Automobile Industry 01 (Aug 08 - Sep 15)

[winston]

not vested

DJ MARKET TALK: China PV Sales May Surprise On Upside In 2012 - CS

1330 [Dow Jones] Credit Suisse believes China passenger vehicles (PV) 2012 sales "may surprise on the upside" from a low base; with easing inflation, real wage expansion and subsiding subsidies effect, it expects about 10% PV demand growth.

It adds that concerns about overcapacity and pricing war may be overplayed with most auto makers expected to see improving utilisation.

CS prefers PV mass over premium exposure as falling property prices and weak stock markets could impact negatively on premium demand;

It tips catalysts include potential stimulus, easing of Beijing congestion measures.

Dongfeng Motor (0489.HK) and Geely Auto (0176.HK) are CS' top picks.

Source: Dow Jones Newswire

[winston]

China Auto 2011 Review

Though positive, sales growth ratio hit a13-year low

Due to the high base and austerity economic policies, plus with the expiration of national stimulus policies for small emission vehicles and limitation of car licensing implemented in some cities, in 2011 China's auto industry demand fell sharply, with the overall sales growth ratio hitting a 13-year low.

With 18,505,100 vehicles sold in 2011, China's auto market ended with a 2.45 percent yoy sales increase, compared with the 32.37% yoy growth in 2010, according to CAAC.

Specifically, the passenger vehicle (hereinafter referred to as PV) represented a y/y growth of 5.19% for the full year (dropped by 28 ppts compared to 2010's 33.17% and 54 ppts compared to 2009's 59.1%) to 14.4727million units.

The commercial vehicle (hereinafter referred to as CV) declined by a yoy growth of 6.31% to 4.0327 million units.

The proportion of PV and CV are 78:22. Sort of consumer goods, the PV performed better than the CV which used as most capital goods as we expected.

Source: Phillips

[winston]

DJ Toyota China Sells 59,000 Vehicles In January; Down 25% On Year - Spokesman

SHANGHAI (Dow Jones)--Sales by Toyota Motor Corp. (TM) and its joint ventures in China fell more than 25% in January from a year earlier to approximately 59,000 vehicles, Toyota spokesman Niu Yu said Friday.

Niu said the decline in sales in January was due to China's week-long Lunar New Year holiday toward the end of the month. The company sold approximately 79,000 vehicles in January 2011, Niu said.

Toyota and its joint ventures sold 883,000 vehicles in China in 2011, an increase of 4%.


Source: Dow Jones Newswires

[iam802]

If this deal goes through, VW will be able to flood the Malaysia's market with the 'locally' produced cars and enjoy lots of cost savings with the acquisition of the plants.

Very smart move on VW.

Proton's position will continue to be weakened ..


--
VW May Consider Proton Partnership in Malaysia

http://www.bloomberg.com/news/2012-02-0 ... r-hub.html

[winston]

DJ China January Passenger Vehicle Sales Down 23.8% On Year At 1.16 Mln Vehicles

SHANGHAI (Dow Jones)--China's passenger vehicle sales fell 23.8% in January from a year earlier to 1.16 million vehicles, according to the semi-official industry group the China Association of Automobile Manufacturers.

Passenger vehicle sales in January fell 15.2% from December, the Association said in a statement Thursday.

Total auto sales in China, the world's largest auto market, fell 26.4% in January from a year earlier to 1.39 million vehicles, the association said.

Source: Dow Jones Newswires

[winston]

A Total of 6.33 Million Passenger Vehicles Were Sold in China in the January-May Period

Vehicle sales in China rose 16 percent year-on-year in May to 1.61 million units, indicating a strengthening recovery in the world’s biggest auto market.

Source: AFP GLOBAL EDITION

[winston]

United States the Only Bright Spot for Automakers

Global automakers struggling with falling sales in China and Europe are now looking at the United States, which with its high level of pent up demand, could be the next growth market they are looking for, say analysts.

http://www.cnbc.com/id/48330294

[winston]

*DJ China January-July Passenger Car Sales at 8.74 Mln, up 7.5% on Year

Source: Dow Jones Newswires

[winston]

BMW’s Phantom Sales in Germany Show Debt-Crisis Contagion By Ola Kinnander, Dorothee Tschampa and Christian Wuestner

To get pre-registered vehicles off dealer lots, many are quickly sold as zero-mile used cars at discounts of more than 20 percent, according to Ferdinand Dudenhoeffer, director of the Center for Automotive Research at the University of Duisburg- Essen.

These phantom sales reflect the pressure to cut prices that’s spread from southern Europe to stronger markets like Germany and the U.K.

http://www.bloomberg.com/news/2012-08-1 ... agion.html

[winston]

India car sales down 19%, first fall in ten months

Indian car sales slid 19 percent in August, the first fall in ten months, industry figures showed on Monday, as concerns pile up about the health of the emerging nation's economy.

Monthly domestic sales declined from 145,066 cars a year earlier to 118,142, the Society of Indian Automobile Manufacturers (SIAM) said, blaming high interest rates and fuel prices.

Auto manufacturers have been offering discounts and promotional schemes to attract customers while also introducing new and upgraded models to the market, but sales have remained sluggish.

http://www.newsmeat.com/news/meat.php?a ... &buid=3281