AutoBeta(AutoBeta.net)02/27 Report--

According to foreign media reports, investor service company Moody's predicts that car market sales will decline further in 2020 due to the impact of novel coronavirus's epidemic, and global car sales are expected to decline by 2.5%. As far as the Chinese market is concerned, the impact of the epidemic on the Chinese economy will continue throughout the spring, and car sales in China are expected to fall 2.9% this year.

For comparison, global car sales (including passenger and commercial vehicles) were 90.32 million in 2019, down 3.25% from 93.33 million in 2018. In the Chinese market, annual sales reached 25.769 million, down 8.2% from the same period last year. China's auto production and sales still rank first in the world.

For Moody's forecast, industry people think it is too "conservative", due to the epidemic, China's car sales fell sharply in the first quarter, followed by the cold winter of the car market, economic recovery and other problems, leading to uncertainty in car sales data.

According to statistics from the China Federation of passengers, sales in the domestic car market fell 20.4% in January from a year earlier, and cumulative sales from January to February are expected to decline by about 70% from a year earlier. Due to factors such as the persistence of the epidemic and the uncertainty of macroeconomic recovery, China's auto market is expected to continue to decline, with data falling for three consecutive years.

However, at present, it has been clear at the national government level that new policies and measures will be issued to stimulate automobile consumption. The Ministry of Commerce made it clear that it will thoroughly implement the important decision-making arrangements of the central government on "actively stabilizing traditional bulk consumption such as automobiles," and work with relevant departments to study and introduce policies and measures to further stabilize automobile consumption. reduce the impact of the epidemic on automobile consumption. At the same time, all localities are encouraged to introduce measures to promote the consumption of new energy vehicles, increase the purchase restrictions on traditional vehicles, and trade in old cars for new ones in accordance with local conditions, so as to promote automobile consumption.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat