The Chinese market fell 45.4% in the first quarter of 2020

The Chinese automobile market for passenger cars decreased by 48.4% in March 2020 compared to March 2019, China is still handicapped by the coronavirus crisis, even if March marks a slight improvement compared to the previous month which had decreased by 81.7% compared to February 2019.


Assembly factories and car dealerships in China were able to restart in March, but at a slow and gradual pace, due to the introduction of health protections and drastic social distancing that is slowing production.


It is unclear today whether production fully meets market demand in China, or whether demand cannot be fully met due to insufficient production. In any case, production follows the pace of registrations with a drop of 49.8% in March 2020, after a drop of 82.9% in February 2020 and a drop of 28% in January 2020.


Over the cumulative period of 3 months 2020, the Chinese passenger car market fell by 45.4% while production fell by 48.7%.


Which brands fell the most during this first quarter of 2020 in China?


We observe that Renault collapsed by 89% and PSA by 82%. These are the two manufacturers most affected. We also note the poor scores of FCA (-66%), GM (-62%), Honda (-50%) who see their market share decrease. The VW (-44%), Nissan (-45%), Hyundai-Kia (-47%) and Mazda (-49%) groups are seeing their market share stabilize. Chinese manufacturers, Ford, Mercedes and BMW, on the other hand, are seeing their market share increase.


20-9-1
    
 

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