The financial crisis has obviously affected the auto industry. According to the data released by Guangzhou Customs on the 17th, from January to November of 2008, the import of automobile parts through Guangdong ports was US$1.93 billion, an increase of 10% over the same period of last year, and the growth rate dropped by 31% year-on-year. In November, the import of auto parts through the Guangdong port was 160 million U.S. dollars, a decrease of 8.2%. Customs officials believe that the main reason for the slowdown in the growth of auto parts is the global financial crisis and the automobile industry, which has reduced the demand for auto parts in China. In addition, the increase in the localization rate of auto parts also further weakens the import demand. The global auto parts factories have accelerated their entry into the Chinese market. The vast majority of the world’s 50 largest auto parts companies have settled in China. Some spare parts can be directly purchased in the domestic market, and the substitution of parts in the local area is significantly enhanced. According to statistics, the growth rate of the major imported varieties of auto parts has slowed down. From January to November, the imported automatic shift gearbox for cars imported from the Guangdong Port and its components amounted to US$780 million, an increase of 11.4%, and the growth rate dropped by 41.6 percentage points; imports of other vehicles used zero and accessories of US$340 million, a decrease of 1.4%; imports The parts and accessories for the body (including the cab) were US$150 million, a decrease of 0.3%. The above three imports together accounted for 65.8% of the total value of automobile parts imported through Guangdong ports during the same period. Passenger Vehicle Alloy Wheel,Alloy Wheel,5 Spoke Alloy Wheel,Aluminium Offroad Wheel Black China Wheel (Taishan) Co.,LTD , https://www.tcwwheels.com