Qingdao Automobile Aftermarket Parts Exports Rise

Right now, the intensifying international financial turmoil is gradually releasing its influence on Qingdao's foreign trade industry. Reduced orders, outgoing news of layoffs, unemployment... On November 11, the reporter found in an interview that foreign trade companies in Qingdao are facing the arrival of the “cold stream”, and the lives of many ordinary citizens related to it have also taken place. Some changes. However, the so-called crisis is precisely the "crisis" and the "accident." While the foreign trade and export industry is facing severe challenges, there are also some foreign trade enterprises in the island city that have seized the business opportunities and the Nuggets crisis consumption, and thus "blessed by the scourge".

Some time ago, Liu, general manager of a foreign trade company in Qingdao, which was an exporter of automobile molds, was puzzled: From July onwards, the company’s orders did not decrease, and in October and November, orders did not decrease. "The financial crisis has had such a large impact. At the beginning, we were terrified. Many companies engaged in foreign trade began to prepare for the 'winter'. According to estimates, we will begin to turn into a low season in October, but now orders have been increasing but production orders have been increased. In December."

It turned out that behind this strange phenomenon is the impact of the financial crisis. The United States' consumption is supported by credit. Not only buying a house, but also buying a car depends on credit. This year, financial institutions have repeatedly tightened loans, and auto consumption demand has naturally been curbed. The financial crisis has dispelled the enthusiasm for buying new cars, and more and more people are turning to maintenance and repair of used cars. The auto parts market with the after-sales maintenance as its target market “became blessed with the scourge”.

“Overseas are affected by the financial crisis. Why do so many merchants still purchase automotive parts and components?” Liu’s secret is: “Our customers are mainly from Russia, France, the United States, the Netherlands, and other countries. The market is the after-sale maintenance service for automobiles. The financial crisis has dispelled the enthusiasm of people to buy new cars. People have to increase their investment in maintenance and repair of used cars. Some auto after-sales service companies are targeting this market and increasing the demand for auto parts.”

Liu said that the sharp decline in foreign consumer spending directly affects the sales of automotive products, while the demand for foreign auto repair market varies from auto parts to auto parts molds. The customer base is mainly foreign orders, but also from the upstream auto repair. The industry's domestic wholly-owned enterprises. At the same time, at present, metal materials such as copper and iron are significantly reduced, virtually reducing costs and increasing the company's profit margins. Now, he has a lot of cash on hand, does not lay off workers or expand blindly, and maintains the current size of the company. "The financial crisis will affect the degree of uncertainty, or wait and see for some time."

In addition, in fact, export commodities such as middle and low-end knitwear and many other essential export products of many foreign trade and export companies in the island city are surprisingly welcomed. The industry believes that the demand for these essential goods is relatively stable and may even increase market share.