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Major changes have taken place in China's auto consumer market, with not only the continued decline in new car sales, but also a tilt towards the luxury car market. A few days ago, the China Automobile Association and other units jointly issued the "Automobile Industry Blue Book: China Automobile Industry Development report (2019)", which pointed out that 2018 was the turning point of China's automobile industry, and analyzed the current consumption trend of the market through data. New car sales have slipped according to data released by the China Automobile Association, total car sales in China in 2018 were 28.0806 million, down 2.76 per cent from a year earlier. Shi Jianhua, deputy secretary-general of the China Automobile Association, believes that the main reason for the downturn in the auto market in 2018 is the purchase.
On February 13, the China Association of Automobile Manufacturers (hereinafter referred to as "the China Automobile Association") officially released the economic operation of the automobile industry in January 2020. according to the statistics of the key enterprise groups of the China Automobile Association, the production and sales of cars are estimated to have completed 1.783 million and 1.941 million respectively, down 33.5% and 27.0% respectively from the previous month, and 24.6% and 18.0% respectively from the same period last year. Specifically, the production and sales of passenger cars in China are expected to complete 1.444 million and 1.614 million respectively in January this year, down 33.9% and 27.1% respectively from the previous month, and 27.6% and 20.2% respectively from the same period last year.
Since the second half of 2018, China's automobile production and sales have entered a decline channel, which has declined for 15 consecutive months compared with the same period last year, and the depression of the automobile industry will continue. The rapid popularity of cars in China is almost over, Ministry of Commerce officials said in a speech yesterday. Hu Jianping, deputy director of the Market Construction Department of the Ministry of Commerce, said at the second Import Expo's "China Automobile Industry Development Forum" on November 7 that the rapid popularity of cars in China has been basically affected by the superposition of multiple factors, such as the increasing downward pressure on the macro-economy, the slowdown in the growth of residents' income, the strengthening of resources and environmental constraints brought about by the continuous growth of car ownership, and the change in the concept of automobile consumption.
A few days ago, the Foreign Trade Department of the Ministry of Commerce issued the "High quality Development report on China's Automobile Trade", which affirmed China's important position in the global automobile market, and recognized the current situation and achievements of the high-quality development of China's automobile trade. It also recognizes the gap and provides guidance for the development of Chinese brands in overseas markets. The Foreign Trade Department of the Ministry of Commerce said that the international status of a country's automobile industry can basically represent the overall international status of the country's manufacturing industry. the automobile manufacturing industry is also an important indicator of a country's industrialization, economic strength and scientific and technological innovation capability. At the same time, the automobile industry is also the most globalized industry.
In May, China's auto industry recovered significantly, pent-up demand from some consumers also accelerated the release, and the auto market ushered in a short-term boom. According to the China Automobile Association, China's auto production and sales completed 2.187 million and 2.194 million respectively in May, up 4 per cent and 5.9 per cent month-on-month, and 18.2 per cent and 14.5 per cent respectively over the same period last year. However, affected by the epidemic for many months, the overall environment of the automobile industry is still grim. From January to May, China's automobile production and sales completed 7.787 million and 7.957 million respectively, with production and sales falling by 24.1% and 22.6% respectively compared with the same period last year. At the same time, the China Automobile Association released the latest market share ranking.
On the evening of October 9, Changan Automobile Group officially announced that China Changan Automobile Group Co., Ltd. held a general meeting of cadres and workers. The meeting announced the decision of the leading party group of the weapons and equipment Group on the adjustment of the chairman and secretary of the party committee of China Changan Automobile Group Co., Ltd.: comrade Zhao Fei was appointed director of China Changan Automobile Group Co., Ltd.
On November 11, the China Automobile Association released the latest production and sales situation of China's automobile market in October 2019. Data show that the production and sales of China's automobile market in October 2019 were 2.295 million and 2.284 million respectively, down 1.7% and 4% from January to October last year. China's auto market accumulated production and sales of 20.652 million vehicles, down 10.4% and 9.7% respectively in the same period. Since the decline of new energy vehicles, the sales volume of new energy vehicles in China has declined for four consecutive months. On the whole, China's production and sales completed 95000 and 75000 respectively in October this year.
China's car sales remain in the doldrums, and the overall downward trend has not fundamentally changed. Car sales fell by double digits in the first half of 2019 and narrowed in the second half of the year as they entered a downward channel in the second half of last year and fell from a year-on-year base. On October 16th CCTV Finance released a set of data to further reflect the current situation of insufficient kinetic energy in automobile consumption. In September this year, China's car sales narrowed year-on-year, with production and sales of 2.209 million and 2.271 million vehicles respectively, down 6.2% and 5.2% respectively compared with the same period last year. 18.149 million and 1837 cars were produced and sold from January to September.
with the rapid development of the domestic automobile market, the market has changed from the incremental era to the stock era, so that the market competition has intensified. For this reason, it has become the norm in the industry for automobile giants to join forces to open up the market.
Car sales fell 79.1% in February from a year earlier, so far, China's auto market has fallen for 20 consecutive months compared with the same period last year. Under the continuing influence of the epidemic, the recovery pace of the automobile industry has been disrupted, and there is still a lot of uncertainty about when to return to proportional growth. According to the latest forecast of the China Association of Automobile Manufacturers, if the epidemic is effectively controlled by the end of March, production and sales are expected to decline by about 45% in the first quarter and about 25% in the first half of the year. China's auto market fell for the first time in 28 years in 2018 and widened to 8.2% in 2019.
In April, the market share of Chinese brand passenger cars was only 34.6%, down 2.6 percentage points from a year earlier, a six-year low; from January to April, the market share was 38.1%, down 2.5 percentage points from a year earlier, falling below the 40% red line again.
China's car sales totaled 28.0806 million in 2018, ranking first in the world for 10 years in a row, but down 2.76 per cent from a year earlier. This is the first time that China's auto market has experienced negative sales growth since 1990. In 2019, the domestic car market suffered a disadvantage in the first month, with passenger car sales falling 17.7 per cent year-on-year to 2.021 million in January, according to the China Automobile Association. Today, the China Automobile Association released domestic car sales figures. In January 2019, China's automobile production and sales completed 2.365 million and 2.367 million respectively, down 12.1% and 15.8% respectively from the same period last year.
China overtook Japan to become the world's largest exporter of new cars in the first quarter due to the growth of global electric vehicle sales, according to foreign media reports. Statistics from the China Association of Automobile Manufacturers show that in the first quarter, domestic automobile enterprises exported 994000 vehicles, an increase of 70 percent over the same period last year, surpassing Japan's 954000 vehicles.
Affected by the COVID-19 epidemic, China's automobile industry has entered the most depressed period in history, coupled with the original car market environment continues to decline, new energy vehicles have been hit by a substantial decline in subsidies, a series of factors led to a very bleak start to the auto market in 2020. In early February, China's car sales hit a record 92% year-on-year decline, and market anxiety intensified under the impact of the epidemic. However, the industry has high expectations of the car market, that the next car demand will gradually recover, there is the possibility of a concentrated outbreak of demand in the second quarter, policy relief and rescue of the market may set off a new round of the best part. Is the car market going to explode? According to the Chinese ride federation.
China's auto market has declined for two years in a row and hit rock bottom by the epidemic in 2020. According to the report of the China Automobile Association, from January to April, China's automobile production and sales completed 5.596 million and 5.761 million respectively, with production and sales falling by 33.4% and 31.1% respectively compared with the same period last year. Shen Jinjun, president of the China Automobile Circulation Association, believes that the transformation of enterprises is very painful, but it has reached the point that some unpopular brands and dealers with weak service ability are bound to withdraw from this market. Shen Jinjun said that the car market in 2019 continued the 2018 decline.
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China's automobile production and marketing has been ranked first in the world for 11 years in a row, and its market position has become increasingly important, but with the current stock competition, many foreign-funded car companies have retreated after encountering difficulties. After Suzuki withdrew from the domestic joint venture in 2018, Changan PSA was dissolved at the end of 2019, and Renault stopped operating the Dongfeng Renault joint venture in 2020. Under the Matthew effect, weak foreign-funded automobile companies may not be able to support delisting one after another. In view of the current overall auto market environment, Ford executives said that no car company can give up the Chinese market, but should be bigger and stronger in the Chinese market. December 9, the eighth "Development Zone Dialogue 50."
On May 11, the China Automobile Association released the latest production and sales figures. In April this year, car production and sales reached 2.102 million and 2.07 million respectively, an increase of 2.3 per cent and 4.4 per cent respectively over the same period last year. It is worth mentioning that April is the first month to achieve sales growth in China since 2020, and it is also the first growth in China's auto market in 21 months. However, despite the surprising performance in April, sales in February and March were so low that production and sales in the first four months of this year were not satisfactory. Data show that the cumulative production and sales of cars from January to April completed 5.596 million and 5.761 million respectively, down 33.4% from the same period last year.
when the domestic car market enters the environment of stock competition, the brands of car companies also appear obvious differentiation. Experiencing the trend of "low in front and high in later" in 2020, it further threatens the survival status of weak brands. From the perspective of the industry pattern, the concentration of the market is increasing.
In the first month of the New year, the sales of the top three of the Japanese system in China were collectively "dumb". As of February 7, Toyota, Honda and Nissan have all released their monthly transcripts in China in January 2023. According to the list of Automotive Industry concern statistics, the sales of the three car companies that have announced their sales in China have all suffered.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
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