“The current development achievements of China’s Internet-related industries are closely related to the investment and construction a few years ago that were higher than the then development level. It is the high-level construction that exceeded the then demand level that laid the foundation for future development. Development has paved the way. ——Ren Zeping of Evergrande Research Institute

Due to the epidemic, many industries have been put on pause, and automobiles are no exception.

Since the financial crisis in 2008. , automobiles, real estate and large-scale infrastructure have become important means of economic cyclical adjustment and play the important role of escorting economic transformation. In the face of this epidemic, they are no exception.

Many industries that have turned from decline to rise are no exception.

The latest data from the China Association of Automobile Manufacturers shows that in May this year, automobile production and sales increased by 4% and 5.9% month-on-month and 18.2% and 14.5% year-on-year. , the growth rates expanded by 15.9 percentage points and 10.1 percentage points respectively from last month.

Among them, passenger car production and sales increased by 4.5% and 8.9% respectively from the previous month and 11.2% and 7.0% year-on-year. The growth rate has turned from negative to positive. Commercial vehicle production and sales have also increased significantly year-on-year.

Analyzing the reasons, industry experts said:

On the one hand, since this year, the central and local governments have successively introduced stabilization policies. and policies and measures to promote automobile consumption to help the automobile market pick up;

Cities that have recently introduced pro-consumption policies include Beijing, Shaanxi and other places. “Beijing: will further promote the consumption of bulk commodities such as automobiles and implement promotion measures. Plan for the elimination and renewal of high-emission old motor vehicles.

At the same time, the process of second-hand car relocation transactions will be simplified through centralized processing on e-commerce platforms and online signing for customers buying cars outside Beijing.

Shaanxi Province: Recently, it has been proposed to provide appropriate support to car-free households purchasing their first household new energy vehicles, and encourage cities to study support policies for cars going to the countryside, and organize and carry out promotional activities for cars going to the countryside.

Encourage leading automobile sales companies to develop new offline and online business formats and new models.

Chongqing, Guangdong, Hubei, Jiangxi, Sichuan and other places have recently introduced policies to boost consumption and promote market prosperity, focusing on promoting automobile consumption and expanding digital consumption.

On the other hand, automobile companies are gradually resuming normal production, the stimulating effect of new infrastructure is beginning to appear, and residents' previous demand for car purchases and replacements has been released. These factors have simultaneously promoted the recovery of automobile market sales.

The added value of industries above designated size continued to rebound after turning from negative to positive last month.

Among them, the growth of the equipment manufacturing industry continues to accelerate, and the growth rate of the automobile industry has reached the highest monthly level since the second half of 2018.

In May, the added value of the equipment manufacturing industry increased by 9.5% year-on-year, and the growth rate accelerated by 0.2 percentage points from the previous month. The added value of the automobile manufacturing industry increased by 12.2% year-on-year, an acceleration of 6.4 percentage points.

In May, automobile production reached 2.152 million units, a year-on-year increase of 19%, of which 458,000 trucks were produced, an increase of 54.7%, and the growth rate was significantly accelerated compared with the previous month. Driven by the recovery of market demand, SUV car production increased by 33.5% year-on-year.

At the same time, the driving effect of vehicle models related to infrastructure construction was obvious. Among them, excavators increased by 82.3%, an acceleration of 32.8 percentage points from the previous month; large and medium-sized tractors and concrete machinery increased by 56.1% and 42.2% respectively. There is a rigid demand for cars, and China's car market will remain one of the world's largest markets in the next ten to twenty years. Compared with other industries, the automobile industry is just more sensitive to the impact of economic conditions.

This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.