China's new car sales in May fell by more than 3% compared to the same month last year, due to factors such as a decline in production due to a global shortage of semiconductors, and began to decline for the first time in a year and two months. It was.
According to the announcement by the "China Automobile Manufacturers Association" made by automobile manufacturers, the number of new cars sold in China in May was 2,128,000, a decrease of 3.1% from the same month last year.
Looking at the breakdown, passenger car sales were down 1.7%, and production was down 2.7% due to a global semiconductor shortage.
In addition, sales of commercial vehicles decreased by 7.4%, and sales of trucks, etc., which had increased due to the expansion of infrastructure investment by the government last year, decreased.
New car sales in China have dropped sharply due to the spread of the new coronavirus infection, and have increased since April last year due to the government's economic measures, etc., compared to the same month of the previous year. It started to decrease for the first time in a month.
Industry groups say that consumer spending in the automobile market is on track, but "the impact of semiconductor shortages is increasing month by month, and raw material prices are rising sharply, increasing pressure on manufacturers. We are strengthening our sense of caution about the future.