According to the latest statistics released by the China Association of Automobile Manufacturers on the 10th, many unfavorable factors such as the withdrawal of encouraged policies, high oil prices, and strong earthquakes in Japan have affected the growth of China’s domestic auto market this year. In April, for the first time in 27 consecutive months Negative growth. It is expected that the growth of China's automobile production and sales this year will be lower than expected, and the overall situation is grim.
The latest statistics show that in April of this year, China's auto production and sales were 1.5353 million and 1.5520 million, which fell by approximately 16% and 15% respectively. In the first four months of this year, China's auto production and sales totaled 6,431,100 and 6,533,900 units, an increase of 5.09% and 5.95% respectively.
Dong Yang, secretary-general of the China Association of Automobile Manufacturers, believes that the first time in April this year, China's automobile production and sales have seen negative growth year-on-year, which is the first time that Chinese autos have experienced negative growth year-on-year in 27 months. In addition, in the first four months of this year, the growth rate of China's automobile production and sales was less than 6%, and it will be difficult to achieve a growth rate of 10% to 15% in the whole year. He said that China's auto industry has a long chain, and it has a large relationship with the upstream and downstream industries, which has a significant impact on the national economy. If the automotive industry develops slowly, this will not only be detrimental to the development of the national economy, but will also be detrimental to expanding domestic demand.
The latest statistics show that in April of this year, China's auto production and sales were 1.5353 million and 1.5520 million, which fell by approximately 16% and 15% respectively. In the first four months of this year, China's auto production and sales totaled 6,431,100 and 6,533,900 units, an increase of 5.09% and 5.95% respectively.
Dong Yang, secretary-general of the China Association of Automobile Manufacturers, believes that the first time in April this year, China's automobile production and sales have seen negative growth year-on-year, which is the first time that Chinese autos have experienced negative growth year-on-year in 27 months. In addition, in the first four months of this year, the growth rate of China's automobile production and sales was less than 6%, and it will be difficult to achieve a growth rate of 10% to 15% in the whole year. He said that China's auto industry has a long chain, and it has a large relationship with the upstream and downstream industries, which has a significant impact on the national economy. If the automotive industry develops slowly, this will not only be detrimental to the development of the national economy, but will also be detrimental to expanding domestic demand.
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