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2004 China's Tangible Automobile Market Summit: Playing the Industry Melody
The China Federation of Logistics and Purchasing, in collaboration with the China Association of Automobile Manufacturers, has organized a significant event to reflect on the past decade of tangible automobile trading in China. Supported by key government departments such as the National Development and Reform Commission, the Ministry of Commerce, and the State Administration for Industry and Commerce, the summit was jointly hosted by the Shanghai Automobile Marketing Association, Jiefang Daily, Automobile Weekly, and United Auto Group. This event marks the 10th anniversary of the tangible automobile market, a critical channel for car distribution in the country.
Held at the Shanghai International Convention Center on November 27th, the "Achievements and Responses - 2004 China Tangible Automobile Market Summit" aimed to assess the progress made over the years and explore future directions. The gathering brought together industry leaders, media, and experts to discuss the challenges and opportunities facing the auto sector.
In recent years, China’s automobile industry has experienced remarkable growth, with annual increases exceeding 30%, and even surpassing 50% in some periods. The nation now ranks fourth in global automobile production and third in sales, making the sector a vital pillar of the national economy. Auto consumption has become a key driver of domestic demand and economic growth.
However, 2004 presented a turning point. With tightening monetary policies, rising oil prices, and shifting consumer behavior, the market faced a slowdown. Companies in the automobile sector found themselves navigating a challenging transition period, marked by increased competition and evolving market dynamics.
To address these changes, new policy measures were introduced, including the "Implementation Measures for Automobile Brand Sales Management" and the draft of the "Second-hand Vehicle Circulation Management Measures." These initiatives align with the broader goals of modernizing the auto industry and improving market efficiency.
The summit emphasized the need for the tangible automobile market to adapt to new policies, market trends, and competitive landscapes. Participants discussed strategies for innovation, exploring new formats, functions, and mechanisms to ensure sustainable development. The event also highlighted the importance of strengthening cooperation across the industry to support the healthy growth of the auto market under the new regulatory framework.
With its focus on "achievements and responses," the summit provided a platform for in-depth discussions on topics such as the impact of foreign capital on domestic brands, the evolution of marketing models, and the implications of new automobile-related policies. It served as a crucial moment for stakeholders to reflect, strategize, and shape the future of China's auto industry.
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