Also EV were strong not stand recovery prospect of China's new car market down 8 May 12, 18 19:00 minutes
Last month's new car sales in China fell 13% for the 13th consecutive month, 4% less than last year. Has started to decline also sales of electric vehicles that strong had been followed, it continued to situations that do not stand the prospect to the recovery of the market.
The Chinese Automobile Manufacturers Association, which is made by Chinese automakers, announced on the 12th that the number of new cars sold last month was 1.88,000 units, down 4.3% from the same month last year.
This is the 13th consecutive month since July last year that the number of new car sales in China has fallen below the same month of the previous year as the economy slows down due to trade friction with the United States.
In China, fuel efficiency regulations for gasoline vehicles have been tightened since last month, mainly in urban areas, and sales of Chinese manufacturers that have been slow to respond have declined.
Sales of electric vehicles and plug-in hybrid vehicles, which had been strong so far, also decreased by 4.7% compared to the same month last year.
Last month, purchase subsidies to these models is not affected to have been greatly reduced, China's new car market has been followed by a situation that does not stand the prospect of recovery.
On the other hand, Japanese automakers sold 9.4% more than the same month last year, while Toyota and Nissan also increased their sales.
In addition to the growth in sales of new models, it seems that the popularity of Japanese cars with good fuel efficiency has increased due to stricter fuel efficiency regulations.