Himfr Reports Auto Parts Becoming Hot in 2010

BEIJING, May 5 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports that in 2010 auto parts are becoming hot.

Himfr analysts say that gross margin for auto parts is higher than that of the whole vehicle. Compared with the vehicle, in Chinese and international markets, auto parts have a technical advantage and competitive advantage, but also the valuation is lower.

In addition, Himfr learned from the auto industry that the relevant authorities are studying automobile consumption credit policies. This policy will certainly produce an overall positive development for the industry.

The Auto industry is still booming, Chinese consumption and demand remain the main tone of development of automotive components.

At present, Chinese consumption accounts for 35% of China's GDP, 30% of which is driven by the automotive consumers; therefore considering China's automotive stimulus, the new policy will certainly be timely.

Himfr believes that the introduction of automobile consumption credit policy is a natural next step. In the market, capacity is weak, and Chinese demand is temporary and contradictory.

It is reported that Chinese parts enterprises rely little on exports, and the growth of Chinese demand may offset the decline in overseas exports. If the foreign auto industry picks up, then parts and components exports will regain standing.

According to Himfr's report, car sales reached 4.6 million, year-on-year up 71%, and it is expected that in the next quarter sales will still keep increasing. The spare parts industry's prospects should be optimistic.

About Himfr.com

Himfr.com is a promising e-commerce company and a leading vertical search engine company in China. Himfr.com offers a variety of high quality products such as chandelier shades (http://www.himfr.com/buy-chandelier_shades/ ), Compaq D510 (http://www.himfr.com/buy-compaq_d510/ ), Motorola Bluetooth h700 (http://www.himfr.com/buy-motorola_bluetooth_h700/ ) and many more.

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SOURCE Himfr.com