Given the weakening of the economy as a result of trade disputes with America, the Chinese car market is in danger this year for the first time since the early 1990s. It would be difficult to maintain positive bias by the end of the year, Deputy Foreign Secretary of CAAM, Yao Jie, said on Friday. "It could also be a drop."
In the first ten months of this year, sales fell by 0.1 percent to 22.97 million cars. Only in October, the minus amounted to 11.7 percent, and at most seven years. It was the fourth month in a row with a drop in sales.
Concerns over the economic situation in China have led many people to consider big purchases, the association said. In months earlier, CAAM also included a trade dispute with the United States. However, he recently proposed approximate processes. In fact, CAAM has set 2018, the world's largest car market growth of three percent. That would be the level of the previous year, but still far from the 13.7 percent increase in 2016.
Audi is afraid of weaknesses in the market
The unwilling desire to buy in China is also difficult for German car makers. Chinese consumers' uncertainty has led to sales on the major Volkswagen car market in the world's largest market by 9.8 percent to 274,100 cars, as the company announced on Friday in Wolfsburg. Sales in the world fell by 6.2 percent to 516,900 vehicles.
Sales in Europe continued to adversely affect the transition to the new WLTP emission standard in October, though it is not strong as in September. "We expect this recovery to continue in November and December," said chief sales director Jürgen Stackmann. In Europe, VW recorded a drop of 7.1 percent to 122,000 vehicles. Minus with 11.7 percent again was particularly clear in Germany. According to his own statements, VW reports a positive swing in Russia and Brazil.
Calculated in the first ten months of this year, the VW is still in a surplus. Of the 5.14 million VW vehicles sold 1.9 percent more than in the same period last year. According to Volkswagen, this is a new top.
Unlike the VW, Audi is afraid of market weaknesses in China with delivery plus 5.4 percent, as the group announced on Friday in Ingolstadt. Nevertheless, the car manufacturer recorded a deep red month of sales. In October, Volkswagen sold 117,600 vehicles worldwide, slightly less than 26 percent less than a year ago. In the year to date, delivering up to 1,525 million vehicles, so Audi at 0.9 percent in
Surplus compared to last year.
Last year, the company was particularly hit in Europe by Audi, where Audi struggles with the illicit approval of its vehicles to the new WLTP standard and therefore many models are unavailable. There were 32,150 four-ring vehicles sold in October, just under 53 percent less than a year ago.
Meanwhile, Audi sees light on the tunnel: last month, the number of WLTP-approved models almost doubled. However, the company still assumes that by the end of normal supply will come again.
In October, Mercedes delivered 190,021 vehicles (just under 4 percent), BMW has not yet presented figures for the past month.