According to a comprehensive foreign news report, McKinsey & Company has released a report that global mainstream automakers are increasingly relying on the Chinese and North American markets and the luxury car business to make profits.
McKinsey said that the luxury car business in the Chinese market is strong, while the demand for SUVs and trucks (pickups) in the US market is strong. For the world's 21 largest automakers, 70% of profits in 2014 came from the North American and Chinese markets, which is higher than the 65% in 2013. Luxury cars accounted for only 12% of sales in 2014, but they accounted for 38% of profits, up from 33% in 2013.
In 2014, the total operating profit of these 21 car companies was US$127 billion, compared with US$5 billion in 2008 and US$6 billion in 2009.
McKinsey analyst Hans-Werner Kaas pointed out that since the 2008-2009 economic crisis, automakers and component suppliers have restructured or reduced capacity in North America, downsizing and integrating dealer networks; the quality of cars and trucks manufactured by car companies has The above factors are beneficial to the profitability of North American business. It also said that the demand for pickup trucks and SUVs with higher bicycle profit margins continued to be strong in the North American market.
Although the growth rate of the Chinese auto market has slowed down in recent years, Hans-Werner Kaas believes that “increment is still considerable†and the luxury car market in China continues to grow.
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