Chinese Auto Market is collapsing in 2020 as a result of February’s shutdown due to Coronavirus outbreak. Indeed, year-to-date sales in February 2020 are falling 42% at 2.250.094. Almost all top 10 brands are declining over 30%, while Chery manges to contain losses, losing “just” 24.7%.
Chinese Auto Market in 2019 has worsened, signing the second negative year in a row. Indeed, the Full-year ended at 25.5 million, down 7.2% from the previous year. Despite the negative environment, Honda and Toyota were moderately growing.
Chinese Auto Market fell down in 2018 first time since the ’90s. The market fell during the second half, despite tax reduction ending the year at 27.5 million units. Volkswagen led the market with over double sales than Honda, while Geely (+10%) advanced in third place.
Chinese Vehicles Market in the 2017 gained only 0.8% penalized by fall in the commercial vehicles demand and by restrictions on high engines displacement. Honda grew up in second place, while Geely boomed 60% landing in fourth place.
China Auto Sales in December hit the highest month ever booming 17% and ending a great Q4 pushed up by 50% small engine displacement tax cut. Honda was second and Nissan jumped in third, the best place ever.
2014 China Auto Industry record at 23.5 million led by VW Group as best carmakers in the world. China counts 27 percent of total car sold in the world and Volkswagen, Audi and Skoda sales are on fire.