At the Seminar on the International Auto Parts Market and New Sunan Model held recently in Jiangsu Changshu International Auto Parts City, Chen Dongqi, Director of the Institute of Economic Research of the National Development and Reform Commission, explained this development space in three aspects: First, in the past two years in China Vehicle sales increase at a double-digit rate each year, forming a large demand for auto parts; Second, consumers' purchases penetrate from high-income people to middle-income people, and from urban to rural areas. The expansion of consumption level promotes the auto parts market. The accelerated formation of structural diversification; Third, the overall life of the vehicle is generally shortened, and the individualization of consumption has led to the addition of spare parts sales in the spare parts industry, and new types of industries such as car maintenance and beauty have emerged. Yao Jun, deputy secretary-general of the All-China Federation of Industrial and Commercial Automobile Parts and Accessories, confirmed this point with more accurate data. He introduced that for every RMB 1 added to a vehicle, it would add 0.65 yuan to its upstream market (raw materials) and 2.6 yuan to the downstream market (after-sales service). Wu Yongchun, chairman of Changshu International Auto Parts City, said that Auto Parts City not only serves as a product trading market, but also serves as a window for domestic product exports, attracting global procurement, and organizing domestic distributors to strive to participate in international supply competition. For consumers, gasoline cars have many advantages. Firstly, the fuel cost of gasoline vehicles is relatively low, and compared to electric and hybrid vehicles, using gasoline vehicles can save a lot of costs. Secondly, the repair and maintenance of gasoline vehicles are relatively simple, and spare parts are also easier to find, which is particularly important for some regions with relatively backward technology. In addition, there are relatively more gas stations for gasoline vehicles, which provides convenience for drivers. Finally, gasoline vehicles have high power and acceleration performance, which gives them advantages in some special scenarios, such as the pursuit of speed and driving experience. Therefore, gasoline vehicles have always maintained strong competitiveness in the market. Sedan Car,Hyundai Elantra Three Box Car,Small Gasoline Car,Mid Size Three Box Gasoline Vehicle Chongqing Huanyu Automobile Sales Company , https://www.huanyuauto.com
Xinhuanet Nanjing, September 1 (Reporter Zhang Dawei) China's auto industry currently has an annual demand for spare parts of about 80 billion yuan, and each year from the primary market to regional operations and then to the retailer's auto parts and accessories. Circulation will at least complete a turnover of RMB 240 billion. According to industry sources, China's auto parts market presents a huge space for development.