This year the car capacity or up to 40 million expected utilization 68%
According to the latest data released by LMC Automotive, in 2014, the global sales of light vehicles increased 3.5% YoY to 87,167,000 units. Among them, the sales volume of light vehicles in China was 23,669,000 units, an increase of 8.3% over the same period of previous year, accounting for 27.1% of the global market, making it the largest automobile consumer market in the world.
Although the growth of China's automobile market is slowing down, this does not stop the investment enthusiasm of major auto companies. In the sales target is raised at the same time, the pace of capacity expansion of car prices also continue to accelerate. According to incomplete statistics, in 2015, Volkswagen, General Motors, Honda and other car companies will usher in a new round of capacity release. These new capacity will also boost more companies across more than 1 million, or even 200 million vehicles production and marketing threshold.
However, the car sales sprint higher sales targets at the same time, overcapacity once again surfaced. Insiders predict that if the cumulative production capacity planning announced by major auto companies in the past two years will accumulate, the production capacity of automobiles in China may reach 40 million in 2015, far exceeding the industry's expectation of 25 million sales made in 2015, which means that Ten million units are idle. According to IHS Automotive's consulting firm, the overall capacity utilization rate of China's auto industry in 2010 was 91%, and it is expected to drop to 68% by 2015.
The United States has become China's largest exporter of auto parts