COVID-19: New car sales in China in May: 14% year-on-year increase, cautious outlook
China: New vehicle sales in May
This was a 14% increase from the same month last year, and exceeded the same month last year for the second consecutive month.
“China Automobile Manufacturers Association”:
According to the announcement, the number of new cars sold in China in May was 2,194,000 units, an increase of 14.5% compared to May last year.
New car sales in China:
February: It fell by almost 80%,
April: turned positive,
May: Year-on-year increase for 2 consecutive months
The growth rate also expanded to double digits.
Economic measures:
The local government launched a series of leverage measures such as subsidies for new car replacement, and passenger cars increased by 7%.
Commercial vehicles such as trucks have increased significantly by 48%.
The industry group says the sales volume for the last month was “more than expected”.
NHK news
Three major Japanese companies: New vehicle sales in China surpass the same month last year
New vehicle sales in China:
Three major Japanese companies:
In May, Japanese automakers’ new car sales in China out of the four major companies exceeded the same month last year.
Two of these companies have double-digit growth rates.
By June 4, Japanese automakers announced the sales volume of new vehicles in China in May.
Toyota Motor
The number of units sold was 166,300, which was 20.1% higher than the same month last year.
Mazda
It increased by 31.6% to 22,886 units, both of which were double-digit growth.
Nissan Motor
The number of vehicles sold by the three companies was positive, reaching 131,016 units, a 6.7% increase over the same month last year.
Honda
Although it was 143,230 units, 1.7% lower than the same month last year, the rate of decrease improved by about 8 points compared to April.
NHK news
[China] Honda new car sales decreased 1.7% in May to 134,000 units (NNA)
https://news.yahoo.co.jp/articles/b021c6b9f48cb2f228ce9466efc4af6574cb3b71
Mazda’s new car sales in China increased by 31.6% in May | Kyodo News