Review and Prospect of JDPower's China Automotive Market

In the middle of 2011, we have launched a series of topics for JDPower. Among them, the IQS (New Car Quality) and SSI (Car Sales Satisfaction) surveys in the Chinese market are particularly concerned by Chinese car consumers. China's car-purchasing community is also increasingly improving in terms of automotive expertise. Today, JDPower Asia Pacific held a 2012 conference in Beijing. Dr. Mei Songlin, General Manager of China Research for JDPower Asia Pacific, Mr. Zeng Zhiling, LMC Asia Pacific Market Forecasting Director, and Mr. Geoff, Vice President of JDPower Asia Pacific, took office in 2011. China's auto market has been reviewed and summarized, and combined with the status quo of the global automotive market, it has made predictions and outlooks. The following is a summary of the highlights of the conference:

"Mr. Zeng Zhiling, Director of LMC Asia-Pacific Automotive Market Forecasting"

The development trend of China's passenger vehicle market in the past 12 years:

From 2000 to 2012, we can see that the passenger car market in China is a growth cycle every five years. As the supply relationship changes, the growth trend of the automotive market is slowing year by year. In addition, between car manufacturers, Competition has become increasingly fierce.

2011 JDPower China Auto Market Review / Outlook

In the Chinese market segment, the ratio of medium-sized cars and entry-level medium-sized cars in China has changed most significantly in the past 11 years. From the data provided by JDPower, the percentage of entry-level medium-sized cars has dropped from 42% in 2000 to 2011. 18%, while the proportion of medium-sized cars increased from the initial 13% to the current 37%. In addition, it needs to be particularly pointed out that starting in 2008, China's SUV models have begun to receive attention and love from consumers, rapidly increasing from 4% to 17% in 2011.

2011 JDPower China Auto Market Review / Outlook

The following chart allows us to clearly see the gap between self-owned brands and international branded automotive products in the four major surveys: sales satisfaction, after-sales service satisfaction, new car quality, and product attractiveness. In the new car quality research project, the gap between self-owned brands and international brands is relatively large, which also reflects from the side that the quality of new cars should be the focus of independent car companies.

2011 JDPower China Auto Market Review / Outlook

China's auto market outlook:

From the JDPower survey, we learned that in 2011 China's auto market accounted for 24% of the global market, and this year, sales growth is expected to account for 40% of the global increase, which means that China will become the global automotive market. New focus. This also explains why GM and Volkswagen have taken China as their largest market to develop and develop.

2011 JDPower China Auto Market Review / Outlook

2011 JDPower China Auto Market Review/Expectations Since 2005, the global auto market demand has sprouted, and the proportion of emerging markets has reached 55% in 2011. China and India bear the brunt of the development of the emerging auto market. The forerunner. JDPower predicts that by 2018, the top four in the world's top ten auto market will be occupied by China, India, Brazil and Russia, respectively, while China and India will have a growth rate of 95-160%.

Turbocharged engines will become even more popular:

2011 JDPower China Auto Market Review / Outlook

JDPower predicts that in the next five years, turbocharged engines will be further popularized. From 2009 to last year, the penetration rate of turbocharged engines in the Chinese market was only 5%, with the cost reduction of the technology and consumption in China. By the endorsement of the engine, by 2018, the penetration rate of turbocharged engines will reach 25%.

New Energy Vehicle Development Roadmap:

JDPower China Auto Market Review/Outlook in 2011 At the report meeting, JDPower also outlined a roadmap for the development of new energy vehicles in China. JDPower said that because bus lines have fixed lines, government subsidies are easy to realize, and the mileage is relatively short. Because of this, in the short to medium term, new energy vehicles will have greater opportunities to operate in the public service sector.

Editor's Note: Through JDPower's review of China's auto market and its outlook, it is not difficult to see that although the growth rate of the Chinese auto market slowed down last year, the potential growth potential is still very impressive. This is why major auto companies have successively taken China as their first priority. The root cause of a sales market. With J. D. With the popularity of Power investigators in China and the abundance and promotion of survey items, Chinese consumers will have more reference data to conduct a comprehensive assessment of the car purchase process. The major car companies are under certain pressure to better upgrade and improve their automotive products. (Text / car home Cao Lei)