Credit crunch: the main reason for restricting the slowdown of construction machinery
According to the statistics of the Construction Machinery Association, the monthly sales volume in April decreased slightly. The sales volume of the loader industry was 28,685 units, down 28.3% from the previous month. The sales volume of the bulldozers was 1,618 units, down 32.8% from the previous month. The excavator sales volume was 26,445 units. The chain fell by 38.6%, and the sales volume of Liugong, Xiagong and Shantui in the major companies declined significantly.
Relevant people in the industry believe that the credit crunch is the main reason for the decline in the industry's products. The impact of the credit crunch on the industry is mainly reflected in two aspects: First, it will affect the downstream demand of the industry. Some of the projects under construction will slow down due to the slowdown in credit construction, and some of the planned construction projects will be delayed. Second, it will affect the marketing efforts of enterprises. In the first quarter, in order to seize market share, various construction machinery enterprises increased their sales promotion efforts and increased the proportion of financial leasing and installment payment. In April, some enterprises strengthened their risk control and actively shrank the proportion of credit sales.
The data from the National Bureau of Statistics also proves this. Due to the credit crunch, the total investment for the newly started project in January-April is 5.34 trillion yuan, down 1.1% year-on-year, and the number of newly started projects is 87,300, a decrease of 1.2 over the same period last year. Ten thousand.
In the long run, considering affordable housing, water conservancy construction, railway construction and export recovery will provide new impetus for the development of the industry. It is expected that the construction machinery industry will still achieve an annual growth rate of 15%-20% in the next 3-5 years. .
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