China's new car sales in May were down more than 12% compared to the same month last year, continuing to be affected by the spread of the new coronavirus infection.
However, the negative range has shrunk from the previous month, and industry groups say that recovery is progressing.
According to the "Automotive Manufacturers Association" made by Chinese automobile manufacturers, the number of new cars sold in China last month was 1,862,000, a decrease of 12.6% compared to the same month last year.
Sales have declined for the third straight month.
Due to the spread of the new corona infection, strict measures were taken in various places such as Shanghai, and the main factors were that the supply of parts was delayed and production decreased, and some dealers could not operate.
However, compared to the previous month, when it fell to nearly half of last year, the negative margin has narrowed, and industry groups have stated that "production is recovering and the supply network is gradually improving."
Last month, Japanese automakers sold
12.1% in China,
30.8% in Honda,
38% in Nissan, and
43.8% in Mazda.
Among Japanese manufacturers, some companies have normalized the production situation in June, and the Chinese government has also announced consumption stimulus measures such as halving the tax on the purchase of automobiles depending on the model of the car. The focus is on how far the recovery will go.