久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

New car sales plummet in April, continuing downward trend

By Li Fusheng | China Daily | Updated: 2019-05-20 10:23
Share
Share - WeChat
Customers examine a Geometry A new energy car at an auto show in Nanjing, Jiangsu province. [Photo provided to China Daily]

CAAM says growth may emerge again in July or August

The downward spiral in China's new vehicle market continued in April, marking the 10th straight monthly fall in the world's largest car market, and the situation is unlikely to get better anytime soon, according to the country's leading industry association.

Statistics from the China Association of Automobile Manufacturers show April sales tallied 1.98 million, down 14.6 percent year-on-year, which is the largest fall this year.

In the first four months, sales of passenger cars and commercial vehicles totaled 8.35 million, down 12.1 percent from the same period last year.

Seven of China's top 10 automakers sold less vehicles from January to April than the same period in 2018.

At SAIC Motor Group, almost all its car-making subsidiaries saw sales fall, including its joint ventures with GM and Volkswagen.

"It (the deeper fall) is not what we would like to see," said Xu Haidong, an assistant to the association's secretary-general.

"But we anticipate the situation will continue for months before sales will rebound in July or August."

The association estimates 2019 sales will total 28 million units, basically the same level as in 2018, which means the world's largest vehicle market will not see any year-over-year growth.

Xu said the deeper fall in April was the combined result of a spillover of weakening demand from 2018, local authorities' failure to implement sales-stimulating policies and earlier-than-expected adoption of stricter emission standards in some regions.

"Earlier this year, the central government urged local authorities to offer some financial aid to car buyers, but so far we have not seen such moves," said Xu.

He said the gradual adoption of the stricter State VI emissions standards are causing a wait-and-see attitude among potential car buyers. As the standards take effect in some regions, it follows that the older models built in line with State V standards are not selling well, and fewer choices of State VI models are hurting sales, said Xu.

He added that some carmakers, especially in Chinese brands, are slow to introduce State VI models, causing their sales to fall deeper than the industry average.

Statistics show Chinese-branded passenger vehicles slumped 27.9 percent year-on-year in April to 585,000 units, while the average fall in the passenger vehicle segment was 17.7 percent.

Japanese brands were among the few automakers to report growth in recent months. Toyota reported around 20 percent growth with the help of revamped models of both its Toyota- and Lexus-branded models.

Lexus sold 21,839 units in April, up 46.9 percent year-on-year, making China its largest market for the first time.

Honda saw its sales in China grow 24.1 percent to 125,407, its best April on record in China.

"Japanese carmakers have products that are better prepared for a switch in emission standards," Xu said.

"At the same time, they're offering more affordable products."

Xu said China's automotive market will gradually improve later this year, with growth beginning to emerge in July or August.

"One thing is that customers who decide to wait now will start to place orders as more choices will emerge then, and the other is the base number was low in the second half of last year," he said.

New energy vehicles are partially insulated from the fluctuations in the overall market. April sales of electric vehicles, plug-in hybrids and fuel cell cars totaled 97,000 units, up 18.1 percent.

But the association said that the tendency of several electric vehicles from brands like Tesla and Nio to malfunction and catch fire has hurt consumer confidence. But it expected battery safety to improve if stricter quality standards are implemented.

In the first four months, new energy vehicle sales reached 360,000 units, up 59.8 percent from the same period a year ago.

The association expects an overall rising trajectory for the segment. At least 1.6 million new energy vehicles will be sold this year, up from 1.2 million in 2018.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产v精品成人免费视频400条 | 97国产精品欧美一区二区三区 | 国产精品久久久久免费a∨ 国产精品久久久久免费视频 | 久久毛片网站 | 2021国产精品自拍 | 亚洲人成在线免费观看 | 成人在线免费视频播放 | 一区视频| 亚洲国产成人久久精品影视 | 亚洲视频在线播放 | 精品日韩一区二区三区视频 | 亚洲成人黄色片 | 鲁大师成人精品视频 | 色碰碰| 国产日韩精品一区在线不卡 | 在线一区二区三区 | 亚洲第一影院 | 免费一级大片 | 日本在线观看免费视频网址 | 国产真实乱子伦精品视 | 免费一级毛片不卡在线播放 | 国产欧美日韩图片一区二区 | 久久国产精品久久精 | 亚洲在线一区二区三区 | 欧美区在线 | 亚洲成人一区 | 免费在线观看毛片 | 91小视频在线观看免费版高清 | 91九色视频无限观看免费 | 日本黄页免费 | 爱综合| 日韩在线视频线视频免费网站 | 国产免费资源 | 亚洲精品久久一区毛片 | 在线中文字幕日韩 | 日本a级精品一区二区三区 日本a级毛片免费视频播放 | 亚洲国产精品久久久天堂 | 中文字幕 日韩在线 | 日韩欧美一区二区三区免费看 | 91热视频在线观看 | re久久|