Automotive Aftermarket is the direction of supplier transformation and development
If the move to unmanned driving is the direction of transformation for this round of automotive electronics suppliers, then the push into the back-end market is the main direction of development for tire and machinery suppliers.
On October 29, 2015, Beijing Capital Tire Co., Ltd. officially declared bankruptcy. According to the introduction, the Capital Tire was a wholly-owned subsidiary registered and established in 1999 by Beijing Capital Group based on the former Beijing Tire Factory. As one of 24 national manufacturers focus on the tire, the first tire is the development, production and sales of passenger car, light truck radial tires and light truck, truck, OTR tire mainly of large state-owned tire companies, for many years one of the world tire Ranked among the top 75, comprehensive economic strength ranked 15th in China's tire industry, and semi-steel radial tires ranked in the top 5.
The potential of the automotive market is huge
According to public information, there has been no start of work since the Spring Festival this year. A large number of employees of the company were dismissed and prosecuted for defaulting on suppliers’ payment. In the first half of the year, the labor relations of more than 1,000 contract workers have been released. At present, the company has filed for bankruptcy protection with the SASAC.
Allegedly, the rumors of the fracture of the tire factory's capital chain have occurred one after another two or three years ago. The overcapacity, export friction, and adjustment of compound rubber standards in the tire industry have affected the operating difficulties and closure of a large number of small factories.
Before the Spring Festival this year, first of all, Derrybao Tire, which is affiliated with Shandong Haolong Group, submitted a bankruptcy application to the People's Court of Guangrao County, Shandong Province. As of bankruptcy, the company had liabilities of 4.7 billion yuan, of which bank liabilities exceeded 2 billion yuan.
In addition, there are companies that have been exposed to capital chain breaks. On July 10th this year, Shandong Futaier Tyre Co., Ltd. of Linyi, Shandong, was rushed into the warehouse by the company’s raw material supplier and grabbed raw materials, tires, and chemical materials worth about 2 million yuan, because the company was unable to repay the 2 million yuan of debt owed to suppliers.
Experts believe that the reason why the market appears to have difficulties and bankruptcy in this round of tire companies is, on the one hand, a change in the development of the automobile industry, resulting in excess industry. The more important reason is that the production mode of Chinese tire companies is too single.
According to the introduction, with the slowdown in the growth of the Chinese auto market, especially the decline in sales of the commercial vehicle market, this has little effect on Chinese small and medium-sized tire companies, because their main profit comes from the aftermarket auto parts market, but due to the lack of pre-installation market. The boom caused tire suppliers of international big brands to also shift to the aftermarket, and increased the development of the front loading market. With the advent of Internet companies such as “selling tiresâ€, it has caused zero profit or low profits in the tire industry in the entire post-market. This is the key to the bankruptcy of these small and medium-sized tire companies.
The emergence of Internet e-commerce companies such as "Mai Tire" has resulted in a small profit or zero profit for the entire aftermarket tire market, but this does not hinder the loss of the tire-removing business of post-market quick repair companies.
The reporter understands that at present, tire giants such as Bridgestone, Michelin, and Pirelli have all increased their investment in the automotive aftermarket, especially the development of direct-operated store maintenance chain stores. These chain stores not only sell the tires of the brand, but also provide related maintenance dimensions. Bao, tire refurbishment and other services.
In fact, not just the tire business, other parts giant also have strengthened the international distribution of the market, such as Bosch, Delphi and other traditional parts enterprises, PPG, DuPont and other traditional paint companies have accelerated in the country offline The layout of service outlets.
In the automotive aftermarket, which has attracted much attention from the capital market, these types of maintenance companies that are uniformly authorized by multinational parts and components companies are rapidly developing. The Guangdong Express province has successively obtained the authorization of eight chain giants.
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