Monday , March 1 2021

The Chinese car market can be reduced in 2018

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.

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