China: 6 Japan Autos, March new car sales in China: 40% decrease , improvement from February
China:
Most car dealerships were closed in the first half of February to prevent the spread of the new Corona infection.
However, in March, many stores opened normally.
6 major Japanese companies:
Sales of new Chinese cars in March fell below the previous year’s results.
However, it improved compared with February (Toyota Motor dealer in Guangzhou, Guangdong)
Sales in March:
Toyota Motor:
It decreased by 15.9% year-on-year to 101,800 units, the smallest of the six companies.
“Distributors in each region thoroughly cultivated customers” (related person)
Nissan Motor
In March, it decreased by 44.9% to 73,297 units, an improvement from 80.3% in February.
“The market is starting to show signs of recovery,” said Nissan.
Recovery status:
In March, “local governments such as Guangdong Province began to provide subsidies for replacement of passenger cars” also supported sales.
“Regional dealers that have introduced subsidies have recently shown a recovery that is close to the previous year’s results.” (Japanese manufacturer executive)
Entire China:
February:
New car sales fell 79.1% to 310,000 units, the largest reduction ever.
March:
Although it is recovering, demand has not completely returned.
It is inevitable that the number of vehicles sold for the full 20 years will fall below the previous year’s results for the third consecutive year, and the business environment will continue to be severe.
Nihon Keizai Shimbun
https://r.nikkei.com/article/DGXMZO57813250Y0A400C2TJ2000?s=4
New Corona / 6 new Japanese car sales in China, 40% reduction in March, improvement of decrease by restarting business | Nikkan Kogyo Shimbun