MEDIA RELEASE PR41821
China National Bureau of Statistics and Sinotrust Jointly Release '2010 Q3 China Automotive Industry Climate
Index'
BEIJING, Oct. 21 /PRNewswire-Asia-AsiaNet/ --
Climate Index declines from peak and Confidence Indices soar
China Economic Monitoring Center of China National Bureau of Statistics and Sinotrust International Information &
Consulting (Beijing) jointly released the "2010 Q3 China Automotive Industry Climate Index."
1. China Automotive Industry Climate Index records 104.8 points in Q3
of 2010 (2001=100), down 0.9 point over the pervious quarter,
continuing Q2's slight fallback.
2. Pre-warning Index of China Automotive Industry records 126.7 points,
down 6.6 points over the previous wave and still in the "Yellow Zone".
3. Entrepreneur Expectation Index of China Automotive Industry
registers 121.1 points, up 7.6 points over the previous quarter.
4. Dealer Manager Index of the China Automotive Industry registers
115.8 points, up 24.1 points over the previous quarter.
In general, the following trends were observed during the survey: 1. the Industry Climate Index of Q3 remains high
despite a slight fallback over the previous wave; 2. the growth of the related economic indicators (e.g. the industry¡¯s
total profit) shows a slowdown and the production and sales growth is becoming rationalized; 3. with vehicle prices
dropping and the growth of the capital occupation rate for finished products regaining its momentum, the inventory
pressure increases; 4. as entrepreneurs and dealers are satisfied with the market performance in Q3 and optimistic about
the market prospect in Q4, both the Entrepreneur Expectation Index and the Dealer Manager Index stop dropping and
rebound.
Because of a high base of comparison in Q3 of 2009, the Climate Index in Q3 of 2010 seems relatively low. Now, the
governmental stimulus package's driving effects are waning slowly. The stimulus policies may expire at the end of 2010,
triggering a last-minute purchase rush at the end of this year. Therefore, the auto market will continue to boom in Q4 of
2010.
About Sinotrust
Sinotrust is a leading supplier of marketing and credit solutions in China. We collect, analyze and manage information
about markets, consumers and businesses to provide marketing research, business information, consulting and database
marketing services through integration of information, services and technology.
For more information, please contact:
Business Contact
Yumei HUI
Tel: +86-10-5926-7560 / 5926-7608
Email: huiyumei@sinotrust.cn
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Sophia LIU
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Email: liuqian@sinotrust.cn
SOURCE: Sinotrust International Information & Consulting (Beijing) Co., Ltd
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