2015年CRI China's Car Industry Sees Slowdown in Last 3 Quarters

 

The inventory¹ has been piling as financing for the industry has weakened. This has resulted in the closure of many automotive sales and service centers.

Luo Lei, a vice³ secretary of China Automobile⁴ Dealers⁶ Association, says the profit decline has hurt.

"The dealers and auto² companies have to bear both financial pressure and the risk of large quantity of storage. A high percentage of dealers suffer from profit loss."

The losses have hit the luxury sector⁷ the most, with average vehicles and SUVs only slightly affected⁸ by the slack in the industry.

According to an insider, the growth rate for luxury cars, previously⁹ double the average growth of the whole industry, is now only half of the industry average.

A luxury car dealer⁵ in Guilin city, Guangxi Province says many stores are closed.

"One of the largest stores in Guangxi has purchased over 20 other stores and they will probably develop into a comprehensive store to expand their services."

Experts from the industry say multiple reasons have led to this current situation, including downward pressure in the economy, over-production, and saturated¹⁰ demand.

Some dealers say they hope they can cooperate with car manufacturers to find ways to relieve pressure within the luxury car sector.

"Now many car manufacturers have lowered their prices and improved their services. We also should realize that it's now a buyer's market and customers have more options. So manufacturers and dealers will have further dialogue to control the pressure and risk in the market."

However, experts in the industry think signs of recovery will be seen later this year.

"The slow growth has been continuing from last June and the negative growth will also last for a while but we expect the market will go back to normal in the fourth quarter."

According to the official data, the month on month sales growth in the Chinese car industry has continuously dropped for four months, starting in April, and the Vehicle Inventory Alert Index has now been over the alarm line for over 10 months, as of July.

1 inventory   

n.详细目录，存货清单

参考例句：

• Some stores inventory their stock once a week.有些商店每周清点存货一次。
• We will need to call on our supplier to get more inventory.我们必须请供应商送来更多存货。

2 auto   

n.(=automobile)(口语)汽车

参考例句：

• Don't park your auto here.别把你的汽车停在这儿。
• The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。

3 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

4 automobile   

n.汽车，机动车

参考例句：

• He is repairing the brake lever of an automobile.他正在修理汽车的刹车杆。
• The automobile slowed down to go around the curves in the road.汽车在路上转弯时放慢了速度。

5 dealer   

n.商人，贩子

参考例句：

• The dealer spent hours bargaining for the painting.那个商人为购买那幅画花了几个小时讨价还价。
• The dealer reduced the price for cash down.这家商店对付现金的人减价优惠。

6 dealers   

n.商人( dealer的名词复数 )；贩毒者；毒品贩子；发牌者

参考例句：

• There was fast bidding between private collectors and dealers. 私人收藏家和交易商急速竞相喊价。
• The police were corrupt and were operating in collusion with the drug dealers. 警察腐败，与那伙毒品贩子内外勾结。

7 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

8 affected   

adj.不自然的，假装的

参考例句：

• She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
• His manners are affected.他的态度不自然。

9 previously   

adv.以前，先前（地）

参考例句：

• The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
• Let me digress for a moment and explain what had happened previously.让我岔开一会儿，解释原先发生了什么。

10 saturated   

a.饱和的，充满的

参考例句：

• The continuous rain had saturated the soil. 连绵不断的雨把土地淋了个透。
• a saturated solution of sodium chloride 氯化钠饱和溶液