三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

German, Japanese cars wrest lead on pent-up demand

By Li Fusheng | China Daily | Updated: 2020-05-19 08:18
Share
Share - WeChat
Employees work on the production line of FAW Group in Changchun, Jilin province. [Photo/Xinhua]

Chinese carmakers lost market share to German and Japanese rivals in April amid the sales recovery from the pandemic, largely due to pent-up demand, and the situation is expected to reverse as the economy improves further, experts said.

More than 2.07 million vehicles were sold in April, up 4.4 percent on a yearly basis, ending a 21-month decline in the world's largest automobile market, according to the China Association of Automobile Manufacturers.

But the recovery also revealed the customers' preference for international brands. Sales of Chinese-branded passenger cars fell by 9.4 percent on a yearly basis to 532,000 units in April. The combined market share of Chinese brands fell by 2.6 percentage points to 34.6 percent during the month. Though still the lion's share, it was the lowest since July 2014. The share in the first four months fell by 1.2 percentage points from the same period last year to 38.1 percent.

German and Japanese vehicles became more popular during the period, accounting for 24.8 percent and 22.8 percent shares respectively, while those from the United States, South Korea and France saw their shares slide further.

Xu Haidong, vice-chief engineer of the CAAM, said: "The overall rise in April was primarily the result of pent-up demand during the past several months. The demand was mainly for more expensive models, which are often from international brands."

Sino-German joint venture FAW-Volkswagen sold 165,734 vehicles in April under the Volkswagen, Audi and Jetta brands. That is a 9.9-percent growth on a yearly basis, more than double the overall market's rise.

German premium carmaker BMW said its China sales in April rose 14 percent, following an 88-percent fall in February, when the pandemic was at its peak in the country. Japan's Toyota's Chinese joint venture GAC-Toyota sold 63,607 vehicles last month, up 47 percent year-on-year.

Experts said Chinese brands are expected to regain their market share as the economy recovers further and people's life returns to normal. They said that it is also a reminder that Chinese companies should further improve their competitive edge because not all local carmakers are losing ground.

For example, the country's largest private carmaker Geely sold 105,468 vehicles last month, up 2 percent from the same period last year. Its sales in the first four months of this year totaled 311,495 units, accounting for 22 percent of the carmaker's sales target of 1.41 million vehicles.

The carmaker, which owns Volvo and has stakes in Mercedes-Benz parent Daimler, said the sales recovery had improved its market share to 7.2 percent by the end of the first quarter.

"We are confident on the sales performance in May and in the second half of the year, as we launch new models and resume deliveries that were affected by the coronavirus," said Geely President An Conghui.

China's largest sport utility vehicle maker Great Wall Motors delivered 78,804 vehicles in April, up 2 percent year-on-year. Globally, its deliveries for the month totaled 80,828 units, up 35 percent from March. The carmaker said it has been exploring digital channels and making the most of its brick-and-mortar stores to boost sales during the pandemic.

Chen Shihua, deputy secretary-general of the CAAM, said the pandemic in overseas markets was hurting Chinese carmakers' sales as well. He estimated that vehicle exports will drop by 200,000 units this year, from about 1 million in 2019, as the coronavirus erodes global demand.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 上海毛片| 久久久国产高清 | 韩国一级毛片大全女教师 | 成人欧美一区二区三区小说 | 多人性激烈的欧美三级视频 | 高清色黄毛片一级毛片 | 999国产精品999久久久久久 | 人人做天天爱夜夜爽中字 | 亚洲精品国产三级在线观看 | 精品国产一区二区二三区在线观看 | 国产乱码一区二区三区四区 | 国产a精品| 日韩 欧美 中文 亚洲 高清 在线 | 免费a级片在线观看 | 久久国产a | 亚洲福利院 | 国产欧美日韩综合精品无毒 | 国产精品极品美女自在线看免费一区二区 | 国产一级大片免费看 | 日本午夜一级特黄毛片 | 91久久精品国产一区二区 | 婷婷丁香六月天 | 国产成人 免费观看 | 美女18一级毛片免费看 | 久久在线免费观看视频 | 国产呦精品系列在线 | a级国产 | 一级毛片免费全部播放完整 | 鲁大师在线观看免费播放 | 日本一级毛片视频无遮挡免费 | 亚洲第一页综合 | 国产精品偷伦视频免费观看了 | 国产尤物在线播放 | 成人精品一区二区户外勾搭野战 | 久久成人在线观看 | 国产aⅴ一区二区 | 亚洲美女一级毛片 | 亚洲美女一级毛片 | 国产乱码在线精品可播放 | 美女网站免费久久久久久久 | 无遮挡啪啪成人免费网站 |