From January to may 2012, the production and sales of automobiles were 8.003 million and 8.0235 million respectively, with a year-on-year increase of 3.19% and a year-on-year increase of 1.70%. Overall, in May 2012, China's automobile production and sales decreased month on month, but showed significant year-on-year growth. From January to may, the cumulative production and sales of automobiles increased positively year-on-year, but the growth rate was not high, and automobile sales still lacked the driving force for rapid growth.
On June 13, 2012, the Ministry of Finance and the Ministry of Commerce jointly issued an announcement to clarify the scope and standard of subsidies for scrapping and updating old vehicles in 2012. In 2010, the policy of replacing old with new drove the consumption of new cars to 38.2 billion yuan. Under the policy pattern of steady growth, the policy of stimulating automobile consumption by replacing old with new will continue again and is expected to play a significant role. From the perspective of the terminal market since the end of 2011, the automobile industry is in the "contraction period" after the "blowout period", and consumers are more inclined to medium and high-grade cars. The introduction of the national consumption stimulus policy may enhance the confidence of the market, but the effect may not be obvious in the short term. Does the slow development of the auto industry mean that the auto sales industry will also stumble forward? The analysis shows that after 2011, major dealer groups began to enter the transformation track, poured into the capital and service market, explored new growth points, and expanded their strength in different ways. In addition, with the introduction of the 12th Five Year Plan for automobile circulation industry at the end of 2011, key automobile dealers have great development space during the 12th Five Year Plan.
In 2011, the operating revenue of the top 100 enterprises reached 851.527 billion yuan, a year-on-year increase of 26%. In 2011, there were 21 top 100 groups with an operating revenue of 10 billion yuan, compared with 11 in 2009 and 13 in 2010. In 2011, there were 3 enterprises with an operating revenue of more than 50 billion yuan, compared with 2 in 2010.