China New car sales in September 15th consecutive month, October 14th, 18:07

The number of new car sales in China last month fell below the same month of the previous year for the 15th consecutive month, with electric vehicles and other vehicles falling significantly by more than 30% due to the reduction in subsidies.

According to the announcement by the China Automobile Manufacturers Association, which is made by automakers, the number of new car sales in China last month was 2.71 million units, a 5.2% decrease from the same month last year.

Although the decline was 1.7 points smaller than the previous month, it was down for the 15th consecutive month.

The Chinese government has introduced new vehicle sales promotion measures by relaxing restrictions on the number of license plates issued in large cities as a countermeasure against traffic jams and air pollution, but the effect has not been shown so far. Hmm.

Sales of new energy vehicles, such as electric vehicles and plug-in hybrid vehicles, fell 34.2% from the same month last year, showing a significant drop.

The decline in sales of new energy vehicles is due to the fact that the Chinese government has greatly reduced purchase subsidies, and the shrinking Chinese new car market continues to lack decisive recovery.