AutoBeta(AutoBeta.net)05/30 Report--

Under the impact of COVID-19 in the global auto market, many countries around the world experienced a sharp decline in negative growth in April this year, with markets such as Europe and the United States falling nearly 100%. The United States, the world's most mature auto market, is no exception. It fell to an all-time low in April this year, but market performance in the region picked up in May as the market gradually recovered.

At present, the US market is not so much achieving sales growth as bottoming out. New car sales in the US are expected to be 1.1 million in May, still down 32 per cent from a year earlier, but up nearly 50 per cent from April, according to data from Edmunds, an auto research company.

In response, Jessica Caldwell, executive director of Edmunds, said, "although it will take some time for the market to recover, we can be sure that April, which is affected by the epidemic, will be the lowest point, and from the market performance in May this year, there are some signs of recovery."

Gradually affected by the epidemic, the impact on production and life in the United States is intensifying, causing the three major automakers in the United States, General Motors, Ford, and Fiat Chrysler, to close their factories and stop work. To make matters worse, car dealerships have been forced to close, and traditional car purchase channels have been almost cut off, leaving only online transactions to become the only way to buy cars in the US auto industry. This has also pushed the US car market to its lowest level in nearly 30 years. In April, US car sales were about 633000, down about 53 per cent from a year earlier and 36.6 per cent from a month earlier, the lowest level since 1990.

Although it is said that the number of people infected by the epidemic in the United States has not stopped, due to the fact that most people cannot accept the "restriction order" issued by the government and the price paid by the continued shutdown of enterprises, under reasonable control, the three major car companies in the United States also resumed work on May 18. That date also coincides with Michigan's Family order, which expires on May 15.

It is worth noting that in order to resume work as soon as possible, Tesla has also ignored the blockade order imposed by the local government to curb the spread of novel coronavirus and vowed to reopen the factory.

Musk also tweeted earlier: "Tesla will resume production in violation of Alameda County regulations." I will go online side by side with everyone else. If someone is arrested, I ask that it is only me. " However, with the support of Trump, Tesla reached a settlement with the government, and the factory officially resumed production on May 18.

Obviously, due to a long ban on the resumption of work and production in many parts of the United States, this has also played a positive role in the recovery of the automobile industry. At the same time, May is also a traditional peak season for the US auto market, which brings some signs of recovery to the US domestic market as more and more auto industries return to work and return to production.

Although some consumers are still banned in May, many automakers have launched preferential activities, such as offering 84 months of zero-interest loans and steep discounts to boost new car sales. in terms of growth performance, it also played a role.

Although the US market showed slight signs of recovery in May, due to the COVID-19 epidemic, it is still at its peak. Up to now, more than 1.74 million have been diagnosed by COVID-19 in the United States. In this regard, enterprises that have resumed work and production must be properly controlled, otherwise, if one person appears, the factory may once again be shut down. In addition, due to the slow restart of some factories and a shortage of parts, some high-demand models in the United States may be in short supply.

According to J.D. Power, U.S. car inventory levels are not likely to return to normal until July at the earliest, which could lead to stagnant or lower sales in the coming months.

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