The continued decline in the prices of raw materials such as oil and steel (Fukami, Seaford, and Hippo 3) has temporarily relieved the auto industry. "If steel prices have been falling like this, then the overall purchase price next year will be more favorable." Manufacturers said. Of course, the drop in raw material prices has only partially eased the pressure on automakers.

On October 14, the latest news from “My Steel”, global steel prices continued to fall.

The reference price of cold rolled coils in the Nordic countries slipped by €22/t ex-works; in southern Europe, the prices of cold coils and hot-dip galvanized sheets fell sharply, and the average delivery time of thin sheets was extended; in the Middle East, flat steel demand may not recover this year, mainly due to Faced with high port inventory, no one is willing to make large orders.

Affected by the financial crisis, oil demand has further contracted, causing oil prices to fall from the 150-dollar altar to today's $80.

The automakers have come to the fore and the relevant person of the Volkswagen China Investment Corp. said, “The decline in the prices of raw materials such as steel and petroleum is an advantageous information for the automotive market. This year, the cost of automobiles has always put pressure on us. Domestic car prices could not rise again.” Yang Feng of the Dongfeng Nissan Market Department said that the rise in steel prices in the first half of this year has increased the cost of bicycles for mid-to-high-end cars by about 10%.

“The biggest benefits will not be apparent until the signing of the procurement contract next year.” A person in charge of the Shanghai General Public Relations Department told reporters, “This is a large-scale procurement area. Manufacturers generally sign full-year contracts with steel suppliers early in the year. If steel prices have been In the fall, next year's estimated overall price will be more favorable."

This year, Chinese automakers have been struggling to support it. According to statistics from the China Association of Automobile Manufacturers, in September, domestic sales of passenger cars were 552,800, a year-on-year decrease of 1.44%. This was the second consecutive month since the second half of the year and year-on-year declines. Sales of passenger cars in August decreased compared with the same period last year. 6.34%.

In any case, in the difficult auto market, the decline in the price of raw materials is one of the few exciting news.

However, an auto dealer from Shanghai Volkswagen pointed out that the predicament of the current auto market is not caused only by increased costs. Consumer confidence has been hit, and there is no willingness to spend on major consumption is the key to the problem. When the purchasing power of the general public declines and the output declines, the cost of manufacturing bicycles will rise.

The data provided by the AAA Automobile Club from the United States also shows that although the price of gasoline has fallen by about 11% from the highest level in mid-July, many customers who plan to buy cars still intend to postpone the purchase time.

“In addition, from a technical point of view, car costs are increasingly limited to electronics. Therefore, oil prices are only an important reference, and there is no decisive significance.” Delphi Automotive Electronics experts said.

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