China's new car sales in August fell by more than 17% from the same month last year due to a global shortage of semiconductors and the spread of the new coronavirus infection in Southeast Asia, which delayed the supply of parts. , It has been negative for 4 consecutive months.
According to the announcement by the "China Automobile Manufacturers Association" made by automobile manufacturers, the number of new cars sold in China in August was 1,799,000 units, down 17.8% from the same month last year, a significant decrease.
New car sales have been negative for four consecutive months.
Of this, passenger car sales, which account for more than 80% of the total, decreased by 11.7%.
This is mainly due to the global shortage of semiconductors, the spread of the new coronavirus infection in Southeast Asia, the stagnation of parts supply, and the decrease in production, as well as the re-expansion of the infection in Japan.
Japanese automakers are also affected, and the number of
vehicles
sold in China in August
decreased by
11.9% for Toyota
Motor, 10.6% for Nissan Motor, and
38.3% for Honda
.
"Demand for automobiles is stable, but the problem of semiconductor shortages still remains, and annual sales may be lower than initially expected," said an industry group.
As sales continue to decline in China's major industry, the automobile market, there is growing caution about its impact on the economy as a whole.