Ma Xiaowei: The used car market will grow by 30% this year

Tencent's netizens, everyone, we are now at the site of the Chengdu Global Automotive Forum (microblogging) in 2012, and the next one was invited from the first car network (microblogging) CEO Ma Xiaowei (microblogging), the first please Ma always said hello to our netizens.

Ma Xiaowei: Tencent netizens, everyone.

The first car network CEO Ma Xiaowei Tencent: Actually, Ma has just come down from a forum host, and you express your thoughts on this forum first.

Ma Xiaowei: In fact, the Global Automotive Forum in China should be said to be one of the highest forums among participants. However, I think the forum in the morning is a bit boring, so I hope the afternoon forum will make it a little more active. And when communicating with people who participated in our forum in advance, I discovered that they are all big-name figures. Everyone is willing to talk freely about some issues. Everyone thinks that our forum is more casual and more active. I personally think the effect is still very good.

Tencent Auto: Because our meeting itself is a very high-level meeting, we say that we actually make some feelings of relief, so that people may have some different feelings.

Ma Xiaowei: Because I also participated in some forums abroad, including Davos Forum, I also heard that these elite forums are even high-level ones. The first is the height of the issues and the viewpoints you talked about. And philosophy, this is the most important. But in the form of performance, in fact, everyone here is interactive, and only this kind of brainstorming attitude hits new sparks. In fact, this seemingly relaxed form can bring about a collision with everyone's opinions. They asked me if I would like to be a host. I said that I would host such a tour for a year, but one thing is that the best host can find out. Where are the conflicts of everyone? Where are the contradictions? There are new points of view.

Tencent Auto: I know that the theme of this forum is "Finding the future of the automotive industry in the process of change." What do you think about this topic?

Ma Xiaowei: Yes, I think this topic is very accurate today. This position is very accurate. This kind of high-speed growth slows down, and it slows down greatly. This trend is also very obvious. But everyone's expectation of this market is very high, so let's slow down. The market is slow, it doesn't matter. It doesn't matter whether it's from the vendor level or the service provider level, or from the form of the product and the service object. There is no doubt that there is a big change, whether it is a structural change or a change. And it is true that this potential is entirely present. It is that the previous things are too easy to sell. Everyone is not saying that they are unwilling, but when they cannot sell, I believe that the Chinese people’s creative abilities are like Pang’s one line. The company's ability to do what it is today is a huge capacity for innovation in the company. Therefore, we see that on the one hand, we can pass on a lot of experience in mature markets. You, like President Wu, can do so well in the short period of time for Na Zhijie. They can learn more from everyone. Pang also said just now that the competitiveness is now so strong that they still have new products coming out and there will be new forms, which will bring some new opportunities. Therefore, the total amount of growth may not be so great, but it is a big wave of E sand, and some give competition out, but may not remain a slight increase, may still be a great increase, so this topic is still quite Significant.

Tencent Auto: Although it may increase as a whole, as long as you do well, there are many that can achieve high growth. Next, let's talk about Ma, because our first car network may be more concerned about the used car market. How do you see the change in the used car market?

Ma Xiaowei: Let me participate in the forum. Used cars have no place in the forum. They may only participate in a bit more macro point. We may be related to financial institutions. Because there are some links in the products, everyone thinks that I also know a little bit, so I preside over this forum. . When it comes to the used car market, I think the problem often mentioned in the used car market is the slight growth of the new car because it is constrained by the overall economic development situation. It may be that you provide more things, and there will not be such a high growth rate before. Now. However, I think the used car is completely different. The used car is an indispensable financial form of an industrial chain. In the final proportion of this large industrial chain, some people say that there are 36% points. There are still people. When it comes to 60, but the minimum is more than 30, but you are now only a few percent, the average price is low, so what is the space for this used car? It is definitely not 3%, nor is it 5%, nor is it 30%. It may be five times and 10 times more space. Therefore, in this case, a development opportunity for used cars will be even stronger.

Tencent Auto: There is actually more room for growth in the used car market.

Ma Xiaowei: Yes, just like in previous years we said that the demand for cars is a rigid demand. This demand in the used car market must also be a rigid demand. First, the Chinese people do not lack the concept of buying second-hand cars. It is not that the Chinese say that. Not willing to buy used cars. Second, his rigid demand comes from exports. So many people have bought cars. We must have two hundred million and two hundred million dollars in our possession within five years. We cannot say that we should go to the waste station. It is only second-hand. The car market is well developed and may be circulated three times. The development of the used car market is imperfect, and only the circulation volume and the circulation volume are only twice. Therefore, it will form a huge impetus, and it must be pushed forward. Push, but the last may be in the middle if not good, there are many contradictions, there are many problems, but this market is bound to exist.

Tencent Auto: I would like to ask the last question. You have done a lot of research on the used car market. Do you think that the used car market, for example, how much growth we can achieve this year? When will we be able to grow to a high state in the future?

Ma Xiaowei: This year’s growth is relatively good, because if I remember correctly in the first half of the year, it’s about 28%. It should be said in the second half of this year because the market is basically stable and not too bad. It will be particularly good, because there is no special good information will come out. So I estimate that a growth rate of between 25% and 30% will be maintained. If we are prepared for such a long-term development, it will be a more favorable development in the past few years. For a relatively long-term forecast, I have talked to you before. I think that the biggest stumbling block that hinders the development of this industry is, or is, an obstacle. It does not mean that our tax system is unreasonable and taxes are high. Because the implementation of the tax system has encountered a major obstacle, it has created tax revenue, so everyone is a small company doing, do not pay taxes, serious want to be a big company, even registration is difficult After the registration, the disadvantages are obvious. Therefore, these big companies can't get in, that is, they lack good subjects. If we look at it from three or five years, if this policy can be broken in the short term, 10 million units may be seen in three to four years. If this policy is later, it may take four to six years to see. 10 million units is a sign, and 20 million units may be another milestone, because if the new car growth is not too high, it may be over 20 million units. In this case, it will reach one-to-one sales with new cars. It may be possible that the state will soon be able to keep pace with the new car in about six years, but I think this speed will be between one and two years. This policy is bound to be broken, because if you do not break it, there will be great contradictions. The government considers it from the perspective of security risks and considers it from various issues. It will also adjust this policy. So maybe when we look back at six or seven years, this thing is not something. It is nothing but a year and a year later.

Tencent Auto: When you look back, it's actually pretty fast.

Ma Xiaowei: Yes.

Tencent Auto: Thank you, Ma, for accepting our interview today. Thank you.