Chinese passenger car production fell by 15.8% in the first half of 2019
- Chinese passenger car production fell by 15.8% in the first half of 2019, after having already fallen by 5.1% over the whole of 2018. This decline was the first in about 20 years, and it is therefore likely to be repeated in 2019, according to figures recorded in the first half of the year. This decrease in production observed this year is the direct consequence of the decline in the Chinese market, of the same order of magnitude. China imports few cars and also exports very few cars. In the first half of 2019, China accounted for 26% of global PC production.
- We can see on the graph that the decline in the Chinese market really began in June 2018 and has not stopped since. This decline has even tended to increase since the autumn of 2018. It is not easy to know whether the Chinese government has allowed this market decline to occur and whether it will be able to decide when the market will recover, in short, whether the market is under control or not. However, it seems likely that the Chinese market will no longer experience double-digit growth over the next decade.
- Over the first six months of 2019, it can be seen that 100% Chinese manufacturers are more affected by the drop in production (-21.4%) than foreign manufacturers (-11.7%). They now account for only 39.5% of production compared to 42.5% a year earlier.
- The largest increases were recorded by the Premium Borgward (+94%), Volvo (+27%), BMW (+15%) and Mercedes (+13%) brands. The largest decreases were recorded by the DS (-97%), Lifan (-91%), Renault (-76%), Soueast (-74%), Jiangling (-71%), Ford (-65%), Peugeot (-62%), Suzuki (-56%) and Citroën (-55%) brands.
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