China's new car sales fell by more than 19% from the same month last year, 5 It has been negative for the month in a row.
According to the announcement by the "China Automobile Manufacturers Association" made by Chinese automobile manufacturers, the number of new cars sold in China was 2,067,000 last month, down 19.6% from the same month last year, a significant decrease.
New car sales in China have been negative for the fifth straight month.
Of this, passenger car sales, which account for more than 80% of the total, decreased by 16.5%.
This is due to the continued impact of the global semiconductor shortage, as well as the restriction of electricity supply due to soaring coal prices and tightening of environmental regulations in a wide range of regions of the country, resulting in a decrease in production. That is the main factor.
In addition, the impact on Japanese automakers continues, and the number of
vehicles
sold in China last month
decreased significantly to
▽ Toyota Motor 35.9%
▽ Honda 28.1%
▽ Nissan Motor 26.2%
.
Declining sales and production in China's main industry, the automobile market, has led to a recent economic slowdown.
"Demand for automobiles is stable, but the impact of semiconductor shortages will continue, and power restrictions in each region may increase the risk to the automobile industry," said an industry group.