NAV: AutoBeta Home > AutoBeta Popular content >

China's auto market Learn more about China's auto market

AutoBeta has retrieved the following content about China's auto market for you across the entire web.

• 

  A number of auto executives have spoken: China's auto market will resume growth in the second half of this year.

  During the Shanghai auto show, a number of auto executives said in an interview that due to the support and stimulation of government policies, China's auto market will resume growth in the second half of this year! Among them, Feng Xingya, general manager of GAC GROUP, said: "We expect the automobile market to show negative growth or even double-digit negative growth in the first half of this year. But due to government subsidies, discounts from carmakers and a better macroeconomic environment, car sales growth will turn positive in the second half of the year. " Mitsubishi Motors CEO Yoshiko believes that China's auto market is moving towards more balanced growth, especially if trade friction between China and the United States.

  Automobile 2019-04-19
• 

  China's auto market continues to decline, expert: car demand is very strong, there is still room for growth

  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.

  Car sales car spending power 2019-10-21
• 

  China's auto market may fall by more than 20% in August, and car sales have dropped continuously.

  China's cumulative passenger car sales from January to July reached 11.44 million, down 8.8 per cent from a year earlier, according to the Federation of passengers. China's auto market experienced a 12-month decline in sales, as the price cut and inventory clearance stimulated consumer demand in June, and then continued to decline in July due to early consumer overdraft. it is also an off-season for sales, and the car-buying environment will remain depressed. According to the data report released by the Federation of passengers today, whether terminal retail or manufacturer wholesale, China's car market still experienced a double-digit decline in the first three cycles of August, even reaching 20%. The first of August.

  2019-08-28
• 

  The start plummeted 31%, and China's auto market hit rock bottom again in August.

  After an arduous five-nation and six-stage period, the cumulative sales of passenger cars in China from January to July ended with a year-on-year decline of 8.8%, and the depressed car-buying environment continued. The unprecedented price reduction in the terminal market makes the early consumption overdraft have a great impact on the follow-up. According to the data report released by the Federation of passengers, both terminal retail sales and manufacturers' wholesale figures "plummeted" at the beginning of August. Retail sales in the passenger car market in the first cycle of August were relatively low, with an average daily retail sales of only 27000 units, down from 40, 000 units in the same period last year and down 31 per cent from a year earlier. In addition, manufacturers wholesale 27000 sets on average for several days, a year-on-year decline.

  Trough the start plummeted 31% China's auto market 2019-08-15
• 

  Another data in China's auto market set a record, with dealer inventory reaching a new high in February.

  February inventory of car dealers

  February inventory of car dealers 2020-03-02
• 

  The world share of Chinese auto companies was 30% in the first quarter.

  According to FIFA data, world car sales from January to March in 2023 were 20.38 million, an increase of 4% over the same period last year. Among them, world car sales in March were 8.07 million, up 11% from the same period last year, but down 13% from 9.28 million in March 2018 and at a record low and medium level. Secretary of the Federation of passengers

  Automobile China Market sales World share New Energy level Federation Automobile Market Europe International data Chip Industry 2023-04-30
• 

  Countering Chinese electric cars? Emergency statement of EU Chinese businessmen

  European Commission President Ursula von Delaine (Ursula von der Leyen) announced a countervailing investigation into China's electric vehicles on Sept. 13, local time, because the EU is worried that Chinese car companies are producing low-cost electric cars through large government subsidies.

  China Automobile Electric Europe Market subsidy Electric vehicle New Energy Electric vehicle Export Survey Auto Show Competition Enterprise Biya 2023-09-14
• 

  China Automobile Association: luxury car prices have fallen sharply, and more and more people are buying them.

  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.

  China Automotive Industry Corporation 2019-05-26
• 

  The latest market share ranking: the sharp decline in domestic cars and the rise of Germany and Japan

  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.

  Automobile market 2020-06-15
• 

  Sales are expected to fall by another 36%, and China's auto market is still not optimistic in March.

  Sales fell by another 36%, and the Federation predicted that China's auto market would be hit in March.

  Sales fell by another 36% and the Federation predicted that China's auto market would be hit in March. 2020-02-27
• 

  The rapid popularity of cars in China is basically over, and some car companies will be eliminated by the market.

  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.

  Automobile industry 2019-11-08
• 

  The bosses of six car companies collectively spoke out: they are not afraid of competition from foreign car companies.

  During the two sessions, the reporter interviewed the leaders of six automobile companies, namely FAW, Dongfeng, SAIC, BAIC, Guangzhou Automobile and Chery. In the face of a more and more open car market, Dongfeng Automobile Chairman Zhu Yanfeng said bluntly that he was not afraid of competition from foreign car companies, while in addition to Dongfeng, Chinese car companies such as SAIC, BAIC, Guangzhou Automobile and Chery said they hoped to wrestle with foreign car companies. FAW, Dongfeng, SAIC, BAIC, Guangzhou Automobile and Chery sold a total of about 19.54 million vehicles last year, accounting for about 70 percent of the country's car sales. During the two sessions, Economic Voice reporters interviewed the above six auto company bosses, including FAW Group General Economics.

  Six boss speak up. 2019-03-13
• 

  China's auto market is likely to see explosive growth, and these policies and measures are good for the whole industry.

  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.

  Car consumption car sales 2020-02-24
• 

  Authorities: unpopular brands and dealers are bound to withdraw from this market

  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.

  Automobile market 2020-05-30
• 

  There will be only five or six Chinese car companies left, with the rest shutting down or mergers and acquisitions.

  A number of auto executives have predicted that 50% of China's autonomous car companies will fail in the future, while Zhu Huarong, president of Changan Automobile, believes that there will be only five or six Chinese car companies left. During the Guangzhou auto show, Zhu Huarong said that he had predicted three years ago that "the closure and merger of enterprises within three or five years is not news." in the next three years, more enterprises will close and merge, and eventually there will be "only five or six Chinese car companies left." Entering 2019, China's car sales continue to decline, the industry environment continues to deteriorate, automobile enterprises have operating difficulties one after another, performance has declined to losses, stop production and arrears of wages emerge one after another, some enterprises sell land to sell qualifications, and even enter the merger.

  Automobile industry 2019-11-28
• 

  Xu Liuping: China's auto market is strong enough to keep negative growth without affecting FAW.

  According to data from the China Automobile Association, automobile production and sales completed 18.149 million and 18.371 million respectively from January to September, with production and sales down 11.4% and 10.3% respectively compared with the same period last year. China's automobile production and sales are in a depressed environment, FAW Group's production and sales have also been affected to a certain extent. From January to September, FAW Group's automobile production and sales were 2.41 million and 2.461 million respectively, down 3.4 per cent and 3.7 per cent from the same period last year. At the third China Enterprise Reform and Development Forum, Xu Liuping, chairman of China first Automobile Group Co., Ltd., said that although China's passenger car market has achieved negative growth for 18 consecutive months.

  Red Flag Xu Liuping Red Flag October sales 2019-11-04
• 

  2022 quality list: the performance of China's new cars is inferior to that of last year.

  A few days ago, auto market research agency J.D.Power (Jundi) released China's new car quality research SM (IQS) in 2022. Research shows that due to an increase in complaints caused by design defects, the quality performance of China's new cars declined slightly in 2022, and the overall quality performance fell behind that of last year. Research shows that 20.

  Brand quality new cars design cars Honda China products problems Dongfeng research obvious luxury Dongfeng Honda defects 2022-09-09
• 

  The automobile industry is speeding up the reshuffle, and marginal car companies are facing elimination.

  Another joint venture, Dongfeng Renault, is dissolved and delisted, while SAIC makes an evaluation of the industry pattern that "the concentration of the market is constantly increasing, and weak brands are facing elimination". Major changes will take place in China's automobile market affected by the epidemic in 2020. The continuous decline of the auto market has made the industry even worse. According to industry insiders, China's auto market has entered a phase of elimination of the fittest. According to the latest report of the Federation of passengers, passenger car sales in China fell 41% in the first quarter of this year compared with the same period last year. The decline in the market will further narrow in April, but the decline is also expected to reach 8%. Prior to this, the Federation of passengers has made a forecast on the trend of the car market for the whole year.

  Automobile industry automobile market 2020-04-18
• 

  Passenger car sales in China fell by 17.71% in January compared with the same period last year.

  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.

  Car sales volume 2019-02-18
• 

  China's new car quality report in 2020: Honda first, Lexus non-optimal

  For the choice of new cars, quality must be one of the factors for consumers to consider. A few days ago, J.D. Power released a 2020 study on the quality of new cars in China, which shows that the quality of new cars of mainstream brands has been continuously improved in the past five years, the gap between the quality of new cars of mainstream brands and luxury cars has gradually narrowed, and independent brands have improved year by year.

  New car 2020-10-16