AutoBeta(AutoBeta.net)09/30 Report--

Affected by the continuous impact of the COVID-19 epidemic, the overseas car market still shows signs of weak recovery, resulting in a continuous downward trend in many places in August. According to the latest monthly new car sales data released by various countries, 80% of the global car market continues to decline, with only China and India achieving year-on-year growth.

According to the latest auto market statistics of many countries around the world in August, only China and India have seen obvious market stabilization and growth. While other countries are still on a downward trend due to the impact of the epidemic, such as Europe, which still has a decline of nearly 20%. It has to be said that the impact of this epidemic has a great impact on the global car market.

Specifically, the Asian market has been better than the European market since the outbreak, and the Chinese market achieved an 11.6% year-on-year increase in sales in August. Since the outbreak of the epidemic in February this year, the world has failed to be optimistic, but thanks to the effective control of the domestic epidemic, the market has maintained a strong growth trend since May, causing a number of multinational car companies around the world to pay attention to the layout of the market.

Some people in the industry said that thanks to a number of domestic policy support, recent activities such as new energy vehicles going to the countryside, superimposed by policies to promote consumption in various places, have effectively enhanced people's consumer confidence, coupled with the traditional peak season of "Golden Nine Silver Ten". Further pull the market.

Also showing a growing trend in August is India, where the car market has rebounded strongly since the blockade was lifted. Figures show that India sold a total of 234000 new cars in August. Year-on-year growth of 19.7%; annual sales are even more outstanding, achieving a year-on-year growth performance of 18.6%.

Obviously, the demand for new cars in India, as a populous country, must be unmatched by other countries, which is why more and more car companies are willing to set up factories here for sale, including the Lexus brand.

By contrast, the Japanese and South Korean markets, both big automobile countries and located in Asia, were obviously poor in August this year, with Japan falling 15.9% year on year in August and 17.6% for the whole year; the decline is not only lower than that in Asia, but even worse than that in many European and American regions. In south Korea, new car sales fell 5.6% in august from a year earlier, a decline, but not by much.

The decline in sales in Europe in August was a bit of a surprise, with previous data showing a marked improvement in new car sales in Europe under consumer stimulus policies. New car sales in Europe fell 57 per cent in May, narrowed to 24 per cent in June and 3.7 per cent in July, only to turn sharply in August.

This has also led to a significant decline in sales in many European countries, including France, Germany, Spain and many other regions. There are media reports that in many areas, such as France and Spain, the virus infection rate has soared again, so it may once again pose a new threat to the future.

According to industry analysts, the recovery of the European car market in recent months is mainly inseparable from the government's stimulus policies, and it seems that the European government will not rescue the market again. Although German car companies have called for more aid from the government, which is supported by only some ministers, German Chancellor Angela Merkel is firmly opposed.

As for the Americas, it is still the region with a large decline. Us light vehicle sales fell by about 20.0 per cent, according to August sales data. Although the US market has shown signs of a slow recovery since May, the recovery has stalled since July.

Some analysts believe that inventory shortages, high unemployment, reduced household spending, declining consumer confidence and reduced incentives are the main reasons for the decline in the car market.

Throughout the global automobile market, the COVID-19 epidemic has obviously affected the whole market this year. Even under the effective control of the epidemic in some countries, the market still failed to recover. Even if sales are narrowed in places like Europe with government support, there is still a gap compared with the Chinese market, which shows that the Chinese market is still a key strategic market for global car companies.

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