Industry characteristics of auto parts

There is a close relationship between the auto parts industry and the whole vehicle manufacturing industry. The prosperity of the industry is basically consistent with that of the whole vehicle industry. The whole vehicle industry is closely related to the development cycle of the national economy and highly sensitive to the economic cycle. Therefore, the auto parts industry has certain periodicity due to the impact of the downstream whole vehicle industry and the fluctuation of the national economic cycle. When the macro economy is in the growth stage, the level of residents' consumption increases, and the production and sales of automobiles increase, driving the production and sales of automobile parts industry to rise; On the contrary, with the decline of the macro economy, the automobile consumption is restrained, which will affect the production and sales of the automobile parts industry.

The auto parts industry is an important part of the auto industry and an important basis for the development of the auto industry. Auto parts manufacturing enterprises are generally built around the vehicle manufacturers, so they can form a large-scale industrial base. At present, China has gradually formed six industrial clusters - the Yangtze River Delta industrial cluster, the Southwest industrial cluster, the Pearl River Delta industrial cluster, the Northeast industrial cluster, the Central industrial cluster, and the Bohai Rim industrial cluster. The characteristics of industrial scale and clustering are increasingly prominent. Therefore, the auto parts industry has regional characteristics.

The auto parts industry does not have obvious seasonal characteristics. However, the production and sales of the auto parts industry are greatly affected by the production and sales of the downstream automobile industry. Domestic and foreign automobile manufacturers usually increase production plans in the fourth quarter of each year to meet the demand of the automobile sales market during the Spring Festival or Christmas holiday, resulting in higher output of automobile parts enterprises in the fourth quarter compared with other quarters.