GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
China's Automotive Market Sees Reduced Sales Drop Margin in March 2020
Add to my favorite
2020-04-13
On April 10, China Association of Automobile Manufacturers (CAAM) reported that China's automotive production and sales reached 1.422 million vehicles and 1.43 million vehicles respectively, an apparent drop of 44.5% and 43.3% respectively. In the first quarter of 2020, the domestic production in China was 3.474 million vehicles and the sales were 3.672 million vehicles, a drop of 45.2% and 42.4% respectively.
According to CAAM's survey, 23 companies have resumed production at their car production facilities with 86% of their workers having returned to work, indicating that the current local automotive industry in China is at 75% of last year's production level. CAAM stated that the pandemic wasn't over yet and part of the market demand remained restrained, but March sales apparently improved over February sales.
CAAM thinks that the virus spread in the U.S. and Europe deals a huge blow to the Chinese automotive market. The overseas spread impacts the overseas automotive consumer market and impedes China's automotive and components export. Judging from the first quarter this year, China's automotive export has yet to take the impact, at least for the quarter. During this January and March, China exported 204 thousand units of vehicles, down 11.5% from the same period last year, among which were 154 thousand units of exported passenger cars, up 5.3%. CAAM expects a greater automotive market recovery in the second quarter this year, but says it may be difficult for it to reach the level of the corresponding quarter last year.
According to CAAM's survey, 23 companies have resumed production at their car production facilities with 86% of their workers having returned to work, indicating that the current local automotive industry in China is at 75% of last year's production level. CAAM stated that the pandemic wasn't over yet and part of the market demand remained restrained, but March sales apparently improved over February sales.
CAAM thinks that the virus spread in the U.S. and Europe deals a huge blow to the Chinese automotive market. The overseas spread impacts the overseas automotive consumer market and impedes China's automotive and components export. Judging from the first quarter this year, China's automotive export has yet to take the impact, at least for the quarter. During this January and March, China exported 204 thousand units of vehicles, down 11.5% from the same period last year, among which were 154 thousand units of exported passenger cars, up 5.3%. CAAM expects a greater automotive market recovery in the second quarter this year, but says it may be difficult for it to reach the level of the corresponding quarter last year.
CAAM
car production and sales drop
Q1 2020
中國汽車工業協會
汽車產銷下滑
2020第一季
扣件
國際展會
惠達雜誌
匯達實業
外銷媒合
廣告刊登
螺絲五金
五金工具
紧固件
台灣扣件展
印度新德里螺絲展
越南河內螺絲展
墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
wire Dusseldorf
FASTENER FAIR INDIA
FASTENER FAIR VIETNAM
FASTENER FAIR MEXICO
FASTENER POLAND
FASTENER FAIR ITALY
FASTENER FAIR GLOBAL
FASTENER WORLD
READ NEXT
GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
2020-04-16
Subscribe
