China: New car sales in 2020: 6 Japanese cars
-Toyota and Honda are record highs-
6 Japanese automakers:
In 2020, new car sales in China will increase 1.6% year-on-year to 5.2 million units.
Toyota Motor and Honda reached record highs following 19 years.
Sales performance in the entire Chinese market decreased by 1.9% year-on-year due to the impact of the Corona disaster.
2021 new car demand:
It is expected to increase by the same number of percent due to the continuation of consumption stimulus measures by local governments.
However, the spread of the impact of semiconductor shortages on production cuts is a factor in the uncertain future.
Breakdown of Japanese companies:
Toyota:
It increased by 10.9% to 1,797,500 units, a record high for eight consecutive years.
Sales of the sedan “Camry” and SUV “RAV4” were strong, mainly for new models.
Honda:
It increased by 4.7% to 1,626,972 units, the highest ever for the second consecutive year.
Sales of the three main models, including the sedan “Accord” and SUV “CR-V,” have exceeded 200,000 units each.
In addition, sales of HV vehicles reached a record high of 201,499 units.
Nissan Motor:
5.8% decrease to 1,456,738 units,
Mazda:
214,574 units decreased by 5.8%, and 4 companies fell below the previous year’s level.
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