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One of the series of development of parts and components companies under the global automotive crisis
“We did not make mistakes. It was the troubles caused by financial speculators, but it caused our auto industry to bear the brunt of such tremendous pressure.†Mr. Polk of the Detroit Chamber of Commerce in the United States complained in a speech.
Indeed, the spread of the financial crisis to the current real economic crisis has affected the automotive and parts industries, leaving them in a state of mourning. The bad news of the loss of North American auto parts giants has continued. The Japanese spare parts companies that have been performing well have also suffered huge losses. Even in Germany, where the relative decline in the market is relatively small, seven large-scale parts and components companies have closed down. The global auto parts industry is facing unprecedented difficulties, and its degree of difficulty cannot be overstated in only a few decades. China's spare parts suppliers, especially commercial vehicle suppliers and suppliers with higher export dependence, have had a hard time. China's auto market experienced a decline in the second half of 2008 and there was uncertainty in 2009, which also made Chinese suppliers nervous.
The survey report of Chinese auto parts suppliers released in 2008 pointed out that if the Chinese economy and the international economy do not have major problems, auto parts suppliers are expected to experience a golden growth period of nearly 10 years. In the second half of the year, the macro and international macroeconomic environment has been facing major problems that have been encountered for decades. The prospects of the auto parts industry have become increasingly confusing. Recently, Gasgoo.com conducted a random survey of more than 20 Chinese suppliers and found that "over 7 years of pessimism over the market" accounted for more than 70%. Chinese suppliers now have lower overall confidence.
“For this sudden market downturn, it is conceivable that the customers, markets, or products in a small part of the business structure are relatively single, and the enterprises that have been extensively expanded in the early stages are faced with collapse.†Mr. Chen Wenkai, president of Gasgoo.com stated that. “But now the most important thing is to calm down and analyze the situation objectively. Pessimistic and even fearfulness will allow companies to improperly respond to the crisis and even lose opportunities in the crisis. Our preliminary judgment is that the second half of 2008 and the middle of 2009 will be China’s zero. Component suppliers have experienced the most difficult times, and different suppliers have different market positioning.â€
In response to the difficult situation faced by the auto parts industry, Chen Wenkai stated that Gasgoo.com will conduct research and analysis in different areas such as export markets, domestic matching markets, and aftermarkets to help Chinese suppliers accurately grasp the situation and overcome the situation. Difficulties help.