China's October new car sales fell below the same month last year, marking the sixth straight month of negative growth, due in part to the continued impact of global semiconductor shortages.
According to the announcement by the China Automobile Manufacturers Association, which is made by Chinese automakers, the number of new cars sold in China last month was 2,333,000, down 9.4% from the same month last year, the sixth consecutive month of negative growth. I did.
The main reason for this is that the number of passenger cars sold, which accounts for more than 80% of the total, has decreased by 5%, and production has decreased due to the continued impact of the global semiconductor shortage.
The impact on Japanese automakers continues, with sales in China last month
▽ Toyota Motor 19.2%,
▽ Honda 17.9%,
▽ Nissan Motor 22%,
▽ Mazda 22.3%,
respectively. It has become.
Declining new car sales and production are slowing the Chinese economy.
An industry group said, "Although the impact of semiconductor shortages has improved, raw material prices have remained high and electricity prices have risen, increasing pressure on manufacturers." Although the number of units sold will increase from last year, it is expected to be lower than previously expected.