COVID-19: New car sales in April in China, increased for the first time in 22 months: Government support strongly
China Automobile Manufacturers Association:
On May 11, it was announced that the number of new vehicles sold in April increased by 4.4% year-on-year to 2.07 million units.
This is the first time in 22 months since June 2018 that it has exceeded the same month last year.
Resume infrastructure construction
Substituting subsidy,
Sales of commercial vehicles such as trucks have a record high.
Government support has boosted demand.
Passenger car sales:
The number of passenger cars decreased by 3% to 1.53 million.
However, it improved compared to March when the double-digit decrease continued.
Due to the spread of COVID-19 infection, many consumers who could not purchase a new car from January to March purchased it in April.
By passenger car manufacturer:
There was a difference between light and dark by passenger car manufacturer.
The following manufacturers outperformed the same month last year.
Toyota Motor
Nissan Motor
Mazda
The Zhejiang Geely Holding Group in China quickly set up a production system.
China Top / German Volkswagen:
The number of joint ventures with China FAW Group exceeded the same month last year.
However, the joint venture with SAIC Motor Group was below the same month last year.
Nihon Keizai Shimbun
https://r.nikkei.com/article/DGXMZO58945440R10C20A5MM8000
New car sales in China in April 2020, turning positive for the first time in 22 months
Toyota, Nissan exceed previous year China Automotive Industry Association ｜ Automakers