“Last year domestic demand was the highest, but management performance was sluggish”
(Seoul = Yonhap News) Reporter Kwon Hee-won = As the global automobile market enters a recovery phase this year, an analysis that the domestic automakers’ production and exports will increase compared to last year was analyzed.
[연합뉴스TV 제공]
According to data distributed by the Korea Automobile Research Institute on the 4th, ‘2020 auto industry settlement and forecast for 2021’, domestic automobile production and exports this year are expected to increase by 8.8% and 20.6%, respectively, compared to last year, and domestic demand is expected to decrease by 3.8%. .
Based on IHS Markit statistics, the researcher predicted that this year’s global automobile sales will increase by 9% from last year to 83.4 million units.
In particular, as global electric vehicle sales are expected to reach 4 million this year, it is predicted that sales will increase, mainly for electric vehicles.
Last year, global automobile demand decreased by 15%, while electric vehicle demand increased by 30%.
However, the global automobile industry’s R&D investment, which was on the rise until 2019, is expected to continue on a decline this year following last year.
The researcher explained that last year’s R&D investment in the global automobile industry fell 17% year-on-year, and this year it will decrease 12% compared to last year.
[연합뉴스TV 제공]
Regarding the performance of the domestic automobile industry last year, despite the new coronavirus infection (Corona 19), it recorded the highest domestic sales ever, but it was evaluated that management performance such as employment was sluggish.
Domestic cars sold in the domestic market last year increased by 6% compared to the previous year to 1.33 million units, and imported cars increased by 8% to 265,000 units.
The researcher said that the demand was driven by individual consumption tax cuts and the launch of new cars in the finished car industry, which led to the growth of domestic sales, the only one among the world’s major automobile markets despite COVID-19 and labor-management conflicts.
However, it was analyzed that the domestic automobile industry’s management performance was the lowest level since the financial crisis.
According to the Bank of Korea, in the third quarter of last year, the debt ratio and debt dependence of the’automobiles, trailers and other transport equipment’ sectors rose.
As global demand for new cars declined, exports reached 1.89 million units, resulting in a decrease in production. Domestic automobile production decreased by 11% year-on-year to 3.54 million units, the lowest since 2009.
As of the end of June last year, the number of employment in the auto parts industry decreased by 19,000 from the end of 2017.
[게티이미지뱅크 제공. 재판매 및 DB 금지]
The researcher also explained that although Hyundai and Kia Motors ranked fourth in the world’s electric vehicle sales last year, the phenomenon of favoring hybrid cars over electric cars in Korea was remarkable. Hybrid cars contributed to the increase in demand for eco-friendly cars at 99.6%.
The researcher said that it is estimated that CO2 emissions from the automobile sector have increased due to the slowdown in electric vehicle sales.
Lee Hang-gu, a research fellow at the Korea Automobile Research Institute, said, “With the recognition that the paradigm shift in the automobile industry will be accelerated, we need to retrain the existing manpower, cultivate specialized manpower, and expand R&D investment.” It must be nurtured,” he said.
Unauthorized reproduction-prohibition of redistribution>
2021/01/04 15:09 sent