After experiencing the hardships in the fourth quarter of last year, the city’s automobile industry gradually recovered. Yesterday, the Chongqing Municipal Bureau of Statistics stated in the "State of the Development of the Automotive Industry in the City," that starting in February of this year, the production and sales of new energy-saving small-displacement cars, mini-vehicles, and heavy-duty vehicles have become prosperous.
In February, Chongqing's automobile industry completely reversed the passive situation that has continuously dropped since the fourth quarter of last year.
“The automobile industry can usher in the spring so quickly thanks to the rapid growth in the demand for new energy-saving cars, small-displacement cars, micro-cars, and heavy-duty vehicles.†The relevant person in charge of the Bureau of Statistics said that the city’s car production Among them, nearly half were cars, and in May alone, the city’s car production was 50,300, an increase of 30.2% year-on-year, driving the city’s car production growth by 16.1 percentage points.
Affected by the automobile purchase tax policy, the production and sales of passenger cars with a displacement below 1.6 liters have grown rapidly. In May, the output of such models was 34,900, an increase of 83.1% year-on-year, which led to an increase of 21.8 percentage points in the city; Driven by the expansion of domestic demand investment, the production and sales of mini-vehicles and heavy-duty trucks in the city have also increased significantly.
However, the statistics from the Chongqing Municipal Bureau of Statistics also showed that due to the purchase tax preference enjoyed by low-emission models, the sales of large, medium, and high-emission cars have been sluggish this year.
With the gradual recovery of automobile production, the economic benefits of the industry are also improving. Statistics from the Chongqing Municipal Bureau of Statistics show that from January to May this year, the city’s auto industry’s operating income increased by 17.8% year-on-year, while total profit decreased by 29.9% year-on-year, but the decline rate was 53.8 percentage points lower than that in January-February.
For example, the Chongqing Changan Automobile Co., Ltd., the loss in January-February this year is 0.16 billion, while the end of May achieved profits reached 259 million yuan.
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