AutoBeta(AutoBeta.net)09/15 Report--

The China Automobile Association released data on the economic performance of the automobile industry in August 2019, which showed that China's automobile market sales in August this year were 1.958 million, down 6.9% from January to August last year, and domestic car sales were 16.104 million, down 11.9% from a year earlier.

The China Automobile Association pointed out that the sales situation in August this year is not optimistic, although the overall production and marketing of the industry has changed, but the pressure still can not be alleviated. August entered the car market sales recovery period, month-on-month began to show growth, but the increase is not obvious, the first half of the country five model promotion overdraft impact has not completely subsided.

Affected by the overall environment of the car market, many Chinese brand car companies are having a hard time. According to the TOP15 list of Chinese car companies from January to August released by the China Automobile Association, they are: SAIC, Geely, Changan, Dongfeng, Great Wall, BAIC, Chery, FAW, BYD, Jianghuai, Guangzhou Automobile, Sinotruk, brilliance, Shaanxi Automobile, Zhongtai, of which 11 car companies have declined, and only 4 have achieved sales growth against the trend.

Specifically, of the 11 car companies whose sales declined, 9 saw a double-digit decline in sales, with Zhongtai Motor falling by 32.4% compared with the same period last year. In addition, a total of 4 car companies have bucked the trend. They are Great Wall, Chery, FAW and Shaanxi Automobile, with the largest increase being Great Wall Motor, up 5.8% from the same period last year.

In addition, according to the data of the China Automobile Association, in the field of passenger cars, the market share of Chinese brands dropped by 3.4% from January to August, while the market share of Korean, American and French cars all declined compared with the same period last year. On the contrary, the market share of German and Japanese has increased against the trend.

Compared with June and July, there has been a pick-up in domestic auto production and sales in August. In addition, the State Council issued the opinions on speeding up Development and Circulation to promote Commercial consumption on September 4, and the Ministry of Commerce and other ministries are conducting in-depth research, extensively soliciting the opinions of automobile companies, and timely launching targeted policies and measures to improve consumer confidence, so as to alleviate the downward pressure on the automobile industry, and play a certain role in promoting domestic 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