China's auto parts industry is significantly affected by the auto industry

After experiencing the peak of automobile consumption promoted by the policy in 2009, the market has long expected that the Chinese auto market will continue to grow in 2010. Some analysts told the media that the performance of listed auto parts companies depends more on the sales of new cars. With the growth of domestic demand and the recovery of component exports, the demand for spare parts generated by huge auto repairs is not provided by the parts and components listed companies like new cars. In contrast, good and bad parts manufacturers are the main players in the auto repair market.

Car incentives led to the increase in car sales, automotive stocks rose immediately, while the performance of auto parts listed companies also rose. Analysts pointed out that the performance of parts and components listed companies increased, thanks to the hot car sales, the future of parts and components listed companies To achieve growth, it is mainly dependent on the fierce consumption of new cars in China. Once domestic demand cannot be effectively released, the growth of parts and components listed companies will face challenges.

Judging from the current car sales forecast, the market is generally expected to have a good growth rate of car sales this year, which will support the future performance of listed auto parts companies. However, the market trend of auto sales is not optimistic. Therefore, the performance expectations of listed auto parts companies are also not optimistic.

Experts explained that along with the rapid growth of Chinese autos, the auto parts market is also booming, but China's auto parts market is short of development, repeated construction, small scale, backward technology, slow product replacement and other issues are still common. Among auto parts products, the proportion of electronic products with high technological content and high efficiency is low, while the overseas sales of low value-added products will be vulnerable to anti-dumping investigations.

With the gradual recovery of the European and American economies, car consumption enthusiasm once again ignited, China's spare parts company will usher in an opportunity. Due to the bankruptcy of some parts companies in Europe and the United States, part of the market share was let out, China's spare parts company will fill the vacant market share. However, this market space is also facing pressure from anti-dumping measures launched by European and American countries from time to time, such as anti-dumping measures such as special tire protection cases, causing China's parts and components companies to export a considerable dilemma.

At present, market participants are actively convinced that the auto parts market has more room for growth in China. However, whether listed companies can share the vast aftermarket, the market is controversial. Experts pointed out that in the auto parts market, large-scale components The company has the concept of “competent after-sale and light-selling”. It only attaches importance to supporting the entire vehicle, but does not pay enough attention to the after-sales parts market. This leads to large-scale enterprises that do not have an advantage in the aftermarket and give many small-scale zeros. Parts companies provide opportunities for low-cost competition. If large-scale parts and components companies pay more attention to the aftermarket parts market, it is expected to expand the advantages in the supporting field.

Although large-scale enterprises are not dominant in the aftermarket parts and components price war, they cannot conceal the leading position of some parts and components listed companies in the market for parts and components. Many analysts have stated that they are listed in auto parts companies. Among them, some component subdivision leading companies deserve attention. From the perspective of parts companies participating in the vehicle accessories model, after the general parts and components companies supply parts and components to the entire vehicle company, they will undergo a period of trial and operation. After the products are approved, the supply relationship of the parts and components companies will be consolidated. The parts and components companies will enter the batch supply stage and gradually establish their leading position in the subdivision field.

From the perspective of the development history of China's spare parts companies, the development time is short and the growth space is large. At present, some parts and components companies have entered the international market and established a certain status. At the same time, they are expected to be supported by industrial policies in the future.