Chinese market of passenger cars down 12.1% over 9 months 2020
- The Chinese passenger car market was down 12.1% in the first 9 months of 2020, compared to the first 9 months of 2019, while the decline reached 22.5% in the first 6 months of 2020, -27.5% over the first 5 months and -35.5% over the first 4 months, compared to the same period of 2019. The Chinese market has therefore improved noticeably since last April, which definitively marked the return to before crisis levels. It is to remind that March posted a drop of 48.4% and February a drop of 81.7% at the worst period of the coronavirus crisis before April was back to the level of last year.
- May month was positive (+ 7.2%) as well as June (+ 2.1%). The month of September 2020 posted an increase of almost 9%. These were the first positive months since 2018. It can therefore be said that the coronavirus crisis seems to have passed in China and that future months will continue to be on the rise.
- However, the catching up of sales missed in February and March 2020 will not take place, and the market will remain slightly down over the whole year, between -6% and -9%, if the trend of the last few months continue.
- China was the first large country impacted by the pandemic to restart and return to a level of sales comparable to 2019 from April 2020, which is not at all the case for the European and American markets which will remain negative all over the year.
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