AutoBeta(AutoBeta.net)06/13 Report--

Under the overall downward trend of production and sales in the domestic automobile industry, American automakers are also suffering from a greater impact.

According to the latest data released by the China Association of Automobile Manufacturers, by May this year, the market share of US car brands fell to 9.6% from 10.9% a year ago. Ford, GM and Fiat Chrysler have all suffered declines in sales. On the other hand, German and Japanese brands have increased in the Chinese market.

According to the latest data released by the China Automobile Association, the year-on-year decline in China's automobile production and sales expanded in May, with production and sales volume of 1.848 million and 1.913 million respectively, down 9.9% and 3.4% respectively from the previous month, 21.2% and 16.4% respectively over the same period last year, and an increase of 6.7% and 1.8% respectively over the previous month.

The decline in the performance of American brands is also inseparable from the domestic market. However, with the rising economic and trade tensions between China and the United States, American-branded cars have lost some of their competitiveness.

Japanese and European competitors happen to take advantage of the deteriorating image of American cars to quickly gain market share. It will also lead to fewer and fewer market shares such as Ford, General Motors and Fiat Chrysler.

China and the United States are still engaged in economic and trade negotiations to reach a trade agreement, and in April this year, China decided to continue to suspend retaliatory tariffs on American cars.

In fact, China's tariff rate on American cars is 15%, the same as imported cars from other countries, but economists say that if the United States really wants to raise taxes on the rest of Chinese goods, as Trump said before, then China is likely to end the moratorium on tariffs, eventually raising the tax rate on imported cars to 40%.

American car brands, with few cost-effective products and Trump's constant trade provocation, will have a hard time in the Chinese market.

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