The Chinese market fell 35.5% in the first 4 months of 2020

The Chinese automobile market for passenger cars fell 35.5% in the first quarter of 2020, compared to the first quarter of 2019, but unlike the European and American markets, the hardest is over, since April ends at a comparable to that of April 2019, when March was down 48.4% and February was down 81.7% at the worst of the coronavirus crisis.


The Covid-19 crisis started earlier in China and therefore ends earlier than in Europe or the United States, and it is not clear why the result achieved in April in China could not be achieved in June in Europe or the United States.


Obviously, the recovery has been effective in China since April, even if we remain in the quarter at a level of a third lower than last year which was already less than 10% compared to that of 2018 .


Over the whole year, the Chinese government expects a drop of -10% which corresponds to a drop of 35.5% in the first quarter of 2020 which would continue from May to December with a market level comparable to that of 2019.


Who were the manufacturers most impacted on the first quarter of 2020?


French manufacturers Renault (-78%) and PSA (-74%) are the most affected, followed by the GM (-52%) and FCA (-59%) groups. Next come the Hyundai-Kia (-42%), Volkswagen (-34%), Honda (-34%) groups, but the latter two do better than the market as a whole. Tesla is the only one to progress in this market.


20-11-6
    
 

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