China (CAAM): New car sales in the first half of 2019: 12.4% decrease from the previous year
Shanghai
August 01, 2019
First-half new car sales: (See Table 1)
Car sales dropped sharply by 12.4% year-on-year to about 12.32 million units.
June simple month:
About 2.06 million units, down 9.6% from the same month last year.
The decrease decreased 6.8 points from May (16.4% decrease).
June decrease: Reason for reduction
There was a rush demand for gasoline cars since “country 6”, a major city emission control system in China, was introduced for gasoline vehicles from July 1.
From June 26, there was a rush demand for new energy vehicles (NEVs) as the subsidies for NEVs were also reduced.
CAAM: Annual sales forecast (see Table 2)
“Automotive News China July 25” which revised sales forecast of 2019 downward to 26,680,000 units which decreased 4.7% from the previous year
Shanghai Automobile: Annual sales forecast
China’s largest automaker, Shanghai Automobile, has reduced its annual sales forecast to 6.54 million units, down 8% from the initial target, “Automotive News” July 19th.
-JETRO
https://www.jetro.go.jp/biznews/2019/08/25b1057bed3b8d5b.html