Analysis Of The Status Quo And Development Trend Of China's Automobile Industry Market In 2019

- Jul 26, 2019-

1. In 2019, H1 China's automobile production and sales exceeded 12 million units.

Since May 2018, vehicle sales have ushered in the first decline in 28 years. The Chinese auto market continued to fall into a downturn for 12 months, and the monthly sales of the passenger car market continued to decline compared with previous years. In June this year, sales of passenger car market in China ushered in growth, while commercial vehicles continued to decline.

Recently, according to data released by the China Association of Automobile Manufacturers, China's automobile production and sales in June 2019 were 1.895 million and 2.056 million, respectively, up 2.5% and 7.5% from the previous month, down 17.3% and 9.6 from the previous year. %. Among them, the growth rate of passenger car production and sales is higher than the whole industry.

On the accumulative aspect, China's auto production and sales volume in January-June 2019 was 12.132 million units and 12.323 million units respectively. The production and sales volume decreased by 13.7% and 12.4% respectively over the same period of the previous year. The output decline rate was 0.7 percentage points higher than that in January-May. The decline narrowed by 0.6 percentage points.

Source: Prospective Industry Research Institute