997 to 60.9% now, while the market share of imported cars has increased from 18.6% to 39.1%, an increase of 20.5 percentage points, indicating that the market share of imported cars has increased rapidly due to the increasing diversity of models and the narrowing of the price gap between imported cars and domestic cars.

In addition, encouraged by the government subsidy policy, the number of new locomotives listed in the first 10 months of this year reached 710000, exceeding the 700000 in the whole of last year, setting a 101-year high, with an annual increase of 18.3%. Nearly 16000 new locomotives were listed in the first 10 months of this year, an annual increase of 151.0%.

The retail turnover of ▲ motor and locomotives is expected to exceed 600 billion yuan, reaching a new high.