Recently, 17 departments including the Ministry of Commerce issued the "Notice on Several Measures to Revitalize Automobile Circulation and Expand Automobile Consumption", which mentioned accelerating the activation of the used car market. It is proposed to remove unreasonable restrictions on the development of used car dealerships. From August 1, the country will officially cancel the restrictions on the move-in of small, non-operating used cars that meet the "National Five" emission standards.
Stimulate used car market, accelerate tire replacement demand
In the current used car market, the circulation of second-hand cars is greatly restricted due to the restrictions on the national fifth-level emission standards. Now that the policy is liberalized, the flow of second-hand cars has no effect, which will greatly stimulate the second-hand car market. For car dealers, the expansion of the business scope will naturally increase the transaction volume. This has played a positive role in the demand of the replacement market. Generally, the tires of vehicles need to be replaced after three years of use, and the tires of used cars also need to be checked and replaced during the process of refurbishment. Many car owners who buy second-hand cars will also replace the oil of the whole car, including the tires, which is a great business opportunity for the tire market that has been sluggish.
Promoting automobile consumption is an important measure to improve the economy
In recent years, China's auto market has been saturated, and the growth rate of new cars has gradually slowed down. The growth of the tire market has slowed down, coupled with economic factors, so that the original equipment and replacement markets have encountered bottlenecks. The state's stimulus policies for the automobile industry will boost the demand for the tire industry. It includes supporting the purchase of new energy vehicles and supporting the purchase of new energy vehicles by improving the supporting facilities and policies, and enhancing the vitality of the original equipment market for new energy vehicles and the replacement market for new energy tires. At the same time, it is also accelerating the elimination and renewal of old vehicles, re-energizing the automobile market, and indirectly driving the demand and power of the tire market.
The price rises and profits fall, and the tire market pattern changes
The price of tires has been rising recently. Although the price increase of tires has not stopped in the past two years, the current price increase is not only in the domestic market, but the increase in the overseas market is more violent than that in the domestic market. It is understood that in the first quarter of this year, even some head tire companies have achieved a single increase of 14%. In addition to being stimulated by increased demand, the skyrocketing cost is also one of the reasons.
Secondly, the soaring number of new energy vehicles will further stimulate the consumption frequency of their matching and replacement tire markets. However, there are considerable differences between new energy vehicles and traditional vehicles in terms of power source and operating conditions. Therefore, the aftermarket of new energy vehicles The availability of unlimited business opportunities is also full of challenges.
This means that in order to get the "cake", tire manufacturers need to work hard on multiple performance indicators of tires, improve the technical content of tires, and meet the requirements of low rolling resistance, high load, light weight and high wear resistance of new energy vehicle supporting tires. , grip and mute and other aspects of different needs.
Optimistic about the future of the tire market
Judging from the development of China's tires in recent years, China's tires are in a critical transition period. After several years of elimination, Chinese tire enterprises are undergoing transformation. Under the background of national economic revitalization, the momentum of Chinese tire market development will become stronger and stronger.
Disclaimer: The picture materials and articles on this platform come from the Internet, so the copyright belongs to the original author. If there is any infringement on your copyright and interests, please contact us, we will apologize and delete it quickly. Article source: Tire Business
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